Hitachi Construction Machinery

Industrial Machinery
6305.T
JPY 2,830 (1.3)%
Share price
$ 4.7 bn
Market Cap
$ 7.6 bn
Enterprise Value

Carbon footprint

39 Ton
GHG emissions per $ 1 mln investment
1.4x the weighted average for S&P 500
FY2021
How is this calculated?
-8.8%
YOY change in GHG emissions
In line with the -8.7% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-2.2%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -5.1% weighted average for S&P 500
FY2022
How is this calculated?

Hitachi Construction Machinery aims to reduce Scope 1 + 2 by 45% by 2031 from a base year 2011


This target has not been verified as science based according to SBTi
Hitachi Construction Machinery's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

Hitachi Construction Machinery's GHG emissions (location-based) (Kt of CO2e)

Hitachi Construction Machinery's carbon footprint

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 (-575 /-3.2% y-o-y). This is a higher rate of decline than over the period since 1Q'19 (-2.5% CAGR).

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.

Company environmental metrics

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