TOHO TITANIUM COMPANY LIMITED Sustainability Profile
TOHO TITANIUM COMPANY LIMITED, headquartered in Japan, is a leading player in the titanium industry, renowned for its innovative solutions and high-quality products. Established in 1950, the company has made significant strides in the production of titanium and titanium alloys, serving various sectors including aerospace, automotive, and medical industries. With major operations across Japan and a growing international presence, TOHO TITANIUM is committed to advancing titanium technology. Its core offerings include titanium ingots, bars, and plates, distinguished by their superior strength-to-weight ratio and corrosion resistance. The company’s dedication to research and development has positioned it as a trusted supplier, achieving notable milestones in sustainability and product excellence.
DitchCarbon Score
How does TOHO TITANIUM COMPANY LIMITED's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Business Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
TOHO TITANIUM COMPANY LIMITED's score of 49 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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TOHO TITANIUM COMPANY LIMITED's reported carbon emissions
In 2023, TOHO TITANIUM COMPANY LIMITED reported total carbon emissions of approximately 553,000,000 kg CO2e. This figure includes Scope 1 emissions of about 26,000,000 kg CO2e, Scope 2 emissions of around 176,000,000 kg CO2e, and significant Scope 3 emissions totalling approximately 351,000,000 kg CO2e. The Scope 3 emissions breakdown reveals that purchased goods and services account for about 483,620,000 kg CO2e, highlighting the importance of upstream supply chain emissions in their overall carbon footprint. TOHO TITANIUM has set ambitious climate commitments, aiming for a 40% reduction in CO2 emissions by 2030 compared to 2018 levels, with a long-term goal of achieving carbon neutrality by 2050. These targets apply to both Scope 1 and Scope 2 emissions, reflecting a comprehensive approach to their climate strategy. The emissions data for 2022 indicated a total of approximately 575,000,000 kg CO2e, with Scope 1 and 2 emissions combined at about 208,000,000 kg CO2e. This shows a slight decrease in total emissions from 2022 to 2023, suggesting progress towards their reduction targets. The data reported by TOHO TITANIUM is cascaded from its parent company, Toho Titanium Co., Ltd., which is responsible for the overall emissions reporting and climate initiatives. The company is actively engaged in industry-standard climate initiatives, including participation in CDP and CA100, further demonstrating its commitment to sustainability and climate action.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 |
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TOHO TITANIUM COMPANY LIMITED's Scope 3 Categories Breakdown
TOHO TITANIUM COMPANY LIMITED's Scope 3 emissions, which decreased by 4% last year and increased by approximately 18% since 2021, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 63% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 138% of Scope 3 emissions.
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TOHO TITANIUM COMPANY LIMITED's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
TOHO TITANIUM COMPANY LIMITED has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
