In 2023, Menicon 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).
Menicon 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) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Scope 1 | 3,930a | 3,920a | 3,335c | |
Total Scope 2 | ||||
Unspecified Calculation Method | 21,310a | 18,350a | 17,645c | |
Total Scope 3 | 200,380a | 182,880a | 110,300b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 4.7505a | 4.775a | 4.2672c |
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In 2023, the total operational greenhouse gas (GHG) emissions of Menicon amounted to 25,240 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 Menicon increased by 13.34%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2023, the total Scope 1 emissions of Menicon were 3,930 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, Menicon's Scope 1 emissions have increased by 33.54%, reflecting a rising long-term trend in Scope 1 emissions over time.ac
Compared to the previous year (2022), Menicon's Scope 1 emissions remained relatively stable, indicating that Menicon's emissions have plateaued with no significant change in its operational footprint.a
In 2023, Menicon reported Scope 2 greenhouse gas (GHG) emissions of 21,310 tCO₂e without specifying the calculation method.a
Since 2020, Menicon's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 19.69%, reflecting a rising long-term trend in Scope 2 emissions over time.ac
Compared to the previous year (2022), Menicon's Scope 2 emissions (Unspecified Calculation Method) rose by 16.13% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2023, Menicon reported its Scope 2 emissions using an unspecified methodology.a
In 2023, Menicon reported 200,380 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 Menicon 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
In 2023, Menicon reported total Scope 3 emissions of 200,380 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 93.61% of these emissions originated from upstream activities such as purchased goods and capital goods, while 6.39% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2020, Menicon's Scope 3 emissions have increased by 6,715.65%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2022), Menicon's Scope 3 emissions remained relatively stable, indicating that Menicon's emissions have plateaued with no significant change in its value chain footprint.a
In 2023, Menicon 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.
In 2023, the largest contributors to Menicon's Scope 3 emissions were:a
In 2023, Menicon reported Scope 1 greenhouse gas (GHG) emissions of 3,930 tCO₂e and total revenues of USD 827 millions. This translates into an emissions intensity of 4.75 tCO₂e per millions USD.a
In 2023, Menicon reported a Scope 1 emissions intensity of 4.75 tCO₂e per millions USD. Compared to the peer group median of 4.21, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2023, Menicon ranked 16 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Menicon is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2023, Menicon reported a total carbon footprint of 225,620 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 9.98% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Menicon's total carbon footprint was Scope 3 emissions, accounting for 88.81% of the company's total carbon footprint, followed by Scope 2 emissions at 9.45%.a