Initiatives to Reduce CO2 Emissions
Shofu is working to reduce CO2 emissions to help combat global warming, aiming to achieve carbon neutrality by 2050 and a 27% reduction in greenhouse gas emissions by 2030 (compared to FY2021 levels).
In manufacturing processes that consume large amounts of energy, we are implementing initiatives to improve energy efficiency by replacing facilities with those that contribute to energy conservation, and engaging in efficient operations. In our offices, we promote measures such as optimizing lighting and adjusting air-conditioning temperature settings. In addition, we are currently in the process of switching to LED lighting fixtures in factories and offices as a company-wide effort to reduce CO2 emissions.
In fiscal 2024, the Group's total CO2 emissions for Scope 1 and Scope 2 increased slightly by 1.7% from fiscal 2021. However, our emissions intensity relative to net sales (indexed to fiscal 2021) continued to decline.
CO2 Emissions (Scope 1 + Scope 2)
Unit: tCO2
| FY2021 | FY2022 | FY2023 | FY2024 | |
|---|---|---|---|---|
| Japan | 3,250.8 | 3,298.0 | 3,498.4 | 2,936.4 |
| Overseas | 2,032.5 | 2,027.1 | 2,292.8 | 2,435.4 |
| Total | 5,283.3 | 5,325.1 | 5,791.2 | 5,371.9 |
| Rate of Change from FY2021 | -- | 0.8 | 9.6 | 1.6 |
| Emissions Intensity Index (FY2021 = 100) |
100 | 89.5 | 87.9 | 69.9 |
FY2024 CO2 Emissions (Scope 1 and Scope 2 Breakdown)
Unit: tCO2
| Scope 1 | Scope 2 | |
|---|---|---|
| Japan | 628.5 | 2,308.0 |
| Overseas | 546.3 | 1,889.2 |
| Total | 1,174.8 | 4,197.1 |
FY2024 CO2 Emissions (Scope 1, Scope 2, and Scope 3)
We calculated Scope 3 emissions for the Shofu Group (Shofu Inc. and its domestic Group companies) in accordance with the guidelines issued by the Ministry of the Environment. For the calculation of CO2 emissions, we used the following databases and related sources.*
- Scope 1 and Scope 2: Ministry of the Environment, List of Calculation Methods and Emission Factors under the Greenhouse Gas Emissions Accounting, Reporting and Disclosure System; Ministry of the Environment, List of Emission Factors by Electric Utility
- Scope 3: Ministry of the Environment, Emission Factor Database for Calculating Greenhouse Gas Emissions of Organizations throughout the Supply Chain (ver. 3.5.1); AIST Solutions, AIST-IDEA Ver. 3.5.1
- *Based on the Ministry of the Environment's Basic Guidelines on Accounting for Greenhouse Gas Emissions throughout the Supply Chain (ver. 2.7).
| Category | Emissions (tCO2) |
Percentage of Total | Percentage within Scope 3 | Calculation Method | |
|---|---|---|---|---|---|
| Grand Total | 46,422 | 100.0% | - | ||
| Scope 1 | 629 | 1.4% | - | Calculated by multiplying fuel consumption by the applicable emission factors | |
| Scope 2 | 2,308 | 5.0% | - | Calculated by multiplying electricity consumption by the applicable emission factors | |
| Scope 3 | 43,485 | 93.6% | 100.0% | Indirect emissions other than Scope 1 and Scope 2 (Emissions by other companies related to the activities of domestic businesses) | |
| Category | 1. Purchased Goods and Services | 33,777 | 72.8% | 77.7% | Calculated by multiplying the purchase amount or weight of raw materials, etc., by the applicable emission intensity factors |
| 2. Capital Goods | 3,861 | 8.3% | 8.9% | Calculated by multiplying annual capital goods purchase amounts by the emission intensity per unit price of capital goods | |
| 3. Fuel- and Energy-Related Activities (not included in Scope 1 or 2) | 584 | 1.3% | 1.3% | Calculated by multiplying purchased fuel, electricity, and heat by the applicable emission intensity factors | |
| 4. Upstream Transportation and Distribution | 3,064 | 6.6% | 7.0% | Calculated by multiplying waste volume by emission intensity factors for each waste type | |
| 5. Waste Generated in Operations | 89 | 0.2% | 0.2% | Calculated by multiplying business travel activity data by the applicable emission intensity factors | |
| 6. Business Travel | 122 | 0.3% | 0.3% | Calculated by multiplying the number of employees by the emission intensity factor per employee | |
| 7. Employee Commuting | 295 | 0.6% | 0.7% | Calculated by applying emission intensity factors based on employee work patterns and city classifications | |
| 8. Upstream Leased Assets | 19 | 0.0% | 0.0% | Calculated by multiplying the floor area of leased buildings of domestic Group companies by the emission intensity factor per unit area | |
| 9. Downstream Transportation and Distribution | 69 | 0.1% | 0.1% | Calculated by applying a standard model for transportation mode and distance to product weight and multiplying by emission intensity factors | |
| 10. Processing of Sold Products | 0 | 0.0% | 0.0% | Processing between Group companies is calculated under Scope 1 and Scope 2 | |
| 11. Use of Sold Products | 1,007 | 2.2% | 2.3% | Calculated by setting scenarios for product useful life, usage time, and power consumption, and multiplying energy consumption during use by the applicable emission factors | |
| 12. End-of-Life Treatment of Sold Products | 284 | 0.6% | 0.7% | Calculated by multiplying product shipment volume by emission intensity factors related to waste treatment | |
| 13. Downstream Leased Assets | 0 | 0.0% | 0.0% | No activities subject to calculation | |
| 14. Franchises | 0 | 0.0% | 0.0% | No activities subject to calculation | |
| 15. Investments | 317 | 0.7% | 0.7% | Calculated by multiplying the investee's Scope 1 and Scope 2 emissions by the equity share | |
