In 2024, Yokogawa Electric 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).
Yokogawa Electric 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 | 12,141a | 11,966a | 15,390a | |
Total Scope 2 | ||||
Market-Based | 33,783a | 45,409a | 51,695a | |
Location-Based | 60,558a | 62,041a | 56,380a | |
Total Scope 3 | 734,764a | 644,219b | 865,424c | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 3.4039a | 3.4917a | 4.8164a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Yokogawa Electric amounted to 72,699 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 Yokogawa Electric decreased by 1.77%, 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 Yokogawa Electric were 12,141 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Yokogawa Electric's Scope 1 emissions have decreased by 13.28%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Yokogawa Electric's Scope 1 emissions increased by 1.46%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Yokogawa Electric reported Scope 2 greenhouse gas (GHG) emissions of 33,783 tCO₂e using the market-based method and 60,558 tCO₂e using the location-based method.a
Since 2019, Yokogawa Electric's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have remained relatively stable, indicating that Yokogawa Electric's emissions have plateaued with no significant change in its energy consumption footprint.a
Compared to the previous year (2023), Yokogawa Electric's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Yokogawa Electric's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Yokogawa Electric reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Yokogawa Electric reported 734,764 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 Yokogawa Electric includes a breakdown across 9 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, Yokogawa Electric reported total Scope 3 emissions of 734,764 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 66.04% of these emissions originated from upstream activities such as purchased goods and capital goods, while 33.96% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Yokogawa Electric's Scope 3 emissions have decreased by 18.7%, reflecting a declining long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2023), Yokogawa Electric's Scope 3 emissions increased by 14.06%, suggesting that the company faced challenges in reducing emissions across its value chain.ab
In 2024, Yokogawa Electric 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 Yokogawa Electric's Scope 3 emissions were:a
In 2024, Yokogawa Electric reported Scope 1 greenhouse gas (GHG) emissions of 12,141 tCO₂e and total revenues of USD 3,567 millions. This translates into an emissions intensity of 3.4 tCO₂e per millions USD.a
In 2024, Yokogawa Electric reported a Scope 1 emissions intensity of 3.4 tCO₂e per millions USD. Compared to the peer group median of 3.37, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Yokogawa Electric ranked 14 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Yokogawa Electric is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Yokogawa Electric reported a total carbon footprint of 807,463 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 12.42% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to Yokogawa Electric's total carbon footprint was Scope 3 emissions, accounting for 91% of the company's total carbon footprint, followed by Scope 2 emissions at 7.5%.a