Daiwa House Reit

Daiwa House Reit reported total carbon emissions of approximately 132,285 tonnes CO2e for 2023. This includes Scope 1 emissions of 195 tonnes CO2e, Scope 2 market-based emissions of 20 tonnes CO2e, and Scope 3 emissions of approximately 132,069 tonnes CO2e. Key contributors to Scope 3 emissions were downstream leased assets (approximately 114,710 tonnes CO2e) and capital goods (approximately 15,967 tonnes CO2e). In 2022, the company's total emissions were about 138,021 tonnes CO2e, comprising Scope 1 emissions of 198 tonnes CO2e, Scope 2 market-based emissions of 26 tonnes CO2e, and Scope 3 emissions of approximately 137,796 tonnes CO2e. For 2021, total emissions were about 122,141 tonnes CO2e, with Scope 1 at 115 tonnes CO2e, Scope 2 market-based at 7,094 tonnes CO2e, and Scope 3 at approximately 114,932 tonnes CO2e.

Daiwa House Reit has committed to several climate targets. The company aims to reduce Scope 1 and 2 GHG emissions by 70% by 2030 from a 2015 base year. Additionally, for individual properties, a 10% reduction in energy consumption intensity and CO2 emission intensity is targeted for the ten-year period from 2018 to 2027.

Through the Science Based Targets initiative (SBTi), Daiwa House Reit, classified as an SME, has committed to reducing Scope 1 and Scope 2 GHG emissions by 42% by 2030 from a 2020 base year. The company also commits to measuring and reducing its Scope 3 emissions. Furthermore, Daiwa House Reit is committed to reaching net-zero greenhouse gas emissions across its entire value chain by 2050 from a 2020 base year, including a 100% reduction in Scope 1, 2, and 3 emissions.