- Gap between what we presently recognize as issues and the material issues we have addressed for the past two years.
- Supply-demand adjustment in green electricity businesses.
- High costs and few market incentives for energy storage in Japan.
- Competition for hydrogen and renewable energy resources.
- Concerns about greenwashing and damage to company brand.
- Difficulty in forecasting feasibility and estimated energy recovery during energy transition.
- Unavoidable cost incurred during energy transition, weakening industrial competitiveness compared to China and India.
COSMO ENERGY HOLDINGS
Greenhouse gas emissions & sustainability report data
In its 2022 reporting, COSMO ENERGY HOLDINGS disclosed greenhouse gas emissions of 6.92 million tons (FY2022). 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
6.92 million tons (FY2022)
2022
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2022 | 6.92 million tons (FY2022) |
| 2021 | 6.97 million tCO2e/year (FY2021) |
| 2020 | 6.62 million ton-CO2 |
| 2019 | 6.88 million tons (FY2019) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Transition to electricity that is virtually all from renewable energy sources at 603 sites, including directly-operated service stations
- Reduced CO2 emissions by 7.2% compared to FY2013 (target 16% reduction).
- Successful transition to electricity that is virtually all from renewable energy sources at 603 sites, including directly-operated service stations
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce GHG emissions by 30% by FY2030 (vs. FY2013)
📅 Medium-term
- Achieve 30% reduction in emissions by FY2030 (vs. FY2013)
- Produce 300,000 kiloliters of SAF per year by 2030
- Invest ¥140.0 billion in New fields over three years
- Develop 900 core digital personnel by the end of FY2025
🔭 Long-term
- Achieve net zero carbon emissions by 2050 (including Scope 3)
🌱 ESG Focus Areas
Climate change countermeasuresProvision of clean energy, products, and servicesStructural reform of profit-making businessesPromoting human resources’ success, health, and job satisfactionCommitment to compliance and sharing of philosophy and valuesStrengthening of Group risk managementDigital transformation (DX)Safe operations and stable supply