Chubu Electric Power Company, Incorporated
Climate Impact & Sustainability Data (2022-04 to 2023-03)
Reporting Period: 2022-04 to 2023-03
Environmental Metrics
Total Carbon Emissions:45,090,346 tCO2e
Scope 1 Emissions:106,041 tCO2e
Scope 2 Emissions:3,015,978 tCO2e (market-based)
Scope 3 Emissions:41,978,327 tCO2e
Total Energy Consumption:1,208,798 MWh
Waste Generated:5,082 tons
Carbon Intensity:0.0000009501 metric tons CO2e per unit currency total revenue
ESG Focus Areas
- Climate Change
- Biodiversity
Environmental Achievements
- Commenced commercial operation of Ichishiro Hydroelectric Power Station, Offshore Wind Farms at Akita Port and Noshiro Port, and Yonago Biomass Power Plant, expanding renewable energy by 42,788 kW.
- Reduced CO2 emissions due to fuel use of company-owned vehicles by 153 t-CO2 compared with the previous year.
Social Achievements
- Increased the proportion of company-owned electric vehicles from 7% in FY2021 to 9% in FY2022.
Governance Achievements
- Board-level oversight of climate-related issues.
- Established the Zero Emissions Committee.
Climate Goals & Targets
Long-term Goals:
- Achieve net-zero CO2 emissions by 2050.
Medium-term Goals:
- Reduce CO2 emissions derived from sales to customers by 50% or more by 2030 compared with FY2013.
- Expand renewable energy to 3.2 million kW (8 billion kWh) or more by around 2030.
- Electrify 100% of company vehicles by 2030.
Environmental Challenges
- Increased direct costs due to potential introduction of carbon pricing mechanisms.
- Increased indirect (operating) costs due to acute physical risks from cyclones, hurricanes, and typhoons.
- Increased capital expenditures due to technological changes requiring substitution of existing products and services with lower emissions options.
Mitigation Strategies
- Investing approximately 400 billion yen in renewable energy businesses from FY2021.
- Established a disaster prevention system to enable swift restoration after natural disasters.
- Planning to advance system operation utilizing next-generation power distribution devices and ICT for system stabilization.
Supply Chain Management
Supplier Audits: 100% of suppliers by procurement spend have to comply with climate-related requirements.
Responsible Procurement
- Requesting cooperation with the Reduction of the Environmental Burden
Climate-Related Risks & Opportunities
Physical Risks
- Typhoons, hurricanes, cyclones causing damage to power transmission and distribution facilities.
Transition Risks
- Introduction of carbon pricing.
Opportunities
- Increased demand for low-carbon electricity.
- Investment in low-emission technology (renewable energy).
Reporting Standards
Frameworks Used: TCFD
Third-party Assurance: Third-party assurance process underway but not complete for reporting year
Sustainable Products & Innovation
- CO2-free electricity plans
- New electric heaters for aluminum casting process
Awards & Recognition
- Chairman Prize of ECCJ in the energy-saving case study division of the Energy Conservation Grand Prize 2021