In 2024, Yamato Holdings 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).
Yamato Holdings 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) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 649,522a | 656,732a | 659,537a | |
Total Scope 2 | ||||
Market-Based | 129,513a | 166,350a | 200,674a | |
Location-Based | 255,775a | 258,373a | 257,639a | |
Unspecified Calculation Method | N/A | N/A | N/A | |
Total Scope 3 | 2,417,091a | 2,218,292a | 2,215,691a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 55.9321a | 48.5805a | 44.8687a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Yamato Holdings amounted to 905,297 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 Yamato Holdings decreased by 1.07%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Yamato Holdings were 649,522 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Yamato Holdings's Scope 1 emissions have decreased by 1.77%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Yamato Holdings's Scope 1 emissions decreased by 1.1%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Yamato Holdings reported Scope 2 greenhouse gas (GHG) emissions of 129,513 tCO₂e using the market-based method and 255,775 tCO₂e using the location-based method.a
Compared to the previous year (2023), Yamato Holdings's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Yamato Holdings's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Yamato Holdings reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Yamato Holdings reported 2,417,091 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 Yamato Holdings includes a breakdown across 9 of the 15 Scope 3 categories defined by the GHG Protocol, up from 8 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, Yamato Holdings reported total Scope 3 emissions of 2,417,091 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 98.21% of these emissions originated from upstream activities such as purchased goods and capital goods, while 1.79% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Yamato Holdings's Scope 3 emissions have increased by 40.81%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Yamato Holdings's Scope 3 emissions remained relatively stable, indicating that Yamato Holdings's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Yamato Holdings 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.
In 2024, the largest contributors to Yamato Holdings's Scope 3 emissions were:a
In 2024, Yamato Holdings reported Scope 1 greenhouse gas (GHG) emissions of 649,522 tCO₂e and total revenues of USD 11,613 millions. This translates into an emissions intensity of 55.93 tCO₂e per millions USD.a
In 2024, Yamato Holdings reported a Scope 1 emissions intensity of 55.93 tCO₂e per millions USD. Compared to the peer group median of 34.94, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Yamato Holdings ranked 15 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Yamato Holdings is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Yamato Holdings reported a total carbon footprint of 3,322,388 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 6.03% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Yamato Holdings's total carbon footprint was Scope 3 emissions, accounting for 72.75% of the company's total carbon footprint, followed by Scope 1 emissions at 19.55%.a