Hokuhoku Financial Group Inc

Common Name
Hokuhoku Financial Group
Country
Japan
Sector
Financial Services
Industry
Banks - Regional
Employees
4,581
Ticker
8377
Exchange
TOKYO STOCK EXCHANGE
Description
Hokuhoku Financial Group Inc. is a prominent Japanese financial services firm engaged in providing a comprehensive range of banking solutions. The primary objective of this financial group is to deliv...

Hokuhoku Financial Group's GHG Emissions Data Preview

In 2023, Hokuhoku Financial Group 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).

Hokuhoku Financial Group has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Hokuhoku Financial Group’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Hokuhoku Financial Group’s data sources below and access millions more through our Disclosure Search.

a. Hokuhoku Financial Group's Webpage captured from company’s website 2023
a. Hokuhoku Financial Group's Webpage captured from company’s website 2023

Insights into Hokuhoku Financial Group's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Hokuhoku Financial Group amounted to 15,485 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 2022, the total operational greenhouse gas (GHG) emissions of Hokuhoku Financial Group decreased by 9.59%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Hokuhoku Financial Group's Scope 1 Emissions Over Time

2022202301.5 k3 k4.5 k6 ktCO2e-15%
  • Total Scope 1
  • Year-over-Year Change

What are Hokuhoku Financial Group's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Hokuhoku Financial Group were 3,689 metric tons of CO₂ equivalent (tCO₂e). a

Compared to the previous year (2022), Hokuhoku Financial Group's Scope 1 emissions decreased by 14.71%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Hokuhoku Financial Group's Scope 2 emissions?

In 2023, Hokuhoku Financial Group reported Scope 2 greenhouse gas (GHG) emissions of 11,796 tCO₂e without specifying the calculation method. a

Has Hokuhoku Financial Group reduced its Scope 2 emissions over time?

Compared to the previous year (2022), Hokuhoku Financial Group's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Hokuhoku Financial Group 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Hokuhoku Financial Group use for Scope 2 reporting?

In 2023, Hokuhoku Financial Group reported its Scope 2 emissions using an unspecified methodology. a

Hokuhoku Financial Group's Scope 2 Emissions Over Time

2022202303.5 k7 k10.5 k14 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Hokuhoku Financial Group's Value Chain Emissions

In 2023, Hokuhoku Financial Group reported 16,487,964 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 2023 disclosure of Hokuhoku Financial Group includes a breakdown across 9 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Hokuhoku Financial Group's Scope 3 Emissions Over Time

2022202304.5 M9 M13.5 M18 MtCO2e+1%
  • Total Scope 3
  • Year-over-Year Change

What are Hokuhoku Financial Group's Scope 3 emissions?

In 2023, Hokuhoku Financial Group reported total Scope 3 emissions of 16,487,964 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 0.48% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.52% came from downstream activities like product use, distribution, and end-of-life treatment. a

Compared to the previous year (2022), Hokuhoku Financial Group's Scope 3 emissions remained relatively stable, indicating that Hokuhoku Financial Group 's emissions have plateaued with no significant change in its value chain footprint. a

What categories of Scope 3 emissions does Hokuhoku Financial Group disclose?

In 2023, Hokuhoku Financial Group reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Hokuhoku Financial Group's Scope 3 emissions?

In 2023, the largest contributors to Hokuhoku Financial Group's Scope 3 emissions were: a

  • Investments (Cat. 15): 16,392,302 tCO₂e (99.42%)
  • Capital Goods (Cat. 2): 50,835 tCO₂e (0.31%)
  • Purchased Goods and Services (Cat. 1): 21,925 tCO₂e (0.13%)

Hokuhoku Financial Group's Scope 3 Emissions by Categories

Investments(Cat. 15)(99.4%)

Insights into Hokuhoku Financial Group’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Hokuhoku Financial Group reported Scope 1 greenhouse gas (GHG) emissions of 3,689 tCO₂e and total revenues of USD 1,229 millions. This translates into an emissions intensity of 3 tCO₂e per millions USD. a

Hokuhoku Financial Group's Scope 1 Emissions Intensity Compared to Peers

501,00050,0001,000,00050,000,000Scope 1 Emissions (tCO2e)2001,0005,00050,000200,000Revenues (Millions of USD)MSFMSK7MMMizuho Financial GroupYear: 2024Scope 1: 10,427 tCO2eRevenue: $M 19,618Scope 1 Intensity: 0.53 tCO2e/$MAozora BankYear: 2023Scope 1: 95 tCO2eRevenue: $M 794Scope 1 Intensity: 0.12 tCO2e/$MYokohama Financial GroupYear: 2023Scope 1: 782 tCO2eRevenue: $M 2,004Scope 1 Intensity: 0.39 tCO2e/$MRakuten BankYear: 2023Scope 1: 8,407,135 tCO2eRevenue: $M 605Scope 1 Intensity: 13,905.34 tCO2e/$MSSShizuoka Financial GroupYear: 2024Scope 1: 1,099 tCO2eRevenue: $M 1,518Scope 1 Intensity: 0.72 tCO2e/$MIyogin HoldingsYear: 2023Scope 1: 1,172 tCO2eRevenue: $M 1,078Scope 1 Intensity: 1.09 tCO2e/$MFFFukuoka Financial GroupYear: 2022Scope 1: 2,834 tCO2eRevenue: $M 2,003Scope 1 Intensity: 1.41 tCO2e/$MMMMebuki Financial GroupYear: 2023Scope 1: 2,742 tCO2eRevenue: $M 2,200Scope 1 Intensity: 1.25 tCO2e/$MSSSumitomo Mitsui Trust GroupYear: 2022Scope 1: 5,034 tCO2eRevenue: $M 9,493Scope 1 Intensity: 0.53 tCO2e/$MJapan Post HoldingsYear: 2024Scope 1: 473,536 tCO2eRevenue: $M 79,122Scope 1 Intensity: 5.98 tCO2e/$MJapan Exchange GroupYear: 2022Scope 1: 824 tCO2eRevenue: $M 1,112Scope 1 Intensity: 0.74 tCO2e/$MChiba BankYear: 2024Scope 1: 2,444 tCO2eRevenue: $M 1,469Scope 1 Intensity: 1.66 tCO2e/$MResona HoldingsYear: 2024Scope 1: 4,321 tCO2eRevenue: $M 5,081Scope 1 Intensity: 0.85 tCO2e/$MKKKyoto Financial GroupYear: 2024Scope 1: 1,560 tCO2eRevenue: $M 746Scope 1 Intensity: 2.09 tCO2e/$MShinkin Central BankYear: 2024Scope 1: 1,367 tCO2eRevenue: $M 1,548Scope 1 Intensity: 0.88 tCO2e/$MJapan Post BankYear: 2023Scope 1: 4,301 tCO2eRevenue: $M 11,852Scope 1 Intensity: 0.36 tCO2e/$MHachijuni BankYear: 2023Scope 1: 2,372 tCO2eRevenue: $M 1,310Scope 1 Intensity: 1.81 tCO2e/$MKyushu Financial GroupYear: 2023Scope 1: 1,562 tCO2eRevenue: $M 1,434Scope 1 Intensity: 1.09 tCO2e/$MHirogin HoldingsYear: 2023Scope 1: 1,457 tCO2eRevenue: $M 941Scope 1 Intensity: 1.55 tCO2e/$M7777 BankYear: 2024Scope 1: 1,150 tCO2eRevenue: $M 942Scope 1 Intensity: 1.22 tCO2e/$MAeon Financial ServiceYear: 2023Scope 1: 2,458 tCO2eRevenue: $M 2,854Scope 1 Intensity: 0.86 tCO2e/$MGunma BankYear: 2024Scope 1: 1,402 tCO2eRevenue: $M 1,000Scope 1 Intensity: 1.40 tCO2e/$MHokuhoku Financial GroupYear: 2023Scope 1: 3,689 tCO2eRevenue: $M 1,229Scope 1 Intensity: 3.00 tCO2e/$M

How does Hokuhoku Financial Group's GHG emissions intensity compare to its peers?

In 2023, Hokuhoku Financial Group reported a Scope 1 emissions intensity of 3 tCO₂e per millions USD. Compared to the peer group median of 1.09 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Hokuhoku Financial Group rank on GHG emissions intensity within its industry?

In 2023, Hokuhoku Financial Group ranked 21 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Hokuhoku Financial Group among the least efficient performers, with one of the highest emissions intensities in its sector. a

Insights into Hokuhoku Financial Group's Total Carbon Footprint

In 2023, Hokuhoku Financial Group reported a total carbon footprint of 16,503,449 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.39% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Hokuhoku Financial Group's total carbon footprint was Scope 3 emissions, accounting for 99.91% of the company's total carbon footprint, followed by Scope 2 emissions at 0.07%. a

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