Daiwa House Reit

Daiwa House Reit reported total emissions of 132,285,000 kg CO2e in 2023. This includes 195,000 kg CO2e from Scope 1, 20,000 kg CO2e from Scope 2 (market-based), and 132,069,000 kg CO2e from Scope 3 emissions. Key contributors to their Scope 3 emissions in 2023 were downstream leased assets (114,710,000 kg CO2e) and capital goods (15,967,000 kg CO2e). In 2022, their total emissions were 138,021,000 kg CO2e, comprising 198,000 kg CO2e from Scope 1, 26,000 kg CO2e from Scope 2 (market-based), and 137,796,000 kg CO2e from Scope 3.

Daiwa House Reit has set several climate commitments. The company is committed to achieving net-zero emissions by 2050. They have Science Based Targets initiative (SBTi) approved near-term targets to reduce Scope 1 and Scope 2 GHG emissions by 42% by 2030, from a 2020 base year, and to measure and reduce their Scope 3 emissions. Additionally, they aim for a 100% reduction in Scope 1, Scope 2, and Scope 3 emissions by 2050 from a 2020 base year. Earlier targets, set internally, aimed to reduce GHG emissions from business activities (Scope 1 and 2) by 70% from the 2015 level by 2030. They also have an intensity target to reduce energy consumption intensity and CO2 emission intensity by 10% for individual properties between 2018 and 2027.