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Chugoku Electric Power Company

Chugoku Electric Power Company is a publicly listed company headquartered in Hiroshima, Japan, with 8.78% owned by the government of Japan. In 2020, its revenue was USD 12.2 billion and installed capacity was 12 GW. Chugoku committed to become net zero by 2050. In 2020, share of generation based on renewable energy is 16%.

Ranking position
#34/50
Total score
22.6/100
Performance score
4.5/20
Narrative Score
ABCDE
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-50)

Targets

#1 1.7 / 4 #27

Material Investment

#1 1.4 / 7 #35

Intangible Investment

#1 0.0 / 2 #20

Management

#1 0.6 / 4 #45

Policy Engagement

#1 0.3 / 1 #33

Business Model

#1 0.5 / 2 #34

Leading practices

No leading practices were identified for this company.

Risks and opportunities

Trend

Chugoku receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. Company’s forecast emissions intensity in the next five years, based on the anticipated power plants, does not keep pace with the reduction in emission levels required by its 1.5°C pathway, which is 7% reduction per year. Chugoku will exceed its carbon budget by 46% by 2035. Planned start of nuclear power units over the coming years is expected to improve the company’s performance. However, the progress towards decarbonisation will be limited by its long-term commitment to coal and gas.

Progress towards the Paris Agreement

Just Transition Assessment

In this report, we present five key thematic findings showing how 180 companies can increase their ambition towards a transition to a low-carbon future that is just and equitable for the people and communities at risk of being affected by it.

See results for

  1. 2020

More about the company

Headquarters
Hiroshima, Japan
Group revenue (2020)
USD 12.2 billion
Ownership
Publicly listed, with 8.78% owned by the government of Japan
Installed capacity (2020)
11.5 GW
Website
https://www.energia.co.jp

This company is part of the SDG2000, the 2.000 most influential companies

See company profile