Hitachi Vantara

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Hitachi Vantara, a wholly-owned subsidiary of Hitachi Ltd., delivers the intelligent data platforms, infrastructure systems, and digital expertise that supports more than 80% of the fortune 100. Hitachi Vantara turns businesses from data-rich to data-driven through agile digital processes, products, and experiences.

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2.4

Overall Excellence Rating

Industry

Internet of Things (IoT)

Category

Information Technology Support Services

ESG/Ethical Impact

Support people’s quality of life with data and technology that fosters a sustainable society. Hitachi believes a strong commitment to sustainability will be the Growth Driver. Sustainability is not a cost nor is it for compliance. It is a value creation for the business first, and as a consequence, for society. It is important to clarify that sustainability is not a concept up in the air, something nice to have, but it’s a key driver for any business to survive in the mid-to-long term future. It has become increasingly accepted that the objective of maximizing shareholder value requires not only top competitive performance, but also the attention to a variety of sustainability’s issues. As indicated in the Mid-term Management Plan 2024, we aim to enhance our corporate value through sustainability with a focus on planetary boundaries and wellbeing. Speaking to the environment, to accelerate and promote the achievement of Hitachi’s long-term environmental targets as measures, Hitachi developed two business strategies, GX for GROWTH (customer and society decarbonization) and GX for CORE (Hitachi decarbonization). Under GX for GROWTH, we will support customers in reducing CO2 emissions by expanding Hitachi’s greener and more efficient product portfolio and providing customers with End to End (E2E) solutions across sectors. By fiscal 2024, we aim to contribute to reduce CO2 emissions by approximately 100 million metric tons per year. We will accelerate the development of various solutions realizing energy transition, the electrification of mobility and the energy saving. GX for CORE aims to decarbonize our own operations. We aim to achieve reductions in Scope 1 and 2 by investing approximately 37 billion yen over the next three years to meet the carbon neutrality target in fiscal 2030 and 50% CO2 emissions reduction throughout the value chain by the same fiscal year. In addition, we launched a framework for issuing green bonds to mobilize more funds to accelerate activities toward carbon neutrality. Based on these efforts, including preparation of SBTi net zero certification, we aim to improve ESG evaluation. At the same time, we are also looking to the future by investing in the R&D of green technologies, such as hydrogen, methanation, and Direct Air Capture (DAC).

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Awards Received

2023

Revenues

$2,500,000,000.00

Website Traffic

Employee Rating

3.3

Customer Rating

3.8

Company Size

10000+

ESG Risk Rating

2

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