Oji

Oji, a Japanese company in the paper and paper products industry, reported its Scope 1 emissions for 2024 as 5,791,000,000 kg CO2e, Scope 2 emissions as 1,117,000,000 kg CO2e, and Scope 3 emissions from purchased goods and services as 3,647,000,000 kg CO2e.

Oji is committed to achieving net-zero carbon emissions by fiscal year 2050. As a key milestone towards this goal, the company aims to reduce its Scope 1 and Scope 2 GHG emissions by at least 70% by 2030, compared to a 2018 base year. This includes a plan to invest approximately ¥100 billion to shut down all coal-only-fired boilers in Japan by fiscal year 2030, which is projected to reduce GHG emissions by about 1,000,000,000 kg CO2e. Additionally, Oji targets a 40% reduction in Scope 3 Category 4 emissions (from chip transport vessels) by 2040, compared to fiscal year 2018. The company also aims to reduce Scope 1 and 2 GHG emissions by 50% by fiscal year 2040 compared to fiscal year 2018 levels, while absorbing and sequestering an equivalent of 50% of fiscal year 2018 GHG emissions annually through its forests by the same year.