- Weak demand in the semiconductor-related market and for a wide range of industrial materials.
- Deteriorating profit margins in the petrochemical industry due to a widening supply–demand gap.
- Soaring coking coal prices and sluggish demand overseas in the carbon products subsegment.
- Need to address challenges such as carbon neutrality and circular economy.
- Restructuring is likely inevitable in the petrochemicals industry.
Mitsubishi Chemical Group Corporation
Greenhouse gas emissions & sustainability report data
In its 2023-04 to 2024-03 reporting, Mitsubishi Chemical Group Corporation disclosed greenhouse gas emissions of 14.03 million tCO2e (Scope 1+2 in 2023). 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
14.03 million tCO2e (Scope 1+2 in 2023)
2023-04 to 2024-03
Energy Use
43.4 TWh (2023)
2023-04 to 2024-03
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023-04 to 2024-03 | 14.03 million tCO2e (Scope 1+2 in 2023) |
| 2022-04 to 2023-03 | 16.6K thousand metric tons-CO2e (FY2022) |
| 2021 | 16.1K thousand t-CO2e/year (Scope 1+2) |
| 2018-04 to 2019-03 | 6.7K tCO2e (NOx) + 2700 tCO2e (SOx) + 160 tCO2e (Dust) + 4400 tCO2e (VOCs) + other GHG emissions (data not specified) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced GHG emissions by approximately 16% in fiscal 2023 compared with fiscal 2019.
- Approximately 29% reduction in GHG emissions in Japan compared with fiscal 2013.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce net debt-to-equity ratio to less than 1.0 times by fiscal 2025.
- Increase ROE target at 10% or more.
- Raise the percentage of sales revenue from sustainability-related products to 20% by fiscal 2025.
📅 Medium-term
- Achieve a 29% reduction in GHG emissions by fiscal 2030 compared with fiscal 2019.
- Achieve ROIC of between 7% to 8%.
🔭 Long-term
- Achieve carbon neutrality by 2050.
🌱 ESG Focus Areas
Carbon NeutralityCircular EconomyHuman RightsSustainable Supply ChainsGHG emissions reduction