Yokogawa Electric

Yokogawa Electric, a Japanese electrical machinery and apparatus company, reported total greenhouse gas emissions of approximately 780.4 million kg CO2e in 2024. This figure comprises 12.1 million kg CO2e from Scope 1 emissions, 33.8 million kg CO2e from Scope 2 emissions, and 734.8 million kg CO2e from Scope 3 emissions.

For 2023, the company reported total emissions of about 858.4 million kg CO2e, with Scope 1 at 12.0 million kg CO2e, Scope 2 at 45.4 million kg CO2e, and Scope 3 at 801.0 million kg CO2e. In 2022, total emissions were approximately 76.8 million kg CO2e, with Scope 1 at 15.4 million kg CO2e and Scope 2 at 51.7 million kg CO2e.

Yokogawa Electric has set several climate commitments, including near-term and long-term Science Based Targets initiative (SBTi) approved goals:

• Overall Net-Zero Target: The company commits to achieving net-zero greenhouse gas emissions across its entire value chain by FY2050.
• Near-Term Targets (by FY2030):
  • Reduce absolute Scope 1 and 2 GHG emissions by 90.0% from a FY2019 base year.
  • Reduce absolute Scope 3 GHG emissions from purchased goods and services and use of sold products by 30.0% from a FY2019 base year.
• Long-Term Targets (by FY2050):
  • Maintain a minimum 90.0% absolute Scope 1 and 2 GHG emissions reduction from FY2030, based on a FY2019 baseline.
  • Reduce absolute Scope 3 GHG emissions by 90.0% from a FY2019 base year.

The company has also set an interim goal to reduce Scope 1 and Scope 2 GHG emissions by 50% from FY2019 levels by FY2030. Furthermore, Yokogawa Electric aims for a 100% reduction in Scope 1 and 2 by 2030, based on a 2019 baseline, and targets a 30% reduction in combined Scope 3 Category 1 (purchased goods and services) and Category 11 (use of sold products) emissions by FY2030, relative to FY2019. By 2050, the company targets a 100% reduction across all Scope 3 categories. The company reported a 42% reduction in Scope 1 and 2 GHG emissions in 2024 compared to the 2019 baseline.