Hulic Sustainability Profile
Hulic Co., Ltd., commonly referred to as Hulic, is a prominent player in the Japanese real estate industry, headquartered in Tokyo, Japan. Founded in 1946, the company has established itself as a leader in property development, management, and investment, with a strong presence in major urban areas across Japan. Hulic's core offerings include commercial and residential property development, asset management, and real estate leasing. The company is renowned for its innovative approach to sustainable building practices and urban revitalisation projects, setting it apart in a competitive market. With a commitment to enhancing urban living, Hulic has achieved significant milestones, including the development of landmark properties that contribute to the architectural landscape of Japan. As a key player in the real estate sector, Hulic continues to strengthen its market position through strategic partnerships and a focus on customer-centric services, making it a trusted name in the industry.
DitchCarbon Score
How does Hulic'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 Real Estate Services 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
Hulic's score of 59 is higher than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hulic's reported carbon emissions
In 2023, Hulic Co., Ltd. reported total carbon emissions of approximately 280,000,000 kg CO2e. This figure includes 13,259,000 kg CO2e from Scope 1 emissions, 5,105,000 kg CO2e from Scope 2 emissions, and a significant 261,152,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions breakdown reveals major contributions from downstream leased assets (123,000,000 kg CO2e) and capital goods (62,000,000 kg CO2e). Hulic has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 70% by 2030, using 2019 as the base year. Additionally, the company plans to increase its annual sourcing of renewable electricity from 0% in 2019 to 100% by 2024. For Scope 3 emissions, Hulic targets a 30% reduction by 2030 from the same base year. These targets have been approved by the Science Based Targets initiative (SBTi) and align with the goals of the Paris Agreement. Overall, Hulic's climate strategy reflects a strong commitment to sustainability and significant reductions in carbon emissions across all scopes, positioning the company as a responsible player in the real estate sector in Japan.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | 2,871,700 | 0,000,000 | 0,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Hulic's Industry?
How Carbon Intensive is Hulic's Location?
Hulic's Scope 3 Categories Breakdown
Hulic's Scope 3 emissions, which increased by 9% last year and increased significantly since 2016, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Downstream Leased Assets" being the largest emissions source at 47% of Scope 3 emissions.
Top Scope 3 Categories
Hulic'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.
Hulic 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 Hulic's sustainability data and climate commitments