Shimizu

Shimizu, a Japanese construction company, reported Scope 1 emissions of approximately 325,340,000 kg CO2e and Scope 3 emissions of approximately 9,451,379,000 kg CO2e in 2023. In 2022, their Scope 1 emissions were approximately 197,887,000 kg CO2e, Scope 2 emissions were around 35,725,000 kg CO2e (market-based), and Scope 3 emissions totalled approximately 5,745,417,000 kg CO2e, including categories such as purchased goods and services (1,497,319,000 kg CO2e), use of sold products (3,753,163,000 kg CO2e), and capital goods (236,559,000 kg CO2e).

Shimizu has set several ambitious climate targets. The company has committed to reaching net-zero greenhouse gas emissions across its entire value chain by FY2050. This includes reducing absolute Scope 1 and 2 GHG emissions by 90% by FY2050 from a FY2023 base year, and absolute Scope 3 GHG emissions from purchased goods and services and use of sold products by 90% by FY2050 from a FY2023 base year.

For near-term targets, Shimizu aims to reduce absolute Scope 1 GHG emissions by 58.8% and Scope 2 GHG emissions by 58.8% by FY2034 from a FY2023 base year. Additionally, they commit to reducing absolute Scope 3 GHG emissions from purchased goods and services and use of sold products by 35.0% within the same timeframe. These targets are validated by the Science Based Targets initiative (SBTi) as consistent with keeping warming to 1.5°C.

Previously, Shimizu had SBTi-validated targets from a 2017 base year, aiming to reduce absolute Scope 1 and 2 GHG emissions by 33% by 2030 and 63% by 2050. They also committed to reducing absolute Scope 3 GHG emissions by 20% by 2030 and 43% by 2050 from the same 2017 base year.