In 2024, Shin-Etsu Chemical 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).
However, Shin-Etsu Chemical has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 2,326,000a | 2,242,000a | 2,246,000b | |
Total Scope 2 | ||||
Unspecified Calculation Method | 4,443,000a | 4,303,000a | 4,367,000b | |
Total Scope 3 | 12,096,000a | 10,866,000a | 11,139,000b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 145.8628a | 106.3209a | 132.1131b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Shin-Etsu Chemical amounted to 6,769,000 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 2023, the total operational greenhouse gas (GHG) emissions of Shin-Etsu Chemical increased by 3.42%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Shin-Etsu Chemical were 2,326,000 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, Shin-Etsu Chemical's Scope 1 emissions have increased by 11.99%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Shin-Etsu Chemical's Scope 1 emissions increased by 3.75%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Shin-Etsu Chemical reported Scope 2 greenhouse gas (GHG) emissions of 4,443,000 tCO₂e without specifying the calculation method.a
Since 2021, Shin-Etsu Chemical's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 10.99%, reflecting a rising long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), Shin-Etsu Chemical's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Shin-Etsu Chemical's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Shin-Etsu Chemical reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Shin-Etsu Chemical reported 12,096,000 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 2024 disclosure of Shin-Etsu Chemical includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, down from 9 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.a
In 2024, Shin-Etsu Chemical reported total Scope 3 emissions of 12,096,000 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, Shin-Etsu Chemical's Scope 3 emissions have increased by 17.27%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Shin-Etsu Chemical's Scope 3 emissions increased by 11.32%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Shin-Etsu Chemical reported Scope 1 greenhouse gas (GHG) emissions of 2,326,000 tCO₂e and total revenues of USD 15,946 millions. This translates into an emissions intensity of 145.86 tCO₂e per millions USD.a
In 2024, Shin-Etsu Chemical reported a Scope 1 emissions intensity of 145.86 tCO₂e per millions USD. Compared to the peer group median of 420.41, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Shin-Etsu Chemical ranked 5 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Shin-Etsu Chemical among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2024, Shin-Etsu Chemical reported a total carbon footprint of 18,865,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 8.35% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Shin-Etsu Chemical's total carbon footprint was Scope 3 emissions, accounting for 64.12% of the company's total carbon footprint, followed by Scope 2 emissions at 23.55%.a