- Significant imbalance between electricity procurement and demand in fiscal 2023, resulting in losses.
- Mismatch between the price of electricity sold and the price of electricity procured.
- Rising fuel prices and the impact of the weak yen.
- Frequent directives to control the output of renewable energy.
- Need to increase electricity sales while offering fair prices to customers.
erex Co., Ltd.
Greenhouse gas emissions & sustainability report data
In its 2023-04 to 2024-03 reporting, erex Co., Ltd. disclosed greenhouse gas emissions of 2.1M t-CO2e/year (FY2023). By scope: Scope 1: 630.2K t-CO2e/year (FY2023); Scope 2: 3.3K t-CO2e/year (FY2023); Scope 3: 1.5M t-CO2e/year (FY2023). 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
2.1M t-CO2e/year (FY2023)
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). | 630.2K t-CO2e/year (FY2023) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 3.3K t-CO2e/year (FY2023) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 1.5M t-CO2e/year (FY2023) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Achieved complete consumption of uncertified biomass fuels by end of March 2024.
- Saiki Power Plant achieved one year of continuous operation.
- Installation of bag filters to remove fine ash from power plant exhaust gas.
- Reuse of ash from burning PKS as a cement raw material.
- Nakagusuku Biomass Power Plant uses industrial water instead of seawater for cooling.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Achieve profitability in fiscal 2024.
- Start operations at Hau Giang Biomass Power Plant (Vietnam) in December 2024.
- Operate wood pellet factories in Yen Bai and Tuyen Quang provinces (Vietnam) in early 2025.
📅 Medium-term
- Start operations at hydroelectric power plant in Cambodia in fiscal 2025.
- Achieve medium- to long-term growth targets by fiscal 2027.
- Reduce CO2 emissions by 25 million tons by 2030.
🔭 Long-term
- Achieve carbon neutrality by 2050.
🌱 ESG Focus Areas
DecarbonizationRenewable EnergyEnergy Self-Sufficiency in Southeast AsiaHuman RightsCommunity Development