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PIOLAX INC., widely known as Piolax, is a leading Japanese precision manufacturer with its headquarters in Yokohama, Japan. Established in 1918, the company specialises in leveraging advanced 'elastic technology' to produce high-performance components across various industries.
Piolax's core business involves the expert manufacturing of springs, precision plastic parts, fine components, and assembly products. With a robust global presence spanning Japan, North America, Europe, and Asia, Piolax is a trusted supplier for demanding sectors including automotive, home appliances, and medical devices, renowned for its innovative solutions and reliable engineering expertise.
-1 vs industry average
Piolax’s score of 35 is higher than 52% 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.
Piolax, a Japan-based company in the other business services industry, reported global Scope 1, 2, and 3 emissions of approximately 158.4 million kg CO2e in 2023. This includes about 3.1 million kg CO2e from Scope 1, 24.3 million kg CO2e from Scope 2 (market-based), and 131.0 million kg CO2e from Scope 3. Their Scope 3 emissions in 2023 were primarily driven by purchased goods and services (approximately 104.5 million kg CO2e) and capital goods (approximately 19.5 million kg CO2e).
In 2022, Piolax's total reported emissions were approximately 121.6 million kg CO2e, with Scope 1 emissions at about 3.1 million kg CO2e, Scope 2 (market-based) at around 36.2 million kg CO2e, and Scope 3 at approximately 82.4 million kg CO2e.
For 2021, Piolax reported Scope 1 emissions of approximately 3.0 million kg CO2e and Scope 2 (market-based) emissions of about 40.7 million kg CO2e. Scope 3 data was not available for this year.
Piolax has set a near-term carbon neutrality target, aiming for a 46% reduction in all scopes by fiscal year 2030, using fiscal year 2019 as the baseline. As part of this commitment, in fiscal year 2023, the company introduced 100% renewable energy at its Moka and Fuji Plants and Piolax Medical Devices. In fiscal year 2024, they expanded their roadmap to include overseas subsidiaries.
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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