Hitachi Construction Machinery
Primary Climate Goal
Hitachi Construction Machinery's target annual Scope 1 + 2 emissions for 2031 should be equal to 232 Kt = 45% * 421 Kt, according to the company's stated climate goal.
In order to achieve this goal, Hitachi Construction Machinery would need to reduce its emissions at least by -6.5 Kt per annum over the period from 2022 to 2031:
-6.5 Kt = ( 232 Kt - 297 Kt ) / (2031 - 2021)
This translates into a -2.2% reduction in 2022.
The projected range shown on the chart is based on the Exerica's algorithm which takes account of both the company's stated goal and its past performance.
Hitachi Construction Machinery aims to reduce Scope 1 + 2 by 45% by 2031 from a base year 2011
Science Based Targets initiative In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
GHG emissions and Carbon intensity
Hitachi Construction Machinery reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 March 2021 at 297 Kt (-29 /-8.8% y-o-y).
Hitachi Construction Machinery's Scope 3 emissions fell to 17,530 Kt (
The company is committed to reducing Scope 1 + 2 by 45% by 2031 from a base year 2011, which translates into the estimated reduction of -6.5 Kt per annum over the period of FY2022 - FY2031. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
Hitachi Construction Machinery also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Japanese construction equipment company Hitachi Construction Machinery commits to reduce absolute scope 1 and 2 GHG emissions 45% by 2030 from a 2010 base year. Hitachi Construction Machinery also commits to reduce absolute scope 3 GHG emissions from use of sold products 33% by 2030 from a 2010 base year.