Yokogawa Electric

Yokogawa Electric's Carbon Emissions and Climate Commitments

Yokogawa Electric Corporation, a Japanese company operating in the electrical machinery and apparatus sector, has publicly stated its commitment to addressing climate change through emissions reduction targets and net-zero ambitions.

Emissions Data:

For the reporting year 2024, Yokogawa Electric reported the following emissions:

• Scope 1: Approximately 12,141,000 kg CO2e
• Scope 2: Approximately 33,783,000 kg CO2e
• Scope 3: Approximately 734,764,000 kg CO2e

The breakdown of Scope 3 emissions includes:

• Capital Goods: Approximately 32,643,000 kg CO2e
• Business Travel: Approximately 26,282,000 kg CO2e
• Employee Commute: Approximately 5,799,000 kg CO2e
• Use of Sold Products: Approximately 249,052,000 kg CO2e
• Purchased Goods and Services: Approximately 391,181,000 kg CO2e
• Waste Generated in Operations: Approximately 1,177,000 kg CO2e
• Fuel and Energy Related Activities: Approximately 11,142,000 kg CO2e
• End of Life Treatment of Sold Products: Approximately 493,000 kg CO2e
• Upstream Transportation and Distribution: Approximately 16,995,000 kg CO2e

The total reported emissions for 2024 were approximately 780,688,000 kg CO2e.

Climate Commitments and Reduction Targets:

Yokogawa Electric has set several ambitious climate targets:

• Near-Term Targets (by FY2030):

  • A 50% reduction in absolute Scope 1 and Scope 2 greenhouse gas (GHG) emissions from a FY2019 base year.
  • A 30% reduction in absolute Scope 3 GHG emissions from purchased goods and services and the use of sold products, also from a FY2019 base year.
  • A target to achieve 90% reduction in absolute Scope 1 and Scope 2 GHG emissions by FY2030 from a FY2019 base year, aiming for climate neutrality.
  • A target to reduce Scope 1 and Scope 2 emissions by 100% by FY2030.

• Long-Term Targets (by FY2050):

  • Achieve net-zero emissions across the entire value chain by FY2050.
  • Maintain a minimum 90% absolute Scope 1 and Scope 2 GHG emissions reduction from FY2030 through FY2050, based on a FY2019 base year.
  • Reduce absolute Scope 3 GHG emissions by 90% by FY2050 from a FY2019 base year.

These targets have been validated by the Science Based Targets initiative (SBTi), confirming their alignment with a 1.5°C warming scenario for scopes 1 and 2. The company is actively implementing strategies such as reducing energy consumption, increasing the use of renewable energy, and optimising energy efficiency to meet these goals. They also incorporate internal carbon pricing mechanisms and link GHG and energy metrics to executive compensation and employee performance management systems.