- Decreased demand in industrial machinery business due to global turmoil and delayed capital investment
- Higher cost-to-sales ratio due to decreased revenue
- Increased SG&A ratio due to growth measures
- Profitability of automotive and transportation business
- Geopolitical risks and supply chain disruptions
- Labor shortages
- Intense competition to secure excellent talent
- Major quality incidents
- Stricter environmental regulations
- Major environmental incidents
THK CO., LTD.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, THK CO., LTD. disclosed greenhouse gas emissions of 85.1K tCO2e/year (Japan and Group companies in Japan). By scope: Scope 1: 7.8K tCO2e/year; Scope 2: 60.4K tCO2e/year. 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
85.1K tCO2e/year (Japan and Group companies in Japan)
2023
📊 Emissions by Scope (2023)
| 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). | 7.8K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 60.4K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 85.1K tCO2e/year (Japan and Group companies in Japan) |
| 2022 | 76.1K t-CO2e/year (Scope 1 and 2) |
| 2020 | 152.9K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced CO2 emissions to 85,103 tons (20% reduction from 2018 baseline and 17% reduction from 2022)
- Increased solar power generation to 10,875 MWh (159% increase over 2022)
- Achieved zero emissions rate of 0.12%
🎯 Climate & Sustainability Targets
🔜 Short-term
- Develop and provide new products and services for various fields by 2026
📅 Medium-term
- Reduce Scope 1 and 2 CO2 emissions to 50% of 2018 levels by 2030 (Japan and Group companies in Japan)
- Achieve an ROE of 17% by 2026
- Consolidated revenue of ¥500 billion, operating income of ¥100 billion, and EPS of ¥590 by 2026
🔭 Long-term
- Achieve net-zero CO2 emissions by 2050 (Entire THK Group)
🌱 ESG Focus Areas
Solving social issues through innovationDecarbonization and realization of a recycling-oriented societyRealization of a diverse and meaningful work environmentStrengthening of a sustainable value creation platformQuality and safety of productsClimate changeSustainable procurementRecycling and conserving resourcesManaging harmful substancesRespecting and considering human rightsPromoting diversityOccupational health and safetyTalent developmentCorporate governanceComplianceRisk managementInformation security