Sojitz Corporation
Sojitz Corporation
04/01/2026 | Press release | Archived content
Sojitz Revises Its Decarbonization Policy and Establishes New Interim Targets
Sojitz Group has established its policies and targets to fulfill its commitment to contributing to the realization of a decarbonized ociety, as set forth in Sojitz's long-term sustainability vision for 2050, the "Sustainability Challenge" and has been promoting initiatives based on these policies and targets.
In response to changes in the external environment surrounding decarbonization and ESG, as well as changes in the Group's business portfolio, Sojitz has revised its decarbonization policy by setting a new interim target for 2035 toward achieving net zero by 2050, in addition to the existing 2030 target (March 2026).
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1) Decarbonization Policies
Sojitz regards the reduction of its own GHG emissions arising from its business activities (Scope 1 and Scope 2) as a responsibility and will continue to pursue further reductions.
At the same time, Sojitz recognizes high-emission areas within its supply chain (Scope 3) not only as business risks subject to growing decarbonization pressure, but also as business opportunities drive emissions reductions across society. Furthermore, guided by the belief that business creation leveraging Sojitz's unique network and cross-business collaboration is essential to contributing to a decarbonized society, Sojitz seeks to deliver avoided emissions through its businesses.
To date, Sojitz has enhanced its business foundation by transforming the resolution of social challenges through its business activities into a competitive advantage. Leveraging this experience, Sojitz will continue to create new value that supports the transition to a decarbonized society, showcasing its distinctive contribution through the integration of initiatives that realize emissions reductions and drive progress beyond conventional frameworks.
2) Targets
Scope 1・Scope 2 Targets
For businesses in operation as of FY2019, Sojitz aims to reduce energy-related CO2 emissions by 60% by 2030 compared with FY2019 levels, including achieving net-zero for Scope 2.
In addition, for businesses in operation as of FY2024, Sojitz aims to reduce total GHG emissions by 40% by FY2035 compared with FY2024 levels, including achieving net impact zero* for Scope 2. For businesses thereafter, Sojitz aims to achieve net zero by 2050.
*Net impact zero means a concept whereby Sojitz's own emissions are reduced to zero after deducting carbon removals and offsets, as well as avoided emissions achieved through its businesses.
| Scope1・Scope2 |
・Net zero by 2050 (Scope 1・Scope 2) ・Businesses in operation as of FY2019: 60% reduction in energy-related CO2 emissions by FY2030 *1 Including net zero for Scope 2 by FY2030 ・Businesses in operation as of FY2024: 40% reduction in GHG emissions by FY2035 *2 Including net impact zero for Scope 2 by FY2035 |
|---|---|
| Coal-fired power generation | Sojitz currently has no coal-fired power generation assets and does not plan to acquire any in the future. |
Scope of reporting: These targets apply to Sojitz Corporation (non-consolidated), all consolidated subsidiaries in Japan and overseas, and unincorporated joint ventures subject to reporting under Sojitz's management control approach
*1Energy-related CO2 emissions, with FY2019 as the base year.
*2GHG emissions, with FY2024 as the base year.
Scope 3 Targets (Natural Resource Interests)
Scope 3 refers primarily to GHG emissions generated throughout the supply chain. Trading companies are involved in extensive supply chains ranging from upstream to downstream.
As of FY2019, if all of Sojitz's resource interests were combusted, the resulting GHG emissions would amount to approximately 200 million tons, far exceeding the approximately 1 million tons of GHG emissions generated from the Sojitz Group's own direct energy use (Scope 1・Scope 2).
In recognition of the heightened social responsibility associated with resource interests, we have set out the following policies and targets since 2019.
Targets for Resource Interests Businesses
| Thermal coal interests | Reduce to half or less by 2025; zero by 2030 *3 |
|---|---|
| Oil interests | Zero by 2030 |
| Coking coal interests | Zero by 2050 |
*3Based on the book value of asset holdings in resource interests, with FY2018 as the base year.
3) Reduction Measures for Scope 1・Scope2 Emissions
To reduce Scope 1 and Scope 2 emissions, Sojitz is formulating sustainable reduction measures with a view to future technological innovation.
- First, Sojitz will pursue energy conservation and efficiency improvements.
- Next, Sojitz will implement emissions reductions through a transition to renewable energy.
- Over the longer term, Sojitz will consider switching to clean fuels, such as hydrogen, ammonia, and synthetic fuels.
- Furthermore, Sojitz aims to optimize its business portfolio, incorporating decarbonization considerations.
- For residual GHG emissions, Sojitz will consider measures including offsets through certificates as well as removals through forestry initiatives and direct air capture (DAC) projects, while maintaining a policy of minimizing reliance on such measures to the greatest extent possible.
For details on our initiatives, please see:
Sojitz Corporation published this content on April 01, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 03, 2026 at 08:25 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]