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Modec Inc

Common Name
Modec
Country
Japan
Sector
Energy
Industry
Oil & Gas Equipment & Services
Employees
5,792
Ticker
6269
Exchange
TOKYO STOCK EXCHANGE
Description
Modec Inc. is a multinational leader in the offshore oil and gas industry, specializing in designing, constructing, and operating floating production systems, mainly focusing on Floating Production St...

Modec's GHG Emissions Data Preview

In 2024, Modec 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).

Modec has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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a
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a
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a
0000000
Total Scope 2
Market-Based
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a
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a
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0000000
Location-Based
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a
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a
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a
0000000
Total Scope 3
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a
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a
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a
0000000
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Verified Sources Behind Modec’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 Modec’s data sources below and access millions more through our Disclosure Search.

a. Modec's Webpage captured from company’s website 2024
a. Modec's Webpage captured from company’s website 2024

Insights into Modec's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofModec amounted to1,675metric 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 Modecincreased by 3.46%, suggesting that the company faced challenges in reducing its emissions from its core operations.a

Modec's Scope 1 Emissions Over Time

2020202120222023202401234tCO2e
  • Total Scope 1
  • Year-over-Year Change

What are Modec's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Modec were 0 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

What are Modec's Scope 2 emissions?

In 2024, Modec reported Scope 2 greenhouse gas (GHG) emissions of 1,472 tCOâ‚‚e using the market-based method and 1,675 tCOâ‚‚e using the location-based method.a

Has Modec reduced its Scope 2 emissions over time?

Since 2020, Modec's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have increased by 25.66%, reflecting a rising long-term trend in Scope 2 emissions over time.a

Compared to the previous year(2023), Modec's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that Modec's emissions have plateaued with no significant change in its energy consumption footprint.a

What methodology does Modec use for Scope 2 reporting?

In 2024, Modec reported its Scope 2 emissions using the market-based method and using the location-based method.a

Modec's Scope 2 Emissions Over Time

2020202120222023202404509001.35 k1.8 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Modec's Value Chain Emissions

In 2024, Modec reported 5,992,807 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of Modec includes a breakdown across 7of the 15 Scope 3 categories defined by the GHG Protocol,up from 6 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina

Modec's Scope 3 Emissions Over Time

202120222023202401.5 M3 M4.5 M6 MtCO2e+37%+8%+7%
  • Total Scope 3
  • Year-over-Year Change

What are Modec's Scope 3 emissions?

In 2024, Modec reported total Scope 3 emissions of 5,992,807 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Approximately 9.45%of these emissions originated from upstream activities such as purchased goods and capital goods, while 90.55%came from downstream activities like product use, distribution, and end-of-life treatment.a

Compared to the previous year (2023), Modec's Scope 3 emissions remained relatively stable, indicating that Modec's emissions have plateaued with no significant change in its value chain footprint.a

What categories of Scope 3 emissions does Modec disclose?

In 2024, Modec reported emissions for 7 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 Modec's Scope 3 emissions?

In 2024, the largest contributors to Modec's Scope 3 emissions were:a

  • Downstream Leased Assets (Cat. 13): 5,426,458 tCOâ‚‚e(90.55%)
  • Purchased Goods and Services (Cat. 1): 489,741 tCOâ‚‚e(8.17%)
  • Upstream Transportation and Distribution (Cat. 4): 57,043 tCOâ‚‚e(0.95%)

Modec's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(8.2%)Downstream LeasedAssets (Cat. 13)(90.6%)

Insights into Modec's Total Carbon Footprint

In 2024, Modec reported a total carbon footprint of 5,994,482 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 6.72% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a

The largest contributor to Modec's total carbon footprint was Scope 3 emissions, accounting for 99.97% of the company's total carbon footprint, followed by Scope 2 emissions at 0.03%.a

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