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4-Traders Homepage  >  Equities  >  Tokyo  >  Honda Motor Co Ltd    7267   JP3854600008

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Honda Motor : Honda Becomes World’s First Mobility Company to Disclose Estimates of All Greenhouse Gas Emissions

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08/26/2012 | 09:00am CEST
Corporate August 25, 2012 Honda Becomes World's First Mobility Company to Disclose Estimates of All Greenhouse Gas Emissions

TOKYO, Japan, August 25, 2012 - Honda Motor Co. Ltd. became the world's first*1 mobility company to disclose estimates of all of its greenhouse gas (GHG) emissions including emissions from Honda's global business operations and customer use of Honda motorcycles, automobiles and power products.

By calculating and disclosing global GHG emissions as a responsible company engaged in the area of mobility, Honda will continue making proactive progress with its global initiatives to reduce GHG and further extend the Honda LCA (Life Cycle Assessment) approach.

The estimates of GHG emissions disclosed today by Honda were calculated in conformity with the Greenhouse Gas Protocol (GHG Protocol)*2, which are currently the most widely used international accounting standards to measure GHG emissions. The GHG Protocol defines three scopes of emissions by categorizing different business activities. Honda has been disclosing all Scope 1 and Scope 2 emissions since 2009 and disclosed a part of Scope 3 emissions (global Category 11 emissions) for the first time on June 20, 2012. With today's disclosure of all Scope 3 emissions, Honda has disclosed all GHG emissions defined by the GHG Protocol.

Moreover, Honda today also disclosed for the first time on its website (inside of web content titled the Environmental documentary, "Honda Face" currently available only in Japanese, URL: http://www.honda.co.jp/environment/face/2012/), conditions for the calculation of data required to determine Scope 3 Category 11 emissions, including customers' lifetime product use and annual traveling distance.

*1 Honda internal research *2 GHG Protocol (the Greenhouse Gas Protocol) is guideline determined by the World Business Council for Sustainable Development and the World Resources Institute for GHG accounting. Honda's GHG emissions during the fiscal year ended March 31, 2012
(Calculated in conformity with GHG accounting and reporting standards)
*3 CO2e is an abbreviation for the "carbon dioxide-equivalent" which is calculated by converting six GHG substances defined in the Kyoto Protocol [carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs) and sulfur hexafluoride (SF6)] into the equivalent of CO2. Scope 3 GHG emissions by category * Honda excludes Categories 8, 9, 13 and 14 emissions from the calculation of Scope 3 emissions for the following reasons;
  • Category 8 (upstream leased asset) is included as a consumption by the reporting company (Scope 1 and Scope 2)
  • Category 9 (downstream transportation and distribution) is included in Category 4 (upstream transportation and distribution)
  • Category 13 (downstream leased asset) is included in Category 11 (use of sold products)
  • Category 14 (franchises) is not applicable as Honda does not have any franchises
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