Yokogawa Electric Sustainability Profile
Yokogawa Electric Corporation, commonly known as Yokogawa, is a leading global provider of industrial automation, test and measurement solutions, headquartered in Japan. Founded in 1915, the company has established a strong presence in key operational regions, including Asia, Europe, and North America, serving various industries such as oil and gas, chemicals, and power generation. Yokogawa is renowned for its innovative core products, including advanced process control systems, field instruments, and software solutions that enhance operational efficiency and safety. The company’s commitment to quality and technological advancement has positioned it as a trusted partner in the industrial sector. With a rich history of milestones, Yokogawa continues to achieve notable recognition for its contributions to automation and digital transformation, solidifying its market leadership.
DitchCarbon Score
How does Yokogawa Electric'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 Electrical Machinery Manufacturing 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
Yokogawa Electric's score of 52 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Yokogawa Electric's reported carbon emissions
In 2023, Yokogawa Electric Corporation reported total greenhouse gas emissions of approximately 644,219,000 kg CO2e. This figure includes Scope 1 emissions of about 11,966,000 kg CO2e, Scope 2 emissions of approximately 45,409,000 kg CO2e, and a significant contribution from Scope 3 emissions, which totalled around 644,219,000 kg CO2e. Notably, the largest components of Scope 3 emissions were from purchased goods and services (approximately 274,575,000 kg CO2e) and the use of sold products (about 287,131,000 kg CO2e). Yokogawa has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 emissions by 50% by FY2030 from a FY2019 baseline. Additionally, the company targets a 30% reduction in absolute Scope 3 emissions from purchased goods and services and the use of sold products within the same timeframe. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect a commitment to limiting global warming to 1.5°C. Furthermore, Yokogawa has pledged to achieve net-zero emissions by 2050, focusing on the balance of emissions and greenhouse gas absorption through renewable energy and energy efficiency measures. This long-term goal underscores the company's dedication to combating climate change and enhancing sustainability within its operations.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 35,867,000 | - | - | - | - | - | - | - | 000,000,000 |
How Carbon Intensive is Yokogawa Electric's Industry?
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Yokogawa Electric's Scope 3 Categories Breakdown
Yokogawa Electric's Scope 3 emissions, which increased significantly last year and increased significantly since 2015, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 45% of Scope 3 emissions.
Top Scope 3 Categories
Yokogawa Electric'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.
Yokogawa Electric has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Yokogawa Electric's sustainability data and climate commitments