Hitachi Construction Machinery

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.