Shimizu

Shimizu, a Japanese construction company, is committed to reducing its carbon emissions.

In 2023, Shimizu reported Scope 1 emissions of approximately 325.3 million kg CO2e and Scope 3 emissions of about 9.45 billion kg CO2e. For 2022, the company's Scope 1 emissions were approximately 197.9 million kg CO2e, Scope 2 (market-based) emissions were about 35.7 million kg CO2e, and total Scope 3 emissions were around 5.8 billion kg CO2e. In 2021, Shimizu's Scope 1 emissions were approximately 248 million kg CO2e, Scope 2 emissions were about 275.6 million kg CO2e, and total Scope 3 emissions were around 5.41 billion kg CO2e.

Shimizu has set several ambitious climate targets. The company is committed to achieving net-zero greenhouse gas emissions across its value chain by FY2050, validated by the Science Based Targets initiative (SBTi). For its near-term goals, Shimizu aims to reduce absolute Scope 1 and 2 GHG emissions by 58.8% by FY2034 from a FY2023 base year. Additionally, the company plans to reduce absolute Scope 3 GHG emissions from purchased goods and services and use of sold products by 35.0% by FY2034, also from a FY2023 base year.

Looking further ahead, Shimizu targets a 90% reduction in absolute Scope 1 and 2 GHG emissions by FY2050 from a FY2023 base year. Similarly, it aims for a 90% reduction in absolute Scope 3 GHG emissions from purchased goods and services and use of sold products by FY2050, from the same FY2023 base year. These long-term targets are also approved by the SBTi.

Previously, Shimizu had committed to reducing absolute Scope 1 and 2 GHG emissions by 33% by 2030 and 63% by 2050 from a 2017 base year, with Scope 3 emissions targeted for a 20% reduction by 2030 and 43% by 2050, also from a 2017 base year.