- Geopolitical risks (Russia's invasion of Ukraine, US-China conflict)
- Exchange rate fluctuations and rising raw material prices
- Intensification of labor shortages and hollowing out of the manufacturing sector in Japan
- Reduced demand for products due to growing environmental consciousness
- Intensified competition and sharp drop in demand for fossil fuel-derived electric power
- Difficulty complying with environmental regulatory tightening
- Supply chain disruptions
- Cybersecurity threats
- Legal/regulatory violations
Mitsubishi Heavy Industries (MHI) Group
Greenhouse gas emissions & sustainability report data
In its 2023-03-31 reporting, Mitsubishi Heavy Industries (MHI) Group disclosed greenhouse gas emissions of 530 kilotons (Scopes 1 & 2). By scope: Scope 1: 168 kilotons (2019); Scope 2: 362 kilotons (2019); Scope 3: approximately 1.2 billion tons (2022). 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
530 kilotons (Scopes 1 & 2)
2023-03-31
Water Usage
6.9K thousand m3
2023-03-31
Energy Use
1.9K GWh
2023-03-31
📊 Emissions by Scope (2023-03-31)
| 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). | 168 kilotons (2019) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 362 kilotons (2019) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | approximately 1.2 billion tons (2022) |
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 |
|---|---|
| 2023-03-31 | 530 kilotons (Scopes 1 & 2) |
| 2021-04 to 2022-03 | 342.0K tCO2e (Scope 1 & 2) |
| 2021 | 547 kilotons (2020); 49,130 kilotons (reduction in CO2 from using MHI’s products) |
| 2020-04 to 2021-03 | 550.0K tCO2e (Scope 1 & 2) |
| 2019-04 to 2020-03 | 710.0K tCO2e/year (2019 MHI non-consolidated) |
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 (Scopes 1 and 2) by 45% compared to 2014 levels in 2022.
- Reduced CO2 emissions across the entire value chain (Scope 3 + CCUS contribution) by 10% compared to 2019 levels in 2022.
- Achieved the world's top market share in commercial flue gas CO2 capture plants on a capacity basis.
- Successfully completed the world’s largest hydrogen mixed firing validation test with 20% hydrogen.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce CO2 emissions (Scopes 1 and 2) by 50% by 2030 (compared to 2014 levels).
- Reduce CO2 emissions across the entire value chain (Scope 3 + CCUS contribution) by 50% by 2030 (compared to 2019 levels).
📅 Medium-term
- Increase the ratio of women on the Board of Directors to at least 30% by 2030.
- Double the ratio of women in management positions by 2030 (compared to FY2021).
🔭 Long-term
- Achieve Net Zero CO2 emissions from its operations by 2040 (Scopes 1 and 2).
- Achieve Net Zero CO2 emissions from its entire value chain by 2040 (Scope 3 + reduction through CCUS).
🌱 ESG Focus Areas
Climate ChangeDiversity & InclusionGovernanceEmployee EngagementSupply Chain Sustainability