Daiwa Securities Group

Investment Banking & Brokerage

8601.T

JPY 903 0.08

Share price

$ 8.8 bn

Market Cap

$ 8.8 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.09x the weighted average for S&P 500

FY2021

Primary Climate Goal

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

Stronger than the -8% weighted average for S&P 500

FY2022

Daiwa Securities Group aims to achieve net zero for Scope 1 + 2 by 2030

This target has not been verified as science based according to SBTi

Secondary Climate Goal

Proj. YOY change in GHG emissions (Scope 3)

Weaker than the -6.2% weighted average for S&P 500

FY2022

Daiwa Securities Group aims to achieve net zero for Scope 3 by 2050

This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

Daiwa Securities Group reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 March 2021 at 27 Kt (-5.5 /-17.1% y-o-y).

Daiwa Securities Group's Scope 3 emissions tumbled to 3 Kt (-2.9 /-48.9% y-o-y). The decline accelerated compared to the CAGR of -20.2% since 1Q'19.

The company is committed to achieving net zero for Scope 1 + 2 by 2030, which translates into the estimated reduction of -3 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to achieving net zero for Scope 3 by 2050, which translates into the estimated reduction of -0.1 Kt per annum over the period of FY2022 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q1	27	0.84	26	3
2020Q1	32	0.87	31	5.9
2019Q1	32	0.94	31	5.9
2018Q1	34	1	33	5.3
2017Q1	36	1	35	3.5
2016Q1	37	1	36	2.2