Hulic

Hulic, a Japanese real estate services company, reported total gross emissions of approximately 280 million kg CO2e in 2023. This includes about 13.26 million kg CO2e from Scope 1, 5.11 million kg CO2e from Scope 2, and 261.15 million kg CO2e from Scope 3. Key contributors to Scope 3 emissions were downstream leased assets (approximately 123 million kg CO2e), capital goods (approximately 62 million kg CO2e), and purchased goods and services (approximately 34 million kg CO2e).

Hulic has set ambitious climate commitments, with near-term targets approved by the Science Based Targets initiative (SBTi) as consistent with a 1.5°C pathway. The company aims to reduce absolute Scope 1 and 2 GHG emissions by 70% by 2030 from a 2019 base year. Additionally, Hulic commits to increasing annual sourcing of renewable electricity from 0% in 2019 to 100% by 2024. For Scope 3, Hulic targets a 30% absolute GHG emissions reduction by 2030 from a 2019 base year, specifically focusing on emissions from the use of sold products and downstream leased assets. The company also aims for substantially zero Scope 1, 2, and 3 emissions by 2050.