In 2024, Canon completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Canon has also provided a category-level breakdown for 15 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 197,992a | 161,639b | 160,000c | |
Total Scope 2 | ||||
Market-Based | 732,929a | 754,873b | N/A | |
Location-Based | 847,121a | 874,789b | N/A | |
Unspecified Calculation Method | N/A | N/A | 861,000c | |
Total Scope 3 | 7,172,953a | 6,551,103b | 7,320,000c | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 6.8925a | 5.4678b | 5.2752c |
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In 2024, the total operational greenhouse gas (GHG) emissions of Canon amounted to 1,045,113 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Canon increased by 0.84%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
In 2024, the total Scope 1 emissions of Canon were 197,992 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2023), Canon's Scope 1 emissions increased by 22.49%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
In 2024, Canon reported Scope 2 greenhouse gas (GHG) emissions of 732,929 tCO₂e using the market-based method and 847,121 tCO₂e using the location-based method.a
Compared to the previous year (2023), Canon's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Canon's emissions have plateaued with no significant change in its energy consumption footprint.ab
In 2024, Canon reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Canon reported 7,172,953 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Canon includes a breakdown across 15 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Canon reported total Scope 3 emissions of 7,172,953 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 66.36% of these emissions originated from upstream activities such as purchased goods and capital goods, while 33.64% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Canon's Scope 3 emissionshave remained relatively stable, indicating that Canon's emissions have plateaued with no significant change in its value chain footprint.ac
Compared to the previous year (2023), Canon's Scope 3 emissions remained relatively stable, indicating that Canon's emissions have plateaued with no significant change in its value chain footprint.ab
In 2024, Canon reported emissions for 15 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This reflects a high level of granularity and transparency in the company's emissions reporting.
In 2024, the largest contributors to Canon's Scope 3 emissions were:a
In 2024, Canon reported Scope 1 greenhouse gas (GHG) emissions of 197,992 tCO₂e and total revenues of USD 28,726 millions. This translates into an emissions intensity of 6.89 tCO₂e per millions USD.a
In 2024, Canon reported a Scope 1 emissions intensity of 6.89 tCO₂e per millions USD. Compared to the peer group median of 0.37, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Canon ranked 22 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Canon among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Canon reported a total carbon footprint of 8,218,066 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 8.31% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to Canon's total carbon footprint was Scope 3 emissions, accounting for 87.28% of the company's total carbon footprint, followed by Scope 2 emissions at 10.31%.a