In 2024, Toray Industries 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).
Toray Industries has also provided a category-level breakdown for 13 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 | 2,467,393a | 2,491,000a | 2,538,000a | |
Total Scope 2 | ||||
Market-Based | 2,486,731a | 2,403,940b | N/A | |
Location-Based | 2,562,371a | 2,459,650b | N/A | |
Unspecified Calculation Method | N/A | N/A | 2,355,000a | |
Total Scope 3 | 16,370,907a | 17,556,000a | 10,571,000a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 151.6119a | 133.2904a | 138.9662a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Toray Industries amounted to 5,029,764 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 Toray Industries increased by 1.6%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
In 2024, the total Scope 1 emissions of Toray Industries were 2,467,393 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, Toray Industries's Scope 1 emissions have decreased by 12.41%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Toray Industries's Scope 1 emissions remained relatively stable, indicating that Toray Industries's emissions have plateaued with no significant change in its operational footprint.a
In 2024, Toray Industries reported Scope 2 greenhouse gas (GHG) emissions of 2,486,731 tCO₂e using the market-based method and 2,562,371 tCO₂e using the location-based method.a
Compared to the previous year (2023), Toray Industries's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Toray Industries's emissions have plateaued with no significant change in its energy consumption footprint.ab
In 2024, Toray Industries reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Toray Industries reported 16,370,907 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 Toray Industries includes a breakdown across 13 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, Toray Industries reported total Scope 3 emissions of 16,370,907 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 63.98% of these emissions originated from upstream activities such as purchased goods and capital goods, while 36.02% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2020, Toray Industries's Scope 3 emissions have increased by 2,023.33%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Toray Industries's Scope 3 emissions remained relatively stable, indicating that Toray Industries's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Toray Industries reported emissions for 13 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 Toray Industries's Scope 3 emissions were:a
In 2024, Toray Industries reported Scope 1 greenhouse gas (GHG) emissions of 2,467,393 tCO₂e and total revenues of USD 16,274 millions. This translates into an emissions intensity of 151.61 tCO₂e per millions USD.a
In 2024, Toray Industries reported a Scope 1 emissions intensity of 151.61 tCO₂e per millions USD. Compared to the peer group median of 84.7, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Toray Industries ranked 19 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Toray Industries is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Toray Industries reported a total carbon footprint of 21,400,671 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 4.91% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to Toray Industries's total carbon footprint was Scope 3 emissions, accounting for 76.5% of the company's total carbon footprint, followed by Scope 2 emissions at 11.97%.a