- Declining working population in Japan
- Intensifying competition with other manufacturers
- Compliance with various laws and regulations (EUDR)
- Maintaining profitability while investing in sustainability initiatives
- Low ratio of female managers
- Maintaining stable supply of raw materials
- Water stress in some production regions
- Potential decline in demand for ICE car belts due to electrification
Mitsuboshi Belting Ltd.
Greenhouse gas emissions & sustainability report data
In its 2024 reporting, Mitsuboshi Belting Ltd. disclosed greenhouse gas emissions of 26.3K tCO2e (FY2023). By scope: Scope 1: 16.3K tCO2e (FY2023); Scope 2: 10.0K tCO2e (FY2023); Scope 3: 122.2K tCO2e (FY2023). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
26.3K tCO2e (FY2023)
2024
Renewable Energy
9.1% (FY2023)
of total energy
Water Usage
695.0K m3 (FY2023 eight sites in Japan)
2024
Waste
7.2K tons (FY2023)
2024
📊 Emissions by Scope (2024)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 16.3K tCO2e (FY2023) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 10.0K tCO2e (FY2023) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 122.2K tCO2e (FY2023) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- CO2 emissions reduction of 35% compared to FY2013 (exceeding the 22% target)
- Renewable energy introduction ratio increased to 9.1% in FY2023 from 0.1% in FY2021
- Development and sale of belts using up to 70% non-fossil or recycled materials
- Water withdrawal reduction rate at sites in Japan: 20.8% compared to FY2021
- Water withdrawal reduction rate at overseas sites: 12.6% compared to FY2021
- Industrial waste landfill ratio: 0.1%
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce water consumption by 50% by 2030 (Japan sites)
- Maintain water withdrawal intensity at overseas sites (base year: FY2021)
- Increase the ratio of female managers to 5% or more by FY2026, 10% or more by FY2030 (non-consolidated)
📅 Medium-term
- Reduce CO2 emissions by 46% compared to FY2013 (Scope 1&2 at 8 sites in Japan) by 2030
- Achieve 70% sustainable raw material ratio by 2030
- Increase the ratio of female managers to 10% or more by FY2030 (non-consolidated)
🔭 Long-term
- Achieve carbon neutrality by 2050 (eight sites in Japan)
🌱 ESG Focus Areas
Climate ChangeBiodiversity ConservationWater Resources ConservationRespect for Human RightsValue Chain ManagementPartnerships with Local CommunitiesDecarbonizationDevelopment of Eco-Friendly ProductsResource RecyclingDE&I