Shimizu

Shimizu Corporation, a Japanese construction firm, reported Scope 1 emissions of approximately 325.3 million kg CO2e and Scope 3 emissions of about 9.45 billion kg CO2e in 2023. In 2022, their Scope 1 emissions were approximately 197.9 million kg CO2e, Scope 2 emissions (market-based) were around 35.7 million kg CO2e, and Scope 3 emissions totalled about 6.09 billion kg CO2e. Key Scope 3 categories in 2022 included use of sold products (approximately 3.75 billion kg CO2e), and purchased goods and services (around 1.49 billion kg CO2e).

Shimizu has set 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). Their near-term SBTi targets, from a FY2023 base year, include a 58.8% absolute reduction in Scope 1 and 2 GHG emissions by FY2034, and a 35.0% absolute reduction in Scope 3 GHG emissions from purchased goods and services and use of sold products within the same timeframe. For long-term goals by FY2050 (from a FY2023 base year), Shimizu aims for a 90% absolute reduction in both Scope 1 and 2 GHG emissions, and a 90% absolute reduction in Scope 3 GHG emissions from purchased goods and services and use of sold products.

Earlier commitments, also validated by SBTi in 2019, aimed to reduce absolute Scope 1 and 2 GHG emissions by 33% by 2030 and 63% by 2050 from a 2017 base year. Additionally, absolute Scope 3 GHG emissions were targeted for a 20% reduction by 2030 and 43% by 2050, also from a 2017 base year.