Daiwa House Reit Sustainability Profile
Daiwa House REIT Investment Corporation, commonly referred to as Daiwa House REIT, is a prominent player in Japan's real estate investment trust (REIT) sector. Headquartered in Tokyo, Japan, the company primarily operates across major urban regions, focusing on the acquisition and management of logistics facilities, residential properties, and commercial spaces. Founded in 2005, Daiwa House REIT has achieved significant milestones, including a robust portfolio that underscores its commitment to sustainable growth. The company’s core offerings include high-quality logistics and residential properties, distinguished by their strategic locations and innovative designs. With a strong market position, Daiwa House REIT has garnered recognition for its effective asset management and commitment to enhancing shareholder value, making it a key contributor to Japan's evolving real estate landscape.
DitchCarbon Score
How does Daiwa House Reit's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Services Auxiliary to Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Daiwa House Reit's score of 76 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Daiwa House Reit's reported carbon emissions
In 2023, Daiwa House REIT reported total greenhouse gas emissions of approximately 132,285,000 kg CO2e. This figure includes Scope 1 emissions of about 195,000 kg CO2e, Scope 2 emissions of approximately 20,000 kg CO2e, and significant Scope 3 emissions totalling around 132,069,000 kg CO2e. The Scope 3 emissions are primarily driven by downstream leased assets, which account for about 114,710,000 kg CO2e. Daiwa House REIT has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 emissions by 70% from 2015 levels by 2030. Additionally, the company has committed to achieving net-zero emissions across all scopes by 2050, with a target to reduce total emissions (Scope 1, 2, and 3) by 100% from a 2020 baseline. The company’s reduction targets are aligned with the Science Based Targets initiative (SBTi), which has validated their goals. Specifically, Daiwa House REIT aims for a 42% reduction in Scope 1 and Scope 2 emissions by 2030, using 2020 as the base year. These commitments reflect the company's proactive approach to addressing climate change and reducing its carbon footprint in the real estate sector.
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| 2015 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | - | - | 000,000 | 000,000 | 000,000 |
| Scope 2 | - | - | 0,000,000 | 00,000 | 00,000 |
| Scope 3 | 12,820,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Daiwa House Reit's Industry?
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Daiwa House Reit's Scope 3 Categories Breakdown
Daiwa House Reit's Scope 3 emissions, which decreased by 4% last year and decreased by approximately 99% since 2015, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Downstream Leased Assets" being the largest emissions source at 87% of Scope 3 emissions.
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Daiwa House Reit's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Daiwa House Reit has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Daiwa House Reit's sustainability data and climate commitments