Sharp

Sharp, a prominent player in the Household Appliances, Electric Housewares, and Consumer Electronics Merchant Wholesalers industry, headquartered in Japan, has established comprehensive climate commitments and reports its carbon emissions across all scopes.

For the fiscal year 2024, Sharp reported total global GHG emissions of approximately 23.35 billion kg CO2e. This figure is comprised of approximately 260 million kg CO2e for Scope 1 (direct emissions), and approximately 560 million kg CO2e for Scope 2 (indirect emissions from purchased energy). Scope 3 emissions were the largest contributor, totalling approximately 22.53 billion kg CO2e. Significant contributors to Sharp's Scope 3 emissions include the use of sold products (approximately 19.34 billion kg CO2e) and purchased goods and services (approximately 1.88 billion kg CO2e).

Sharp has set ambitious targets to address climate change. The company aims to achieve net-zero CO2 emissions from its business activities by 2050. To support this long-term vision, interim targets include a 40% reduction in CO2 emissions by 2030 and a 60% reduction by 2035, using fiscal year 2021 as a baseline. Furthermore, Sharp has committed to reducing absolute Scope 1 and 2 GHG emissions by 42.5% by FY2030 from a FY2021 base year, and absolute Scope 3 GHG emissions by 25.0% within the same timeframe, aligning with a 1.5°C warming scenario.

The company is also committed to reducing Scope 1 and 2 GHG emissions by 33% by FY2031, using FY2018 as a baseline. In addition, there is a commitment to reduce absolute Scope 1 GHG emissions by 85.0% and absolute Scope 2 GHG emissions by 85.0% by FY2031, both from a FY2021 base year. Scope 3 GHG emissions are also targeted for reduction, with a commitment to reduce them by 27.5% within the same timeframe. Sharp has also indicated an aim to achieve net zero CO2 emissions by 2030 for its business activities and to achieve net zero CO2 emissions across its supply chain, including its own business activities, by 2050.