Mitsui And Co

Mitsui & Co., Ltd. (JP), operating in the Machinery and equipment n.e.c. (29) industry, has set ambitious climate commitments. The company aims for net-zero emissions by 2050 and has established interim targets for 2030 as a pathway to this long-term goal.

For the fiscal year 2025, Mitsui & Co. reported approximately 222.7 billion kg CO2e in total emissions (Scope 1 + Scope 2 + Scope 3). This breaks down into approximately 2.8 billion kg CO2e for Scope 1, approximately 393 million kg CO2e for Scope 2, and approximately 197.1 billion kg CO2e for Scope 3.

Key reduction targets include:

• By 2030: A commitment to halve greenhouse gas (GHG) impact compared to the fiscal year ending March 2020. This includes a target to reduce Scope 1 emissions by 50% and Scope 2 emissions by 50%.
• Long-term: A vision for net-zero emissions by 2050.

In terms of progress, for the fiscal year 2024, Mitsui & Co. reported that its operational emissions (Scope 1 and 2) had achieved 50% of their planned reduction compared to the 2020 baseline of 800,000 metric tonnes of CO2 equivalent. However, for its total carbon footprint (Scope 1, 2, and 3) with a 2020 baseline of 34 million metric tonnes of CO2 equivalent, the company was noted as lagging behind its 2030 reduction target by 2024, having achieved 29.42% of the planned reduction.

In 2024, Mitsui & Co. had set targets covering its operational emissions (Scope 1 and 2) but not its value chain emissions (Scope 3). However, as of 2024, there is also a reported target to reduce its total carbon footprint, encompassing Scope 1, Scope 2, and Scope 3 emissions.