Mitsubishi Heavy Industries Ltd

Common Name
Mitsubishi Heavy Industries
Country
Japan
Sector
Industrials
Industry
Specialty Industrial Machinery
Employees
77,274
Ticker
7011
Exchange
TOKYO STOCK EXCHANGE
Description
Mitsubishi Heavy Industries Ltd., commonly referred to as MHI, is a diversified Japanese multinational engineering, electrical equipment, and electronics company. MHI plays a crucial role in industria...

Mitsubishi Heavy Industries's GHG Emissions Data Preview

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)2023202220212020 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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0000000
Location-Based
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Mitsubishi Heavy Industries’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 Mitsubishi Heavy Industries’s data sources below and access millions more through our Disclosure Search.

a. Mitsubishi Heavy Industries's Sustainability Data Spreadsheet 2024
a. Mitsubishi Heavy Industries's Sustainability Data Spreadsheet 2024
b. Mitsubishi Heavy Industries's Annual Report 2022
b. Mitsubishi Heavy Industries's Annual Report 2022

Insights into Mitsubishi Heavy Industries's Operational Emissions

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

Mitsubishi Heavy Industries's Scope 1 Emissions Over Time

2020202120222023045 k90 k135 k180 ktCO2e+14%-20%-5%
  • Total Scope 1
  • Year-over-Year Change

What are Mitsubishi Heavy Industries's Scope 1 emissions?

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

What are Mitsubishi Heavy Industries's Scope 2 emissions?

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

Has Mitsubishi Heavy Industries reduced its Scope 2 emissions over time?

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

What methodology does Mitsubishi Heavy Industries use for Scope 2 reporting?

In 2023, Mitsubishi Heavy Industries reported its Scope 2 emissions using the market-based method and using the location-based method. a

Mitsubishi Heavy Industries's Scope 2 Emissions Over Time

20202021202220230150 k300 k450 k600 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Mitsubishi Heavy Industries's Value Chain Emissions

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

Mitsubishi Heavy Industries's Scope 3 Emissions Over Time

201920202021202220230400 M800 M1.2 B1.6 BtCO2e-52%+119%-22%-31%
  • Total Scope 3
  • Year-over-Year Change

What are Mitsubishi Heavy Industries's Scope 3 emissions?

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

Has Mitsubishi Heavy Industries reduced its Scope 3 emissions over time?

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. a b

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

What categories of Scope 3 emissions does Mitsubishi Heavy Industries disclose?

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.

What are the main sources of Mitsubishi Heavy Industries's Scope 3 emissions?

In 2023, the largest contributors to Mitsubishi Heavy Industries's Scope 3 emissions were: a

  • Use of Sold Products (Cat. 11): 842,000,000 tCO₂e (99.04%)
  • Purchased Goods and Services (Cat. 1): 7,371,000 tCO₂e (0.87%)
  • Capital Goods (Cat. 2): 650,000 tCO₂e (0.08%)

Mitsubishi Heavy Industries's Scope 3 Emissions by Categories

Use of Sold Products(Cat. 11)(99.0%)

Insights into Mitsubishi Heavy Industries’s GHG Emissions Intensity Compared to Industry Peers

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

Mitsubishi Heavy Industries's Scope 1 Emissions Intensity Compared to Peers

501,00010,000100,0002,000,000Scope 1 Emissions (tCO2e)2001,0005,00020,000200,000Revenues (Millions of USD)DHTDDDaikin IndustriesYear: 2024Scope 1: 513,738 tCO2eRevenue: $M 29,023Scope 1 Intensity: 17.70 tCO2e/$MHHHarmonic Drive SystemsYear: 2023Scope 1: 209 tCO2eRevenue: $M 537Scope 1 Intensity: 0.39 tCO2e/$MMiuraYear: 2024Scope 1: 3,198 tCO2eRevenue: $M 1,055Scope 1 Intensity: 3.03 tCO2e/$MNabtescoYear: 2023Scope 1: 4,929 tCO2eRevenue: $M 2,359Scope 1 Intensity: 2.09 tCO2e/$MKawasaki Heavy IndustriesYear: 2024Scope 1: 142,390 tCO2eRevenue: $M 12,211Scope 1 Intensity: 11.66 tCO2e/$MUlvacYear: 2023Scope 1: 6,397 tCO2eRevenue: $M 1,572Scope 1 Intensity: 4.07 tCO2e/$MJapan Steel WorksYear: 2023Scope 1: 61,000 tCO2eRevenue: $M 1,792Scope 1 Intensity: 34.04 tCO2e/$MOkumaYear: 2023Scope 1: 7,300 tCO2eRevenue: $M 1,709Scope 1 Intensity: 4.27 tCO2e/$MHoshizakiYear: 2024Scope 1: 2,192 tCO2eRevenue: $M 2,838Scope 1 Intensity: 0.77 tCO2e/$MEbaraYear: 2024Scope 1: 71,000 tCO2eRevenue: $M 5,520Scope 1 Intensity: 12.86 tCO2e/$MAzbilYear: 2023Scope 1: 4,329 tCO2eRevenue: $M 2,090Scope 1 Intensity: 2.07 tCO2e/$MYokogawa ElectricYear: 2024Scope 1: 12,141 tCO2eRevenue: $M 3,567Scope 1 Intensity: 3.40 tCO2e/$MTTToyota IndustriesYear: 2024Scope 1: 197,387 tCO2eRevenue: $M 25,312Scope 1 Intensity: 7.80 tCO2e/$MMakino Milling MachineYear: 2023Scope 1: 5,467 tCO2eRevenue: $M 1,712Scope 1 Intensity: 3.19 tCO2e/$MSMCYear: 2023Scope 1: 50,507 tCO2eRevenue: $M 6,192Scope 1 Intensity: 8.16 tCO2e/$MNGK InsulatorsYear: 2023Scope 1: 270,000 tCO2eRevenue: $M 4,198Scope 1 Intensity: 64.31 tCO2e/$MDaifukuYear: 2024Scope 1: 8,853 tCO2eRevenue: $M 4,038Scope 1 Intensity: 2.19 tCO2e/$MNidecYear: 2023Scope 1: 269,000 tCO2eRevenue: $M 16,838Scope 1 Intensity: 15.98 tCO2e/$MAmadaYear: 2024Scope 1: 6,336 tCO2eRevenue: $M 2,664Scope 1 Intensity: 2.38 tCO2e/$MUshioYear: 2023Scope 1: 3,539 tCO2eRevenue: $M 1,314Scope 1 Intensity: 2.69 tCO2e/$MHitachiYear: 2024Scope 1: 390,000 tCO2eRevenue: $M 64,241Scope 1 Intensity: 6.07 tCO2e/$MSumitomo Heavy IndustriesYear: 2023Scope 1: 36,272 tCO2eRevenue: $M 7,647Scope 1 Intensity: 4.74 tCO2e/$MIHIYear: 2024Scope 1: 57,951 tCO2eRevenue: $M 8,733Scope 1 Intensity: 6.64 tCO2e/$MFanucYear: 2024Scope 1: 56,266 tCO2eRevenue: $M 5,251Scope 1 Intensity: 10.71 tCO2e/$MTHKYear: 2023Scope 1: 7,816 tCO2eRevenue: $M 2,488Scope 1 Intensity: 3.14 tCO2e/$MMitsubishi Heavy IndustriesYear: 2023Scope 1: 130,000 tCO2eRevenue: $M 31,553Scope 1 Intensity: 4.12 tCO2e/$M

How does Mitsubishi Heavy Industries's GHG emissions intensity compare to its peers?

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 4.27 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Mitsubishi Heavy Industries rank on GHG emissions intensity within its industry?

In 2023, Mitsubishi Heavy Industries ranked 13 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

Insights into Mitsubishi Heavy Industries's Total Carbon Footprint

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

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