Hulic Reit, officially known as Hulic Real Estate Investment Trust, is a prominent player in the real estate services industry, headquartered in Japan. Established in 2006, the company has made significant strides in the market, focusing primarily on the acquisition and management of income-generating properties, particularly in urban areas across Japan.
With a diverse portfolio that includes office buildings, retail spaces, and residential properties, Hulic Reit stands out for its strategic approach to property management and investment. The firm is recognised for its commitment to sustainability and innovation, which enhances its market position. Over the years, Hulic Reit has achieved notable milestones, solidifying its reputation as a trusted name in real estate investment, catering to both institutional and individual investors.
+5 vs industry average
Hulic Reit’s score of 34 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Real Estate Services has above-average carbon intensity
Industry performance
The Real Estate Services industry has reduced its overall emissions by 17% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Hulic Reit's reported carbon emissions
Hulic Reit, Inc. has established ambitious climate commitments, aiming for significant reductions in greenhouse gas (GHG) emissions. The company has committed to reducing absolute Scope 1 and 2 GHG emissions by 42% by the end of 2030, using 2022 as a baseline year. Furthermore, Hulic Reit is targeting a 25% reduction in absolute Scope 3 GHG emissions, specifically from downstream leased assets, within the same timeframe. These targets align with a 1.5°C warming pathway, as recognised by the Science Based Targets initiative (SBTi).
For the reporting year 2024, Hulic Reit reported total GHG emissions of approximately 73.5 million kg CO2e. This figure comprises approximately 6.6 million kg CO2e from Scope 2 emissions and approximately 66.6 million kg CO2e from Scope 3 emissions. Of the Scope 3 emissions, downstream leased assets accounted for approximately 58.8 million kg CO2e.
In the preceding year, 2023, the company's total GHG emissions were approximately 76.4 million kg CO2e. This included approximately 11.1 million kg CO2e for Scope 2 and approximately 65.3 million kg CO2e for Scope 3, with downstream leased assets contributing approximately 58.1 million kg CO2e.
In 2022, Hulic Reit reported total GHG emissions of approximately 71.6 million kg CO2e, with Scope 2 emissions at approximately 11.6 million kg CO2e and Scope 3 emissions at approximately 67.5 million kg CO2e, of which downstream leased assets represented approximately 59.9 million kg CO2e.
The company's GHG emissions intensity, measured as t-CO2/m², has been reported in previous years. For instance, in 2023, the intensity was 160.0 t-CO2/m², and in 2024, it was 150.0 t-CO2/m². This metric indicates a trend towards improved emissions efficiency.
Hulic Reit's Scope 1 emissions are not currently disclosed. The company's reporting typically includes Scope 2 and Scope 3 emissions, with a particular focus on downstream leased assets. Information regarding Scope 3 categories such as purchased goods and services, and capital goods, is noted as missing for some reporting years.
The company's commitment to emissions reduction is further demonstrated by its proactive engagement with the Science Based Targets initiative (SBTi), which has validated its near-term targets for scopes 1, 2, and 3. Hulic Reit's sustainability reporting is available through its official website.
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Hulic Reit’s Climate Goals (2030 & 2050)
1 goal2030
42% reduction in all scopes
The target (KPI) is reduction of total GHG emissions in Scope 1 and Scope 2 by 42% relative to the actual figures for 2022 by the end of 203…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 1 climate goals
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Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Hulic Reit
Frequently asked questions
Common questions about Hulic Reit’s sustainability data and climate commitments
Data year: 2024
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