Nippon Yusen

Nippon Yusen's reported carbon emissions

Nippon Yusen, headquartered in Japan, reported total greenhouse gas (GHG) emissions of approximately 31.5 billion kg CO2e for the year 2024. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. For the 2024 reporting period, Scope 1 emissions amounted to approximately 11.14 billion kg CO2e, primarily driven by mobile combustion. Scope 2 emissions were approximately 82.42 million kg CO2e. Scope 3 emissions were substantially higher, totalling approximately 20.35 billion kg CO2e, with significant contributions from purchased goods and services, downstream leased assets, and fuel and energy-related activities. In 2023, Nippon Yusen's total GHG emissions were approximately 14.91 billion kg CO2e. Scope 1 emissions stood at about 11.42 billion kg CO2e, while Scope 2 emissions were approximately 63.34 million kg CO2e. Scope 3 emissions for 2023 were approximately 3.46 billion kg CO2e. The company has established several climate commitments. A long-term goal is to achieve net zero GHG emissions by 2050, covering all scopes. More immediate targets include achieving net zero GHG emissions from operational emissions by 2030. Nippon Yusen also aims for a 45% reduction in Scope 1 and Scope 2 emissions by fiscal year 2030, using fiscal year 2021 as the baseline. Nippon Yusen has also committed to an intensity-based reduction target for its shipping operations, aiming for a 30% reduction in CO2 emissions per ton-kilometer by 2030, and a 50% reduction by 2050, both relative to a 2015 baseline. The Science Based Targets initiative (SBTi) has validated that these scope 1 and 2 targets are consistent with limiting warming to 2°C.