Rinnai Corp

Common Name
Rinnai
Country
Japan
Sector
Consumer Cyclical
Industry
Furnishings, Fixtures & Appliances
Employees
10,980
Ticker
5947
Exchange
TOKYO STOCK EXCHANGE
Description
Rinnai Corporation specializes in the manufacture and sale of a diverse range of heating appliances and equipment. Renowned for its innovative approach, Rinnai is a significant player in the global ma...

Rinnai's GHG Emissions Data Preview

In 2023, Rinnai 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).

Rinnai has also provided a category-level breakdown for 9 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 Rinnai’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 Rinnai’s data sources below and access millions more through our Disclosure Search.

a. Rinnai's Integrated Report 2023
a. Rinnai's Integrated Report 2023
b. Rinnai's Integrated Report 2022
b. Rinnai's Integrated Report 2022

Insights into Rinnai's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Rinnai amounted to 104,600 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 Rinnai increased by 0.09%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Rinnai's Scope 1 Emissions Over Time

20192020202120222023015 k30 k45 k60 ktCO2e-9%-4%+2%+1%
  • Total Scope 1
  • Year-over-Year Change

What are Rinnai's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Rinnai were 36,437 metric tons of CO₂ equivalent (tCO₂e). a

Has Rinnai reduced its Scope 1 emissions over time?

Since 2019, Rinnai's Scope 1 emissions have decreased by 9.48%, reflecting a declining long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), Rinnai's Scope 1 emissions increased by 1.38%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Rinnai's Scope 2 emissions?

In 2023, Rinnai reported Scope 2 greenhouse gas (GHG) emissions of 69,243 tCO₂e using the market-based method and 68,163 tCO₂e using the location-based method. a

Has Rinnai reduced its Scope 2 emissions over time?

Since 2019, Rinnai's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 10.92%, reflecting a declining long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2022), Rinnai's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Rinnai 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Rinnai use for Scope 2 reporting?

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

Rinnai's Scope 2 Emissions Over Time

20192020202120222023020 k40 k60 k80 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Rinnai's Value Chain Emissions

In 2023, Rinnai reported 15,803,008 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 Rinnai includes a breakdown across 9 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

Rinnai's Scope 3 Emissions Over Time

2019202020212022202304 M8 M12 M16 MtCO2e-3%0%-14%+61%
  • Total Scope 3
  • Year-over-Year Change

What are Rinnai's Scope 3 emissions?

In 2023, Rinnai reported total Scope 3 emissions of 15,803,008 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 7.58% of these emissions originated from upstream activities such as purchased goods and capital goods, while 92.42% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Rinnai reduced its Scope 3 emissions over time?

Since 2019, Rinnai's Scope 3 emissions have increased by 34.63%, reflecting a rising long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2022), Rinnai's Scope 3 emissions increased by 61.38%, suggesting that the company faced challenges in reducing emissions across its value chain. a

What categories of Scope 3 emissions does Rinnai disclose?

In 2023, Rinnai reported emissions for 9 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 Rinnai's Scope 3 emissions?

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

  • Use of Sold Products (Cat. 11): 14,597,287 tCO₂e (92.37%)
  • Purchased Goods and Services (Cat. 1): 1,072,825 tCO₂e (6.79%)
  • Capital Goods (Cat. 2): 85,666 tCO₂e (0.54%)

Rinnai's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(6.8%)Use of Sold Products(Cat. 11)(92.4%)

Insights into Rinnai’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Rinnai reported Scope 1 greenhouse gas (GHG) emissions of 36,437 tCO₂e and total revenues of USD 3,192 millions. This translates into an emissions intensity of 11.41 tCO₂e per millions USD. a

Rinnai's Scope 1 Emissions Intensity Compared to Peers

2050010,000200,0005,000,000Scope 1 Emissions (tCO2e)2001,0005,00050,000200,000Revenues (Millions of USD)NKNTRAFSNNNitori HoldingsYear: 2022Scope 1: 31,997 tCO2eRevenue: $M 7,022Scope 1 Intensity: 4.56 tCO2e/$MKKK'S HoldingsYear: 2023Scope 1: 20,492 tCO2eRevenue: $M 5,535Scope 1 Intensity: 3.70 tCO2e/$MNSKYear: 2023Scope 1: 102,000 tCO2eRevenue: $M 7,043Scope 1 Intensity: 14.48 tCO2e/$MZOZOYear: 2023Scope 1: 34 tCO2eRevenue: $M 1,377Scope 1 Intensity: 0.02 tCO2e/$MNNNOKYear: 2024Scope 1: 57,000 tCO2eRevenue: $M 4,956Scope 1 Intensity: 11.50 tCO2e/$MYamahaYear: 2024Scope 1: 20,000 tCO2eRevenue: $M 3,056Scope 1 Intensity: 6.54 tCO2e/$MTTToyoda GoseiYear: 2022Scope 1: 106,200 tCO2eRevenue: $M 6,804Scope 1 Intensity: 15.61 tCO2e/$MRRRengoYear: 2023Scope 1: 1,069,000 tCO2eRevenue: $M 6,352Scope 1 Intensity: 168.30 tCO2e/$MDaiichikoshoYear: 2022Scope 1: 8,089 tCO2eRevenue: $M 777Scope 1 Intensity: 10.41 tCO2e/$MGS YuasaYear: 2022Scope 1: 66,952 tCO2eRevenue: $M 3,541Scope 1 Intensity: 18.91 tCO2e/$MMercariYear: 2024Scope 1: 353 tCO2eRevenue: $M 1,166Scope 1 Intensity: 0.30 tCO2e/$MAAABC-MartYear: 2023Scope 1: 122 tCO2eRevenue: $M 2,129Scope 1 Intensity: 0.06 tCO2e/$MSanrioYear: 2023Scope 1: 1,598 tCO2eRevenue: $M 545Scope 1 Intensity: 2.93 tCO2e/$MKotobuki SpiritsYear: 2024Scope 1: 3,388 tCO2eRevenue: $M 1,846Scope 1 Intensity: 1.84 tCO2e/$MFFFPYear: 2023Scope 1: 8,842 tCO2eRevenue: $M 1,586Scope 1 Intensity: 5.57 tCO2e/$MTS TechYear: 2023Scope 1: 7,083 tCO2eRevenue: $M 3,072Scope 1 Intensity: 2.31 tCO2e/$MMazda MotorYear: 2024Scope 1: 83,000 tCO2eRevenue: $M 31,879Scope 1 Intensity: 2.60 tCO2e/$MNissan MotorYear: 2024Scope 1: 442,000 tCO2eRevenue: $M 83,768Scope 1 Intensity: 5.28 tCO2e/$MSankyoYear: 2023Scope 1: 935 tCO2eRevenue: $M 1,181Scope 1 Intensity: 0.79 tCO2e/$MTakashimayaYear: 2022Scope 1: 19,910 tCO2eRevenue: $M 6,585Scope 1 Intensity: 3.02 tCO2e/$MSkylark HoldingsYear: 2023Scope 1: 103,984 tCO2eRevenue: $M 2,509Scope 1 Intensity: 41.45 tCO2e/$MAsicsYear: 2024Scope 1: 3,262 tCO2eRevenue: $M 4,322Scope 1 Intensity: 0.75 tCO2e/$MSSSumitomo Rubber IndustriesYear: 2023Scope 1: 363,000 tCO2eRevenue: $M 8,325Scope 1 Intensity: 43.60 tCO2e/$MNHK SpringYear: 2022Scope 1: 43,000 tCO2eRevenue: $M 4,810Scope 1 Intensity: 8.94 tCO2e/$MRinnaiYear: 2023Scope 1: 36,437 tCO2eRevenue: $M 3,192Scope 1 Intensity: 11.41 tCO2e/$M

How does Rinnai's GHG emissions intensity compare to its peers?

In 2023, Rinnai reported a Scope 1 emissions intensity of 11.41 tCO₂e per millions USD. Compared to the peer group median of 4.92 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Rinnai rank on GHG emissions intensity within its industry?

In 2023, Rinnai ranked 18 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Rinnai is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into Rinnai's Total Carbon Footprint

In 2023, Rinnai reported a total carbon footprint of 15,907,608 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 60.74% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Rinnai's total carbon footprint was Scope 3 emissions, accounting for 99.34% of the company's total carbon footprint, followed by Scope 2 emissions at 0.43%. a

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