Environment
Environmental Targets and Performance
The Company promotes its unique and advance business with consciousness of global environment to solve social issues. Especially, climate change exerts a grave impact on the global environment, including its ecosystems, as well as on people's lives and business activities. We believe climate change constitutes a major risk confronting the Mitsubishi HC Capital Group, and simultaneously, may also bring new business opportunities. To clearly specify our policy, we are supporting recommendations by the Task Force on Climate-related Financial Disclosure (TCFD).
Furthermore, recognizing the importance to disclose climate-related financial information, we also endeavor to play our part in the realization of international targets identified by the United Nations Sustainable Development Goals (SDGs) and the Paris Agreement. To this end, we will act in collaboration with other Group companies as well as a broad range of stakeholders, including government agencies, external business corporations, and industrial associations to realize society's transition with decarbonization.
We will expand disclosure regarding climate change information based on TCFD recommendations, and emphasize to urge the environmental conscious efforts through customers' business and the efforts to reduce greenhouse gas emissions of the Group.
We have established an Environmental Policy to facilitate business activities harmonizing with environment and society.
- CDP
- Previously known as the Carbon Disclosure Project, CDP is a non-profit organization based in London and run jointly by multiple major institutional investors. CDP issues questionnaires targeting businesses and asking them for information disclosure regarding their environmental strategies, the volume of greenhouse gas (GHG) emissions and other factors. Input from respondents is compiled, analyzed, and evaluated by CDP and then disclosed to investors to aid in their investment decisions.
- Green Value Chain Platform
- TCFD
- Environmental data may include some estimated figures. Additionally, as revisions are made as appropriate to data aggregation methods, etc., some changes from previous disclosures may arise. Gaps in total figures may appear due to the treatment of decimal numbers.
Key Environmental Achievements
Consumption volume by energy type
| Category/Energy Source (Unit) |
FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | |
|---|---|---|---|---|---|---|
| Direct Energy Consumption |
Gasoline (kl) |
741 | 465 | 297 | 744 | 885 |
| 589 | 569 | 444 | ||||
| Light oil (kl) |
4 | 8 | 4 | 108 | 146 | |
| 36 | 98 | 260 | ||||
| Kerosene (kl) |
0 | 0 | 0 | 29 | 28 | |
| 0 | 55 | 51 | ||||
| Urban gas (m3) |
40,889 | 43,871 | 38,265 | 394,151 | 302,335 | |
| 386,892 | 283,812 | 340,131 | ||||
| LPG (m3) |
933 | 148 | 0 | 0 | 3,936 | |
| 19 | 0 | 0 | ||||
| LNG (m3) |
6,215 | 5,922 | 5,354 | 4,078 | 4,502 | |
| 12,877 | 6,408 | 0 | ||||
| Indirect Energy Consumption |
Energy consumption (kWh) |
4,890,270 | 4,123,155 | 4,294,672 | 14,168,540 | 13,424,687 |
| 9,717,773 | 9,278,931 | 8,874,748 | ||||
| Renewable energy consumption (kWh) |
- | - | - | 3,308,174 | 4,450,646 | |
| - | - | - | ||||
| Ratio of renewable energy | 0 | 0 | 0 | 23.3 | 33.2 | |
| Purchased steam, hot water, and cooling water (GJ) |
4,482 | 4,421 | 4,241 | 10,601 | 814 | |
| 0 | 0 | 5,145 | ||||
- Upper cells: The performance of former Mitsubishi UFJ Lease & Finance Group companies
- Lower cells: The performance of former Hitachi Capital Group companies
- The above figures pertain to the Mitsubishi HC Capital Group (consolidated basis).
Consumption volume by energy type (calorific value)
| Category/Energy Source (Unit) |
FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | |
|---|---|---|---|---|---|---|
| Direct Energy Consumption |
Gasoline (GJ) |
20,880 | 16,063 | 10,276 | 25,733 | 30,618 |
| 25,141 | 19,701 | 16,474 | ||||
| Light oil (GJ) |
421 | 721 | 421 | 10,665 | 5,519 | |
| 3,245 | 8,832 | 23,433 | ||||
| Kerosene (GJ) |
0 | 0 | 0 | 1,060 | 1,039 | |
| 0 | 2,010 | 1,864 | ||||
| Urban gas (GJ) |
1,832 | 1,965 | 1,714 | 17,658 | 13,545 | |
| 17,333 | 12,715 | 15,238 | ||||
| LPG (GJ) |
104 | 16 | 0 | 0 | 437 | |
| 2 | 0 | 0 | ||||
| LNG (GJ) |
339 | 323 | 292 | 223 | 201 | |
| 703 | 350 | 0 | ||||
| Total | 23,575 | 19,089 | 12,704 | 55,340 | 51,359 | |
| 46,424 | 43,608 | 57,009 | ||||
| Indirect Energy Consumption (GJ) |
53,238 | 45,528 | 45,988 | 151,716 | 134,658 | |
| 96,886 | 92,511 | 94,697 | ||||
| Total Energy Consumption (GJ) |
217,790 | 195,082 | 195,342 | 200,441 | 186,017 | |
- Upper cells: The performance of former Mitsubishi UFJ Lease & Finance Group companies
- Lower cells: The performance of former Hitachi Capital Group companies
- The above figures pertain to the Mitsubishi HC Capital Group (consolidated basis).
Volume of GHG emissions (scope 1 and 2): Targets vs. results
| Short-term GHG Emissions Reduction Target (Unit) | Energy usage in Japan: -1% compared to the prior fiscal year |
||
|---|---|---|---|
| Energy Consumption of Domestic Group Companies on a Consolidated Basis (GJ) |
FY2021 (base year) | FY2022 result | FY2022 target |
| 104,991 | 87,300 | 103,941 | |
| Medium-to Long-term GHG Emissions Reduction target (Unit) | 2030: -55% compared to fiscal 2019 2050: Net zero |
|||
|---|---|---|---|---|
| Scope 1 and 2 GHG Emissions of the Group on a Consolidated Basis (market basis) (t-CO2e) | FY2019 (base year) | FY2022 result | FY2030 target | FY2050 target |
| 11,292 | 7,757 | 5,081 | 0 | |
Scope 1 and 2 (Unit: t-CO2e)
| Category | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 |
|---|---|---|---|---|---|
| Scope 1 | 2,016 | 1,888 | 820 | 3,449 | 3,211 |
| 2,386 | 2,389 | 2,516 | |||
| Scope 2 (location basis) |
2,784 | 2,546 | 2,210 | 7,880 | 6,786 |
| 4,936 | 4,405 | 4,394 | |||
| Scope 2 (market basis) |
2,757 | 2,324 | 2,336 | 6,606 | 4,546 |
| 4,909 | 4,691 | 4,853 | |||
| Total of Scope 1 and 2 (market basis) |
12,068 | 11,292 | 10,525 | 10,055 | 7,757 |
- Upper cells: The performance of former Mitsubishi UFJ Lease & Finance Group companies
- Lower cells: The performance of former Hitachi Capital Group companies
- Per the calculation rules of the GHG Protocol, conversion factors by energy consumption volume are calculated based on the volume of GHG emissions by using global warming potential values set forth in reports issued by the IPCC (Intergovernmental Panel on Climate Change).
- The above figures pertain to the Mitsubishi HC Capital Group (consolidated basis).
Scope 3 (Unit: t-CO2e)
| Category | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | |
|---|---|---|---|---|---|---|
| Category 1 | Purchased goods and services | 11,185 | 4,167 | 4,653 | 9,295 | 7,451 |
| 4,312 | 4,380 | 3,191 | ||||
| Category 2 | Capital goods | 426 | 531 | 490 | 4,909 | 5,837 |
| 53,260 | 43,163 | 39,585 | ||||
| Category 3 | Fuel and energy related activities not included in Scope 1 or Scope 2 | 740 | 637 | 516 | 1,464 | 1,329 |
| 1,280 | 1,121 | 1,156 | ||||
| Category 4 | Transportation and distribution (upstream) | Not applicable due to business characteristics | ||||
| Category 5 | Waste generated in operations | 0 | 0 | 0 | 118 | 71 |
| 704 | 169 | 73 | ||||
| Category 6 | Business travel | 418 | 394 | 0 | 286 | 1,096 |
| 723 | 672 | 48 | ||||
| Category 7 | Employee commuting | 635 | 646 | 1,922 | 2,492 | 2,518 |
| 1,906 | 1,933 | 1,140 | ||||
| Category 8 | Leased assets (upstream) |
Not applicable because Scope 3 emissions in this category cannot be distinguished from Scope 1 and 2 emissions | ||||
| Category 9 | Transportation and distribution (downstream) | Not applicable because these emissions are allocated to customers | ||||
| Category 10 | Processing of sold Products | Not applicable due to business characteristics | ||||
| Category 11 | Use of sold products | Emissions in this category will be considered for accounting going forward | ||||
| Category 12 | End-of-Life Treatment of Sold Products | Not applicable due to business characteristics | ||||
| Category 13 | Leased assets (downstream) | Emissions in this category will be considered for accounting going forward | ||||
| Category 14 | Franchise | Not applicable | ||||
| Category 15 | Investment (PFI) | 0 | 25 | 0 | 0 | 0 |
| 0 | 223 | 0 | ||||
| Total of Scope 3 | 13,404 | 6,400 | 7,581 | 18,565 | 18,302 | |
| 62,185 | 51,661 | 45,193 | ||||
- Upper cells: The performance of former Mitsubishi UFJ Lease & Finance Group companies
- Lower cells: The performance of former Hitachi Capital Group companies
- The above figures pertain to the Mitsubishi HC Capital Group (consolidated basis).
Output from renewable energy generation facilities in operation (Unit: MW)
| Item | FY2020 | FY2021 | FY2022 |
|---|---|---|---|
| Solar | 771 | 907 | 1,020 |
| 136 | |||
| Wind | 41 | 298 | 340 |
| 187 | |||
| Total | 813 | 1,205 | 1,366 |
| 323 |
- Upper cells: The performance of former Mitsubishi UFJ Lease & Finance Group companies
- Lower cells: The performance of former Hitachi Capital Group companies
- Data calculated for managerial accounting purposes, including the balance of equity-method investment.
The above figures exclude financing projects and comprise output from the solar and wind power generation business, solar power generation under the Power Purchase Agreement (PPA) scheme, and the Virtual Power Plant (VPP) verification business.