Obayashi

Obayashi Corporation, a prominent construction company headquartered in Japan, demonstrates a commitment to addressing its carbon footprint. For the fiscal year 2024, the company reported total emissions of approximately 5.26 billion kg CO2e. This includes Scope 1 emissions of about 246.7 million kg CO2e, Scope 2 emissions of approximately 24.5 million kg CO2e, and substantial Scope 3 emissions totalling around 4.05 billion kg CO2e. Key contributors to their Scope 3 emissions in 2024 include purchased goods and services (approximately 1.14 billion kg CO2e) and the use of sold products (about 3.37 billion kg CO2e).

Obayashi has set ambitious climate targets, including a commitment to achieve net-zero emissions by 2050. In line with this, the company aims for an 85% reduction in Scope 1 and Scope 2 emissions by fiscal year 2051, compared to fiscal year 2014 levels. Furthermore, Obayashi has validated near-term targets through the Science Based Targets initiative (SBTi). They commit to reducing absolute Scope 1 and 2 greenhouse gas emissions by 46.2% by fiscal year 2030, using a fiscal year 2019 base year. Additionally, they aim to reduce absolute Scope 3 emissions from purchased goods and services and the use of sold products by 27.5% within the same timeframe. These SBTi-aligned targets are classified as consistent with keeping warming to 1.5°C.