In 2024, Mitsubishi Electric 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).
Mitsubishi Electric has also provided a category-level breakdown for 13 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 | 234,000a | 272,000a | 276,000a | |
Total Scope 2 | ||||
Market-Based | 676,000a | 679,000a | 819,000a | |
Location-Based | 837,000a | 774,000a | 885,000a | |
Total Scope 3 | 180,316,000a | 182,433,900a | 159,722,100a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 6.7397a | 7.2408a | 7.5228a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Mitsubishi Electric amounted to 1,071,000 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 Mitsubishi Electric increased by 2.39%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Mitsubishi Electric were 234,000 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Mitsubishi Electric's Scope 1 emissions have decreased by 16.43%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Mitsubishi Electric's Scope 1 emissions decreased by 13.97%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Mitsubishi Electric reported Scope 2 greenhouse gas (GHG) emissions of 676,000 tCO₂e using the market-based method and 837,000 tCO₂e using the location-based method.a
Since 2019, Mitsubishi Electric's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have remained relatively stable, indicating that Mitsubishi Electric's emissions have plateaued with no significant change in its energy consumption footprint.ab
Compared to the previous year (2023), Mitsubishi Electric's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Mitsubishi Electric's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Mitsubishi Electric reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Mitsubishi Electric reported 180,316,000 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 Mitsubishi Electric includes a breakdown across 13 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, Mitsubishi Electric reported total Scope 3 emissions of 180,316,000 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 7.06% of these emissions originated from upstream activities such as purchased goods and capital goods, while 92.94% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Mitsubishi Electric's Scope 3 emissions remained relatively stable, indicating that Mitsubishi Electric's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Mitsubishi Electric reported emissions for 13 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 Mitsubishi Electric's Scope 3 emissions were:a
In 2024, Mitsubishi Electric reported Scope 1 greenhouse gas (GHG) emissions of 234,000 tCO₂e and total revenues of USD 34,720 millions. This translates into an emissions intensity of 6.74 tCO₂e per millions USD.a
In 2024, Mitsubishi Electric reported a Scope 1 emissions intensity of 6.74 tCO₂e per millions USD. Compared to the peer group median of 10.45, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Mitsubishi Electric ranked 11 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Mitsubishi Electric is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Mitsubishi Electric reported a total carbon footprint of 181,387,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.14% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Mitsubishi Electric's total carbon footprint was Scope 3 emissions, accounting for 99.41% of the company's total carbon footprint, followed by Scope 2 emissions at 0.46%.a