Greenhouse gas (GHG) emissions are one of the major causes of rising global warming. CO2, Methane & NOx gases form a major part of greenhouse gases released from fossil fuels such as oil and gas. Due to rising GHG emissions from the operations of companies, it became important among major contributing sectors to report GHG emissions during their operations.
Several retailers, including Walmart, already measure their carbon footprints and climate change programs. Retailers generate a significant portion of their carbon footprint in their stores. Heating, lighting, air conditioning, ventilation, cooking, and refrigeration are the main factors for direct energy consumption, and therefore carbon emissions, of a retail outlet.
Nitori Holdings Co Ltd (Nitori) is a retailer of furniture and interior decorative products. The company offers carpets, mattresses, curtains, home accents, household essentials, timber, garden equipment and supplies, pet supplies, and hardware products. It also provides home delivery, logistics services, membership cards, warranty services, virtual showrooms, interior renovation services, layout, and design services, and advertising services. Nitori merchandises its products online through an e-commerce platform, www.nitori-net.jp. It operates stores under the NITORI banner.
In fiscal year (FY) 2021, the total GHG emissions (Scope 1 and 2) of Nitori were 243,305 tonnes of CO2 equivalents, a decrease of 7.6% over FY2020. Of the total GHG emissions in FY2021, 192,094 tonnes were generated in Japan, and the rest were from overseas operations.
GHG emissions are generally classified into Scope 1, 2, and 3 emissions. Scope 1 includes direct GHG emissions from sources owned or controlled by the company. Scope 2 encompasses indirect emissions resulting from the generation of energy that the company purchases, such as electricity. Scope 3 involves other indirect emissions that relate to the emissions produced in the company’s value chain from upstream and downstream activities.
In FY2021, Scope 2 emissions form the major portion of Nitori’s total GHG emissions, accounting for 208,005 tonnes of CO2 equivalent (85.5% of the total GHG emissions), an increase of 5.9% over FY2020. The company’s Scope 1 emissions (35,300 tonnes of CO2 equivalent) decreased by 47.3% over FY2020. The company has not disclosed Scope 3 emissions values.
Nitori aims to reduce Scope 1 and 2 greenhouse gas emissions (including overseas sites) by 50% against the 2013 baseline by 2030 and become carbon neutral by 2050.
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