Odakyu Electric Railway Co., Ltd., commonly referred to as Odakyu, is a prominent player in the Japanese transportation sector, headquartered in Tokyo, Japan. Established in 1920, the company has evolved significantly, becoming a key provider of railway services in the Kanto region, particularly in Kanagawa Prefecture and parts of Tokyo.
Specialising in passenger rail services, Odakyu operates a network of lines that connect urban and suburban areas, offering unique features such as limited express services and scenic routes. The company is renowned for its commitment to safety, punctuality, and customer satisfaction, which has solidified its position in the competitive railway industry.
With a focus on innovation and service enhancement, Odakyu has achieved notable milestones, including the introduction of advanced train technologies and sustainable practices. As a leader in the "Other business services" sector, Odakyu continues to shape the future of transportation in Japan.
+6 vs industry average
Odakyu Electric Railway Co., Ltd.’s score of 39 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Business Services has below-average carbon intensity
Industry performance
The Business Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Odakyu Electric Railway Co., Ltd.'s reported carbon emissions
Odakyu Electric Railway Co., Ltd., headquartered in Japan and operating within the other business services sector, has established significant carbon reduction targets and reported its emissions data.
For the fiscal year 2023, the company reported a total of approximately 668.4 million kg CO2e. This total comprises approximately 443.8 million kg CO2e from Scope 1 emissions and approximately 180.7 million kg CO2e from Scope 2 emissions (market-based). Scope 3 emissions for 2023 amounted to approximately 254.5 million kg CO2e, with notable contributions from capital goods (about 100.3 million kg CO2e) and purchased goods and services (about 66.8 million kg CO2e).
In the preceding year, 2022, Odakyu Electric Railway Co., Ltd. reported total emissions of approximately 283.2 million kg CO2e. This included approximately 151.9 million kg CO2e from Scope 1 and approximately 91.6 million kg CO2e from Scope 2. Scope 3 emissions for 2022 were approximately 192.3 million kg CO2e.
The company has set ambitious climate commitments. Odakyu Electric Railway Co., Ltd. aims to reduce CO2 emissions by 50% by 2030, using 2013 as a baseline. Another commitment targets a 46% reduction in CO2 emissions by 2030, also compared to 2013 levels. Furthermore, within its bus and taxi operations, the company aims for a 50% reduction in emissions by 2040, relative to the 2013 baseline, specifically for Scope 2 emissions. The company has also indicated progress towards a 2026 target, reporting reductions exceeding 19% for both Scope 1 and Scope 2 emissions against a 2015 baseline.
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Odakyu Electric Railway Co., Ltd.’s Climate Goals (2030 & 2050)
4 goals2040
50% reduction in Scope 2
We aim to reduce emissions by 50% by 2040 (compared with 2013) in the bus and taxi business.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
3 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Odakyu Electric Railway Co., Ltd.
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