Yokohama Financial Group Inc

Common Name
Yokohama Financial Group
Country
Japan
Sector
Financial Services
Industry
Banks - Regional
Employees
5,941
Ticker
7186
Exchange
TOKYO STOCK EXCHANGE
Description
Concordia Financial Group, Ltd. stands as a prominent financial institution in Japan, primarily focusing on the banking and financial services sectors. Serving its clients through a robust network, th...

Yokohama Financial Group's GHG Emissions Data Preview

In 2023, Yokohama Financial Group 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).

Yokohama Financial Group has also provided a category-level breakdown for 10 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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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Yokohama Financial Group’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 Yokohama Financial Group’s data sources below and access millions more through our Disclosure Search.

a. Yokohama Financial Group's Integrated Report 2024
a. Yokohama Financial Group's Integrated Report 2024
b. Yokohama Financial Group's Integrated Report 2022
b. Yokohama Financial Group's Integrated Report 2022

Insights into Yokohama Financial Group's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Yokohama Financial Group amounted to 4,282 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 Yokohama Financial Group decreased by 44%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Yokohama Financial Group's Scope 1 Emissions Over Time

2019202020212022202302505007501 ktCO2e-6%-7%-1%-7%
  • Total Scope 1
  • Year-over-Year Change

What are Yokohama Financial Group's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Yokohama Financial Group were 782 metric tons of CO₂ equivalent (tCO₂e). a

Has Yokohama Financial Group reduced its Scope 1 emissions over time?

Since 2019, Yokohama Financial Group's Scope 1 emissions have decreased by 19.79%, reflecting a declining long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2022), Yokohama Financial Group's Scope 1 emissions decreased by 7.24%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Yokohama Financial Group's Scope 2 emissions?

In 2023, Yokohama Financial Group reported Scope 2 greenhouse gas (GHG) emissions of 3,500 tCO₂e without specifying the calculation method. a

Has Yokohama Financial Group reduced its Scope 2 emissions over time?

Since 2019, Yokohama Financial Group's Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have decreased by 82.99%, reflecting a declining long-term trend in Scope 2 emissions over time. a b

Compared to the previous year (2022), Yokohama Financial Group's Scope 2 emissions (Unspecified Calculation Method) fell by 48.56% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a

What methodology does Yokohama Financial Group use for Scope 2 reporting?

In 2023, Yokohama Financial Group reported its Scope 2 emissions using an unspecified methodology. a

Yokohama Financial Group's Scope 2 Emissions Over Time

2019202020212022202305.5 k11 k16.5 k22 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Yokohama Financial Group's Value Chain Emissions

In 2023, Yokohama Financial Group reported 91,712 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 Yokohama Financial Group includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, down from 9 in 2022, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions. a

Yokohama Financial Group's Scope 3 Emissions Over Time

20192020202120222023015 M30 M45 M60 MtCO2e+8%+1%+53892%-100%
  • Total Scope 3
  • Year-over-Year Change

What are Yokohama Financial Group's Scope 3 emissions?

In 2023, Yokohama Financial Group reported total Scope 3 emissions of 91,712 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Yokohama Financial Group reduced its Scope 3 emissions over time?

Since 2019, Yokohama Financial Group's Scope 3 emissions have remained relatively stable, indicating that Yokohama Financial Group 's emissions have plateaued with no significant change in its value chain footprint. a b

Compared to the previous year (2022), Yokohama Financial Group's Scope 3 emissions decreased by 99.82%, highlighting the company's efforts to lower indirect emissions from its value chain. a

What categories of Scope 3 emissions does Yokohama Financial Group disclose?

In 2023, Yokohama Financial Group reported emissions for 8 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 Yokohama Financial Group's Scope 3 emissions?

In 2023, the largest contributors to Yokohama Financial Group's Scope 3 emissions were: a

  • Purchased Goods and Services (Cat. 1): 54,520 tCO₂e (59.46%)
  • Capital Goods (Cat. 2): 25,610 tCO₂e (27.93%)
  • Fuel- and Energy-Related Services (Cat. 3): 3,651 tCO₂e (3.98%)

Yokohama Financial Group's Scope 3 Emissions by Categories

Fuel- andEnergy-RelatedServices (Cat. 3)(4.0%)Purchased Goods andServices (Cat. 1)(59.5%)Capital Goods(Cat. 2)(27.9%)

Insights into Yokohama Financial Group’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Yokohama Financial Group reported Scope 1 greenhouse gas (GHG) emissions of 782 tCO₂e and total revenues of USD 2,004 millions. This translates into an emissions intensity of 0.39 tCO₂e per millions USD. a

Yokohama Financial Group's Scope 1 Emissions Intensity Compared to Peers

501,00050,0001,000,00050,000,000Scope 1 Emissions (tCO2e)2001,0005,00050,000200,000Revenues (Millions of USD)MSFMSK7MMMizuho Financial GroupYear: 2024Scope 1: 10,427 tCO2eRevenue: $M 19,618Scope 1 Intensity: 0.53 tCO2e/$MAozora BankYear: 2023Scope 1: 95 tCO2eRevenue: $M 794Scope 1 Intensity: 0.12 tCO2e/$MRakuten BankYear: 2023Scope 1: 8,407,135 tCO2eRevenue: $M 605Scope 1 Intensity: 13,905.34 tCO2e/$MSSShizuoka Financial GroupYear: 2024Scope 1: 1,099 tCO2eRevenue: $M 1,518Scope 1 Intensity: 0.72 tCO2e/$MIyogin HoldingsYear: 2023Scope 1: 1,172 tCO2eRevenue: $M 1,078Scope 1 Intensity: 1.09 tCO2e/$MFFFukuoka Financial GroupYear: 2022Scope 1: 2,834 tCO2eRevenue: $M 2,003Scope 1 Intensity: 1.41 tCO2e/$MMMMebuki Financial GroupYear: 2023Scope 1: 2,742 tCO2eRevenue: $M 2,200Scope 1 Intensity: 1.25 tCO2e/$MSSSumitomo Mitsui Trust GroupYear: 2022Scope 1: 5,034 tCO2eRevenue: $M 9,493Scope 1 Intensity: 0.53 tCO2e/$MJapan Post HoldingsYear: 2024Scope 1: 473,536 tCO2eRevenue: $M 79,122Scope 1 Intensity: 5.98 tCO2e/$MChiba BankYear: 2024Scope 1: 2,444 tCO2eRevenue: $M 1,469Scope 1 Intensity: 1.66 tCO2e/$MResona HoldingsYear: 2024Scope 1: 4,321 tCO2eRevenue: $M 5,081Scope 1 Intensity: 0.85 tCO2e/$MKKKyoto Financial GroupYear: 2024Scope 1: 1,560 tCO2eRevenue: $M 746Scope 1 Intensity: 2.09 tCO2e/$MShinkin Central BankYear: 2024Scope 1: 1,367 tCO2eRevenue: $M 1,548Scope 1 Intensity: 0.88 tCO2e/$MJapan Post BankYear: 2023Scope 1: 4,301 tCO2eRevenue: $M 11,852Scope 1 Intensity: 0.36 tCO2e/$MHachijuni BankYear: 2023Scope 1: 2,372 tCO2eRevenue: $M 1,310Scope 1 Intensity: 1.81 tCO2e/$MKyushu Financial GroupYear: 2023Scope 1: 1,562 tCO2eRevenue: $M 1,434Scope 1 Intensity: 1.09 tCO2e/$MHirogin HoldingsYear: 2023Scope 1: 1,457 tCO2eRevenue: $M 941Scope 1 Intensity: 1.55 tCO2e/$M7777 BankYear: 2024Scope 1: 1,150 tCO2eRevenue: $M 942Scope 1 Intensity: 1.22 tCO2e/$MCredit SaisonYear: 2022Scope 1: 341 tCO2eRevenue: $M 2,976Scope 1 Intensity: 0.11 tCO2e/$MHokuhoku Financial GroupYear: 2023Scope 1: 3,689 tCO2eRevenue: $M 1,229Scope 1 Intensity: 3.00 tCO2e/$MAeon Financial ServiceYear: 2023Scope 1: 2,458 tCO2eRevenue: $M 2,854Scope 1 Intensity: 0.86 tCO2e/$MGunma BankYear: 2024Scope 1: 1,402 tCO2eRevenue: $M 1,000Scope 1 Intensity: 1.40 tCO2e/$MDaiwa Securities GroupYear: 2023Scope 1: 926 tCO2eRevenue: $M 4,553Scope 1 Intensity: 0.20 tCO2e/$MYokohama Financial GroupYear: 2023Scope 1: 782 tCO2eRevenue: $M 2,004Scope 1 Intensity: 0.39 tCO2e/$M

How does Yokohama Financial Group's GHG emissions intensity compare to its peers?

In 2023, Yokohama Financial Group reported a Scope 1 emissions intensity of 0.39 tCO₂e per millions USD. Compared to the peer group median of 1.09 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Yokohama Financial Group rank on GHG emissions intensity within its industry?

In 2023, Yokohama Financial Group ranked 5 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Yokohama Financial Group among the top performers, with one of the lowest emissions intensities relative to peers. a

Insights into Yokohama Financial Group's Total Carbon Footprint

In 2023, Yokohama Financial Group reported a total carbon footprint of 95,994 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 99.82% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to Yokohama Financial Group's total carbon footprint was Scope 3 emissions, accounting for 95.54% of the company's total carbon footprint, followed by Scope 2 emissions at 3.65%. a

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