Rakuten Bank Ltd

Common Name
Rakuten Bank
Country
Japan
Sector
Financial Services
Industry
Banks - Regional
Employees
1,076
Ticker
5838
Exchange
TOKYO STOCK EXCHANGE
Description
Rakuten Bank Ltd. is a prominent financial services entity in Japan, operating primarily as an online banking institution. A subsidiary of Rakuten Group, well-known for its e-commerce and digital ecos...

Rakuten Bank's GHG Emissions Data Preview

In 2023, Rakuten Bank 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).

Rakuten Bank 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 Rakuten Bank’s Greenhouse Gas (GHG) Emissions Data

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a. Rakuten Bank's ESG Data Spreadsheet 2023
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Insights into Rakuten Bank's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Rakuten Bank amounted to 8,408,807 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 Rakuten Bank increased by 79.79%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Rakuten Bank's Scope 1 Emissions Over Time

20212022202302.5 M5 M7.5 M10 MtCO2e+1854%+80%
  • Total Scope 1
  • Year-over-Year Change

What are Rakuten Bank's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Rakuten Bank were 8,407,135 metric tons of CO₂ equivalent (tCO₂e). a

Has Rakuten Bank reduced its Scope 1 emissions over time?

Since 2021, Rakuten Bank's Scope 1 emissions have increased by 3,412.79%, reflecting a rising long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), Rakuten Bank's Scope 1 emissions increased by 79.81%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Rakuten Bank's Scope 2 emissions?

In 2023, Rakuten Bank reported Scope 2 greenhouse gas (GHG) emissions of 0 tCO₂e using the market-based method and 1,672 tCO₂e using the location-based method. a

Has Rakuten Bank reduced its Scope 2 emissions over time?

Since 2021, Rakuten Bank's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have remained relatively stable, indicating that Rakuten Bank 's emissions have plateaued with no significant change in its energy consumption footprint. a

Compared to the previous year (2022), Rakuten Bank's Scope 2 emissions (Location-Based) rose by 21.25% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a

What methodology does Rakuten Bank use for Scope 2 reporting?

In 2023, Rakuten Bank reported its Scope 2 emissions using the market-based method and using the location-based method. a

Rakuten Bank's Scope 2 Emissions Over Time

20212022202304509001.35 k1.8 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Rakuten Bank's Value Chain Emissions

In 2023, Rakuten Bank reported 8,407,135 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 Rakuten Bank 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

Rakuten Bank's Scope 3 Emissions Over Time

20212022202302.5 M5 M7.5 M10 MtCO2e+1864%+80%
  • Total Scope 3
  • Year-over-Year Change

What are Rakuten Bank's Scope 3 emissions?

In 2023, Rakuten Bank reported total Scope 3 emissions of 8,407,135 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 1.32% of these emissions originated from upstream activities such as purchased goods and capital goods, while 98.68% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Rakuten Bank reduced its Scope 3 emissions over time?

Since 2021, Rakuten Bank's Scope 3 emissions have increased by 3,431.19%, reflecting a rising long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2022), Rakuten Bank's Scope 3 emissions increased by 79.82%, suggesting that the company faced challenges in reducing emissions across its value chain. a

What categories of Scope 3 emissions does Rakuten Bank disclose?

In 2023, Rakuten Bank 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 Rakuten Bank's Scope 3 emissions?

In 2023, the largest contributors to Rakuten Bank's Scope 3 emissions were: a

  • Investments (Cat. 15): 8,296,390 tCO₂e (98.68%)
  • Purchased Goods and Services (Cat. 1): 97,122 tCO₂e (1.16%)
  • Capital Goods (Cat. 2): 12,198 tCO₂e (0.15%)

Rakuten Bank's Scope 3 Emissions by Categories

Investments(Cat. 15)(98.7%)Purchased Goods andServices (Cat. 1)(1.2%)

Insights into Rakuten Bank's Total Carbon Footprint

In 2023, Rakuten Bank reported a total carbon footprint of 16,815,942 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 79.8% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Rakuten Bank's total carbon footprint was Scope 1 emissions, accounting for 50% of the company's total carbon footprint, followed by Scope 3 emissions at 50%. a

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