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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.
+16 vs industry average
Odakyu Electric Railway Co., Ltd.’s score of 52 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Business Services is among the least carbon-intensive industries
The Business Services industry has reduced its overall emissions by 25% since 2018
Scope 3 accounts for ••• of total emissions.
Odakyu Electric Railway Co., Ltd., based in Japan and operating in "Other business services (74)", reported estimated total emissions for 2024 as approximately 1.6 trillion kg CO2e. This includes Scope 1 emissions of approximately 700 billion kg CO2e and Scope 2 (market-based) emissions of approximately 900 billion kg CO2e. Scope 3 emissions for 2024 were about 748.18 million kg CO2e, with significant contributions from purchased goods and services (approximately 309.74 million kg CO2e), capital goods (approximately 192.89 million kg CO2e), and downstream leased assets (approximately 63.46 million kg CO2e).
For 2023, the company's estimated total emissions were approximately 443.85 million kg CO2e. This comprised Scope 1 emissions of approximately 8.61 million kg CO2e, Scope 2 (market-based) emissions of approximately 180.72 million kg CO2e, and Scope 3 emissions of approximately 254.51 million kg CO2e. Key Scope 3 categories for 2023 included capital goods (approximately 100.28 million kg CO2e), purchased goods and services (approximately 66.84 million kg CO2e), and fuel and energy related activities (approximately 35.96 million kg CO2e).
In 2022, Odakyu Electric Railway Co., Ltd. reported Scope 1 emissions of approximately 80 million kg CO2e and Scope 2 (market-based) emissions of approximately 280 million kg CO2e. For 2021, Scope 1 emissions were approximately 80 million kg CO2e and Scope 2 (market-based) emissions were approximately 290 million kg CO2e.
Odakyu Group has set a long-term goal to achieve net-zero CO2 emissions by FY2050. To support this, they aim to reduce CO2 emissions by 50% by FY2030, compared to a FY2013 baseline. An earlier target stated a 46% reduction in CO2 emissions by 2030, also against a 2013 baseline. Additionally, the company aims to reduce Scope 2 emissions in their bus and taxi business by 50% by 2040, compared with 2013.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
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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