Oki Electric Industry Sustainability Profile
Oki Electric Industry Co., Ltd., commonly known as Oki, is a prominent player in the telecommunications and information technology sectors, headquartered in Tokyo, Japan. Founded in 1881, Oki has a rich history of innovation, evolving from its early days in telegraph equipment to becoming a leader in printing solutions and network systems. With a strong presence in Asia, Europe, and North America, Oki focuses on core products such as printers, multifunction devices, and advanced communication systems. Their unique offerings, characterised by cutting-edge technology and sustainability, set them apart in a competitive market. Oki's commitment to quality and innovation has earned it a solid market position, making it a trusted name in the industry.
DitchCarbon Score
How does Oki Electric Industry's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Computer Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Oki Electric Industry's score of 58 is higher than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Oki Electric Industry's reported carbon emissions
In 2023, Oki Electric Industry Co., Ltd. reported total greenhouse gas emissions of approximately 1,515,000,000 kg CO2e, with emissions distributed across various scopes: 8,100,000 kg CO2e (Scope 1), 51,800,000 kg CO2e (Scope 2), and 1,510,000,000 kg CO2e (Scope 3). This represents a slight increase in Scope 1 emissions from 2022, where they were about 8,500,000 kg CO2e, while Scope 2 emissions decreased from approximately 62,400,000 kg CO2e in 2022. Oki Electric has set ambitious climate commitments, aiming for a 42% reduction in absolute Scope 1 and 2 emissions by FY2030 from a FY2020 baseline. Additionally, the company targets a 25% reduction in Scope 3 emissions from purchased goods and services and the use of sold products within the same timeframe. Long-term goals include achieving net-zero emissions across all scopes by FY2050, with a 90% reduction in absolute emissions for both Scope 1 and 2, as well as Scope 3. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect Oki Electric's commitment to addressing climate change and reducing its carbon footprint in the technology hardware and equipment sector.
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| 2016 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 16,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 80,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 1,800,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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Oki Electric Industry's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Oki Electric Industry has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
