- Hefty inventories in the first half of FY2024 due to a retreat in consumer confidence.
- Supply chain disruptions due to the COVID-19 pandemic and the situation in Ukraine.
- Slowdown in demand in the US market leading to operating loss in the America segment.
Rinnai Corporation
Greenhouse gas emissions & sustainability report data
In its 2023-04 to 2024-03 reporting, Rinnai Corporation disclosed greenhouse gas emissions of 13.2M tCO2e. By scope: Scope 1: 26.6K tCO2e; Scope 2: 63.5K tCO2e; Scope 3: 12.1M tCO2e. 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
13.2M tCO2e
2023-04 to 2024-03
Water Usage
816.7K m3
2023-04 to 2024-03
Waste
30.0K tons
2023-04 to 2024-03
Energy Use
1.1M GJ
2023-04 to 2024-03
📊 Emissions by Scope (2023-04 to 2024-03)
| 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). | 26.6K tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 63.5K tCO2e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 12.1M tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Increased sales of products that benefit the global environment by 74.6% compared to FY2021.
- Contributed to reducing CO₂ emissions by 5.48 million tons.
- Increased sales of ECO ONE hybrid water heater 1.6-fold year on year.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Achieve sales of $500 million in 2025 (Rinnai America).
📅 Medium-term
- Achieve sales of $700 million in 2028 (Rinnai America).
- Achieve consolidated sales of ¥450 billion and operating income of ¥50 billion in FY2026.
- Reduce CO₂ emissions by 8.2 million tons in FY2026.
- Increase sales of products contributing to improved quality of life by 100% in FY2026 (compared to FY2021).
- Increase sales of products benefiting the global environment by 70% in FY2026 (compared to FY2021).
🔭 Long-term
- Achieve carbon neutrality by 2050 (RIM 2050).
🌱 ESG Focus Areas
EnvironmentSafety and Peace of MindImproved Quality of LifeHuman CapitalDXSuppliersShareholders and Investors