Aica Kogyo

Aica Kogyo's Carbon Emissions and Climate Commitments

Japanese chemicals manufacturer, Aica Kogyo, reported total carbon emissions of approximately 666.1 million kg CO2e in 2023. This figure comprises 65.5 million kg CO2e from Scope 1 emissions, 82.5 million kg CO2e from Scope 2 emissions, and 518.2 million kg CO2e from Scope 3 emissions.

In 2022, Aica Kogyo's total emissions were approximately 691.1 million kg CO2e, consisting of 66.7 million kg CO2e (Scope 1), 84.0 million kg CO2e (Scope 2), and 540.5 million kg CO2e (Scope 3). This represents a decrease in total emissions of approximately 3.6% between 2022 and 2023. Looking further back, in 2021, the company's total emissions were approximately 682.0 million kg CO2e, with 65.8 million kg CO2e from Scope 1, 91.0 million kg CO2e from Scope 2, and 525.2 million kg CO2e from Scope 3.

Climate Commitments and Targets:

Aica Kogyo has set several climate targets, including:

• Net-Zero Ambition: The company aims to achieve net-zero GHG emissions for Scope 1 and Scope 2 by 2050. This involves conducting simulations and developing necessary measures from 2023 onwards.
• Near-Term Absolute Reduction Targets:
  • Reduce Scope 1 emissions by 14% from FY2022 levels by 2026.
  • Reduce Scope 2 emissions by 14% from FY2022 levels by 2026.
  • Further reduce Scope 1 emissions by 30% from FY2022 levels by 2030.
  • Further reduce Scope 2 emissions by 30% from FY2022 levels by 2030.
• Near-Term Intensity Reduction Targets:
  • Reduce GHG emissions revenue intensity for both Scope 1 and Scope 2 by 10% compared to FY2020 levels by 2026.
  • An earlier intensity target aimed to reduce GHG emissions revenue intensity for Scope 1 and Scope 2 by 10% by FY2023 (compared to FY2020).
• Long-Term Intensity Reduction Target: Reduce Scope 2 GHG emissions revenue intensity by 26% from FY2013 levels by 2030.
• Scope 3 Targets: Aica Kogyo plans to set Scope 3 emission reduction targets and formulate reduction measures by FY2026, with a materiality goal to reduce by 3%.