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
Volume of Energy Consumption and GHG Emissions
Upper cells:The performance of former Mitsubishi UFJ Lease & Finance Group companies
Lower cells:The performance of former Hitachi Capital Group companies
| Category / Energy source (unit) |
FYE3/2019 | FYE3/2020 | FYE3/2021 | FYE3/2022 | Notes | |
|---|---|---|---|---|---|---|
| Scope1 | Gasoline (kl) |
741 | 465 | 297 | 744 | Single year target (non-consolidated basis): A level of consumption on par with or below the average of the most recent three years Achievement ratio: 129％ |
| 589 | 569 | 444 | ||||
| Light oil (kl) |
4 | 8 | 4 | 108 | ||
| 36 | 98 | 260 | ||||
| Kerosene (kl) |
0 | 0 | 0 | 29 | ||
| 0 | 55 | 51 | ||||
| Urban gas (m3) |
40,889 | 43,871 | 38,265 | 394,151 | ||
| 386,892 | 283,812 | 340,131 | ||||
| LPG (m3) |
933 | 148 | 0 | 0 | ||
| 19 | 0 | 0 | ||||
| LNG (m3) |
6,215 | 5,922 | 5,354 | 4,078 | ||
| 12,877 | 6,408 | 0 | ||||
| Calorific value (attributable to Scope1) |
Gasoline (GJ) |
20,880 | 16,063 | 10,276 | 25,733 | |
| 25,141 | 19,701 | 16,474 | ||||
| Light oil (GJ) |
421 | 721 | 421 | 10,665 | ||
| 3,245 | 8,832 | 23,433 | ||||
| Kerosene (GJ) |
0 | 0 | 0 | 1,060 | ||
| 0 | 2,010 | 1,864 | ||||
| Urban gas (GJ) |
1,832 | 1,965 | 1,714 | 17,658 | ||
| 17,333 | 12,715 | 15,238 | ||||
| LPG (GJ) |
104 | 16 | 0 | 0 | ||
| 2 | 0 | 0 | ||||
| LNG (GJ) |
339 | 323 | 292 | 223 | ||
| 703 | 350 | 0 | ||||
| Total (GJ) |
23.575 | 19.089 | 12,704 | 55,340 | ||
| 46,424 | 43,608 | 57,009 | ||||
| CO2 emissions (attributable to Scope1)(t-CO2e) | 2,016 | 1,888 | 820 | 3,448 | ||
| 2,386 | 2,389 | 2,516 | ||||
| Scope2 | Energy consumption (kWh) |
4,890,270 | 4,123,155 | 4,294,672 | 14,144,909 | Single year target: A level of consumption on par with or below the average of the most recent three years Achievement ratio:115% |
| 9,717,773 | 9,278,931 | 8,874,748 | ||||
| - Renewable energy consumption (kwh) |
- | - | - | 3,308,174 | ||
| - | - | - | ||||
| Purchased steam, hot water, and cooling water (MJ) |
4,482 | 4,421 | 4,241 | 10,600,646 | ||
| 0 | 0 | 0 | ||||
| Calorific value (attributable to Scope2) (GJ) |
53,238 | 45,528 | 45,988 | 151,625 | ||
| 96,886 | 92,511 | 89,552 | ||||
| CO2 emissions (attributable to Scope2 / location basis) (t-CO2e) |
2,784 | 2,546 | 2,210 | 7,869 | ||
| 4,936 | 4,405 | 4,394 | ||||
| CO2 emissions (attributable to Scope2 / market basis) (t-CO2e) |
2,757 | 2,324 | 2,336 | 5,207 | ||
| 4,909 | 4,712 | 4,581 | ||||
| CO2 absorbed via forestation *1 (t-CO2e) |
0 | 0 | 0 | 21 | ||
| 0 | 21 | 21 | ||||
| Data coverage ratio (in comparison with number of employees) | 99.7% | 97.3% | 99.5% | 99.7% | ||
Notes:
- 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). The data coverage ratio is calculated based on the total number of employees (for FYE3/2019 to FYE3/2021 the sum of the total number of employees of the former Mitsubishi UFJ Lease & Finance Group and the former Hitachi Capital Group).
- Figures indicate the volume of CO2 absorbed by forests as certified by the Tokyo Metropolitan Government’s Tokyo Forest Improvement Contribution Certification System (from fiscal 2019 to fiscal 2028).
CO2 Emissions from Supply Chains
Upper cells:The performance of former Mitsubishi UFJ Lease & Finance Group companies
Lower cells:The performance of former Hitachi Capital Group companies
(Unit:t-CO2e)
| Scope / Category | FYE3/2019 | FYE3/2020 | FYE3/2021 | FYE3/2022 | ||
|---|---|---|---|---|---|---|
| Scope1 total | 2,016 | 1,888 | 820 | 3,448 | ||
| 2,386 | 2,389 | 2,173 | ||||
| Scope2 total (market basis) | 2,757 | 2,324 | 2,336 | 5,207 | ||
| 4,909 | 4,712 | 4,581 | ||||
| Scope3 | Category1 | Purchased goods and services | 11,185 | 4,167 | 4,653 | 9,295 |
| 4,312 | 4,380 | 3,191 | ||||
| Category2 | Capital goods | 426 | 531 | 490 | 4,909 | |
| 53,260 | 43,163 | 39,585 | ||||
| Category3 | Fuel and energy related activities not included in Scope1 or Scope2 | 740 | 637 | 516 | 1,464 | |
| 1,280 | 1,121 | 1,156 | ||||
| Category5 | Waste generated in operations | 0 | 0 | 0 | 118 | |
| 704 | 169 | 73 | ||||
| Category6 | Business travel | 418 | 394 | 0 | 286 | |
| 723 | 672 | 48 | ||||
| Category7 | Employee commuting | 635 | 646 | 1,922 | 2,492 | |
| 1,906 | 1,933 | 1,140 | ||||
| Category15 | Investment (PFI) |
0 | 25 | 0 | 0 | |
| 0 | 223 | 0 | ||||
| Scope3 total | 13,404 | 6,400 | 7,581 | 18,565 | ||
| 62,185 | 51,661 | 45,193 | ||||
| Total | 18,177 | 10,612 | 10,737 | 27,220 | ||
| 69,480 | 58,762 | 51,947 | ||||
Notes:
- Category 13 (downstream leased assets) is not calculated, as this category is supposed to be selected by customers, making it difficult for the Group to exert an impact on the volume of or reduction in emissions and gathering necessary data is therefore inherently hard.
- The above figures pertain to the Mitsubishi HC Capital Group (consolidated basis). Data coverage ratios for Category 3 and Category 5 are calculated in a same manner as Scope1 and Scope2
Accounting Methods of CO2 Emissions from Supply Chains
| Category | Accounting methods | ||
|---|---|---|---|
| Activity data | Emission factor | ||
| Category1 | Purchased goods and services |
|
Emission factor based on inter industry table |
| Category2 | Capital goods |
|
Emission factor for capital goods price |
| Category3 | Fuel and energy related activities not included in Scope1 or Scope2 |
|
IDEA v2.3 (for calculating supply chain greenhouse gas emissions) |
| Category5 | Waste generated in operations |
|
Emission factor based on category of waste and treatment method |
| Category6 | Business travel |
|
Emission factor based on the number of employees |
| Category7 | Employee commuting |
|
Emission factor of employees total working hours based on commuting area and working style |
| Category15 | Investment (PFI in municipalities and public organizations and financing for real estate businesses) |
|
Emission factor based on the building use / area |
Volume of Paper Use
Upper cells:The performance of former Mitsubishi UFJ Lease & Finance Group companies
Lower cells:The performance of former Hitachi Capital Group companies
(Unit:kg)
| Item | FYE3/2019 | FYE3/2020 | FYE3/2021 | FYE3/2022 |
|---|---|---|---|---|
| Volume of paper use | 45,981 | 52,914 | 24,209 | 792,058 |
| 3,789,574 | 118,857 | 633,593 | ||
| Data coverage ratio | 78.0% | 75.8% | 76.2% | 80.3％ |
- Data coverage ratio is calculated based on the total number of employees who belonged to the Mitsubishi UFJ Lease & Finance Group and the Hitachi Capital Group.
Output from Renewable Energy Generation Facilities in Operation
Upper cells:The performance of former Mitsubishi UFJ Lease & Finance Group companies
Lower cells:The performance of former Hitachi Capital Group companies
(Unit:MW)
| Item | FYE3/2021 | FYE3/2022 |
|---|---|---|
| Solar | 771 | 907 |
| 136 | ||
| Wind | 41 | 298 |
| 187 | ||
| Total | 813 | 1,205 |
| 323 |
- 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.
Environmental Accountings
Environmental Costs
(Unit:Millions of yen)
| Category | Efforts | FYE3/2022 | |
|---|---|---|---|
| Investment | Costs | ||
| Business area costs | Greenhouse gas emission reduction and waste reduction | 0.0 | 1.9 |
| Upstream and downstream costs | Additional costs required for providing environmentally friendly products and services, green procurement, and recycling | 31,300.0 | 1,012.5 |
| Costs of management activities | Environmental data management and aggregation, maintenance and management of the environmental management system (EMS), environmental education, and dissemination of information | 2.6 | 41.9 |
| Costs of social activities | Cleaning areas around business offices and community environmental conservation activities | 0.0 | 3.0 |
Notes:
- The above figures pertain to Mitsubishi HC Capital Inc. (non-consolidated basis)
- R&D expenses are not included in light of the nature of operations listed above as they involve no research or development activities.
- In fiscal 2021, there were no environmental damage costs.