Kao Corporation

Personal Products

4452.T

JPY 4,983 (1.1)%

Share price

$ 18 bn

Market Cap

$ 19 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

1.7x the weighted average for S&P 500

FY2020

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

In line with the -5.1% weighted average for S&P 500

FY2021

Kao Corporation aims to reduce Scope 1 + 2 by 55% by 2030 from a base year 2017

1.5°C

Secondary Climate Goal

Proj. YOY change in GHG emissions (all Scopes)

Weaker than the -6.9% weighted average for S&P 500

FY2021

Kao Corporation aims to reduce all Scopes by 22% by 2030 from a base year 2017

1.5°C

GHG emissions and Carbon intensity

Kao Corporation reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 899 Kt (-65 /-6.7% y-o-y).

Kao Corporation's Scope 3 emissions increased marginally to 11,184 Kt (+19/+0.2% y-o-y). The performance has been erratic recently.

The company is committed to reducing Scope 1 + 2 by 55% by 2030 from a base year 2017, which translates into the estimated reduction of -42 Kt per annum over the period of FY2021 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Also, the company commits to reducing all Scopes by 22% by 2030 from a base year 2017, which translates into the estimated reduction of -234 Kt per annum over the period of FY2021 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2020Q4	899	616	283	11,184
2019Q4	964	644	320	11,165
2018Q4	1,042	652	390	11,319
2017Q4	1,062	653	409	11,423
2016Q4	1,040	649	391	11,225
2015Q4	1,072	667	405	7,450