In 2023, Mitsubishi Heavy Industries 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 Heavy Industries has also provided a category-level breakdown for 8 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 | 130,000a | 137,000a | 172,000a | |
Total Scope 2 | ||||
Market-Based | 402,000a | 378,000a | 382,000a | |
Location-Based | 431,000a | 429,000a | 419,000a | |
Total Scope 3 | 850,169,000a | 1,236,530,000a | 1,578,348,000a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 4.1201a | 4.3305a | 5.1278a |
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In 2023, the total operational greenhouse gas (GHG) emissions of Mitsubishi Heavy Industries amounted to 561,000 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 2022, the total operational greenhouse gas (GHG) emissions of Mitsubishi Heavy Industries decreased by 0.88%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2023, the total Scope 1 emissions of Mitsubishi Heavy Industries were 130,000 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2022), Mitsubishi Heavy Industries's Scope 1 emissions decreased by 5.11%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2023, Mitsubishi Heavy Industries reported Scope 2 greenhouse gas (GHG) emissions of 402,000 tCO₂e using the market-based method and 431,000 tCO₂e using the location-based method.a
Compared to the previous year (2022), Mitsubishi Heavy Industries's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Mitsubishi Heavy Industries's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2023, Mitsubishi Heavy Industries reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2023, Mitsubishi Heavy Industries reported 850,169,000 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 2023 disclosure of Mitsubishi Heavy Industries includes a breakdown across 8 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, Mitsubishi Heavy Industries reported total Scope 3 emissions of 850,169,000 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 0.96% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.04% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Mitsubishi Heavy Industries's Scope 3 emissions have decreased by 43.32%, reflecting a declining long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2022), Mitsubishi Heavy Industries's Scope 3 emissions decreased by 31.25%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2023, Mitsubishi Heavy Industries reported emissions for 8 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 Mitsubishi Heavy Industries's Scope 3 emissions were:a
In 2023, Mitsubishi Heavy Industries reported Scope 1 greenhouse gas (GHG) emissions of 130,000 tCO₂e and total revenues of USD 31,553 millions. This translates into an emissions intensity of 4.12 tCO₂e per millions USD.a
In 2023, Mitsubishi Heavy Industries reported a Scope 1 emissions intensity of 4.12 tCO₂e per millions USD. Compared to the peer group median of 3.37, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2023, Mitsubishi Heavy Industries ranked 15 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Mitsubishi Heavy Industries is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2023, Mitsubishi Heavy Industries reported a total carbon footprint of 850,730,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 31.23% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Mitsubishi Heavy Industries's total carbon footprint was Scope 3 emissions, accounting for 99.93% of the company's total carbon footprint, followed by Scope 2 emissions at 0.05%.a