Idemitsu Kosan
Idemitsu Kosan is a publicly listed integrated oil and gas company headquartered in Japan. In 2020, it had USD 55.60 billion in revenue and a reported 4,917 employees*. Idemitsu’s climate strategy lacks ambition and detail, and its acquisition of Showa Shell in 2019 has led to a significant increase in emissions. The company shows no intention to transition away from fossil fuels.
- Ranking position
- #58 /100
- Total score
- 4.3 /100
- Performance score
- 1.8 /20
- Narrative Score
- ABCDE
- Trend Score
-
- Trend line is up
- Trend line is equal
- Trend line is down
Leading practices
No leading practices were identified for this company.
Risks and opportunities
Trend
Idemitsu Kosan receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. If the company’s past trend in scope 1, 2 and 3 emissions intensity continues and the company follows a business-as-usual pathway, it will only diverge further from its 1.5°C pathway, which requires a near 4% annual emissions reduction. Many of the company’s actions, such as continuing its coal mining business, acquiring Showa Shell and increasing oil and gas production in Norway and Vietnam, suggest it will continue to be overwhelmingly dependent on fossil fuels and show its lack of intention to achieve a low-carbon transition.
Progress towards the Paris Agreement
See results for
More about the company
- Headquarters
- Tokyo, Japan
- Group revenue
- JPY 6,045,800,000,000 (USD 55.60 billion)
- Ownership structure
- Publicly listed
- Number of employees
- 4,917
- Scope of activity
- Integrated
- Website
- https://www.idemitsu.com/en/company/index.html