In 2024, Mitsui O.S.K. Lines 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).
Mitsui O.S.K. Lines has also provided a category-level breakdown for 10 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 | 10,428,320a | 10,779,837a | 10,858,677a | |
Total Scope 2 | ||||
Market-Based | 18,857a | 18,104a | 19,483a | |
Location-Based | 43,154a | 41,405a | 37,224a | |
Total Scope 3 | 8,408,714a | 7,520,128a | 7,340,812a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 970.1168a | 890.7564a | 1,043.8637a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Mitsui O.S.K. Lines amounted to 10,471,474 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 Mitsui O.S.K. Lines decreased by 3.23%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Mitsui O.S.K. Lines were 10,428,320 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Mitsui O.S.K. Lines's Scope 1 emissions have decreased by 13.03%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Mitsui O.S.K. Lines's Scope 1 emissions decreased by 3.26%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Mitsui O.S.K. Lines reported Scope 2 greenhouse gas (GHG) emissions of 18,857 tCO₂e using the market-based method and 43,154 tCO₂e using the location-based method.a
Since 2019, Mitsui O.S.K. Lines's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have remained relatively stable, indicating that Mitsui O.S.K. Lines's emissions have plateaued with no significant change in its energy consumption footprint.a
Compared to the previous year (2023), Mitsui O.S.K. Lines's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Mitsui O.S.K. Lines's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Mitsui O.S.K. Lines reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Mitsui O.S.K. Lines reported 8,408,714 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 Mitsui O.S.K. Lines includes a breakdown across 10 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, Mitsui O.S.K. Lines reported total Scope 3 emissions of 8,408,714 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 46.81% of these emissions originated from upstream activities such as purchased goods and capital goods, while 53.19% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Mitsui O.S.K. Lines's Scope 3 emissionshave remained relatively stable, indicating that Mitsui O.S.K. Lines's emissions have plateaued with no significant change in its value chain footprint.a
Compared to the previous year (2023), Mitsui O.S.K. Lines's Scope 3 emissions increased by 11.82%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Mitsui O.S.K. Lines reported emissions for 10 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 Mitsui O.S.K. Lines's Scope 3 emissions were:a
In 2024, Mitsui O.S.K. Lines reported Scope 1 greenhouse gas (GHG) emissions of 10,428,320 tCO₂e and total revenues of USD 10,750 millions. This translates into an emissions intensity of 970.12 tCO₂e per millions USD.a
In 2024, Mitsui O.S.K. Lines reported a Scope 1 emissions intensity of 970.12 tCO₂e per millions USD. Compared to the peer group median of 628.9, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Mitsui O.S.K. Lines ranked 23 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Mitsui O.S.K. Lines among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Mitsui O.S.K. Lines reported a total carbon footprint of 18,880,188 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 2.94% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Mitsui O.S.K. Lines's total carbon footprint was Scope 1 emissions, accounting for 55.23% of the company's total carbon footprint, followed by Scope 3 emissions at 44.54%.a