Oriental Land Co

Oriental Land Co's reported carbon emissions

Oriental Land Co., a recreational, cultural and sporting services company headquartered in Japan, has demonstrated a growing commitment to climate action, with comprehensive greenhouse gas (GHG) emissions data and ambitious reduction targets. For the fiscal year 2024, Oriental Land reported total GHG emissions of approximately 2.69 billion kg CO2e. This figure encompasses Scope 1 emissions totalling about 63.99 million kg CO2e, Scope 2 emissions amounting to approximately 89.42 million kg CO2e, and substantial Scope 3 emissions reaching approximately 2.53 billion kg CO2e. In the preceding year, 2023, the company's combined Scope 1 and 2 emissions were approximately 162.62 million kg CO2e. Prior to that, Scope 1 and 2 emissions for 2022 were reported as approximately 173.63 million kg CO2e, and for 2021, they stood at approximately 146 million kg CO2e. Scope 3 emissions for 2021 were approximately 358.56 million kg CO2e, with significant contributions from purchased goods and services (around 146.13 million kg CO2e), capital goods (about 160.22 million kg CO2e), and fuel and energy-related activities (approximately 37.28 million kg CO2e). Oriental Land is committed to achieving net-zero GHG emissions across its value chain by FY2050. This long-term goal is supported by science-based targets set with the Science Based Targets initiative (SBTi). Specifically, the company aims to reduce absolute Scope 1 and 2 GHG emissions by 90.0% by FY2050, using FY2024 as a base year. Furthermore, Oriental Land has committed to reducing absolute Scope 3 GHG emissions by 90.0% within the same timeframe. Near-term targets are also in place, with a commitment to reduce absolute Scope 1 and 2 GHG emissions by 42.0% by FY2030 from a FY2024 base year. Additionally, the company plans to reduce absolute Scope 3 GHG emissions from purchased goods and services and capital goods by 25.0% by FY2030. These targets are recognised as being consistent with reductions required to keep warming to 1.5°C. The company's reporting also indicates that its Scope 1 and 2 targets are currently on track for both the two-year and five-year projections.