Honda has already has achieved or even surpass almost all of its main emissions and recycling targets for the fiscal year ending March 31, 2014, the carmaker said in its annual environmental report. The carmaker said it is ahead in cutting carbon dioxide emissions from corporate activities and logistics; has already reduced waste per unit of revenue; and has achieved zero landfill waste.
Honda also boasted that its waste conservation is above trajectory. The carmaker noted that it has already exceeded targets in its campaign to cut emissions of volatile organic compounds, stinky solvents, glues and paints used throughout a vehicle.
Honda has also exceeded its targets in auto recycling, but has yet to achieve its goal on motorcycle recycling. Honda has set more ambitious environmental targets that it aims to achieve by fiscal year ending March 31, 2021. By that time, Honda targets to cut CO2 emissions from its automobiles, motorbikes and power products by 30 percent from 2001 levels.
Honda has already cut emissions from its automobile fleet by 15 percent, halfway to the target. But, Honda's overall carbon footprint is increasing. In 2012, the carmaker started measuring its global greenhouse gas emissions -- including almost all activities and processes it employs and implements. Estimates show that emissions from Honda's entire value chain jumped to 275.9 million tons of equivalent CO2 in the fiscal year ended March 31, 2013, up from 226.1 million tons a year earlier.
Equivalent CO2 is an expression of all greenhouse gas emissions that equates them to CO2. The reason for this increased emission is that the carmaker is simply producing more cars. Emissions from Honda products account for around 82 percent of its total annual greenhouse gas emissions footprint. Honda report says that the greatest challenge to cutting total emissions is trying to find out how it could reduce emissions from use of Honda products. [source: automotive news - sub. required]