Hulic Reit

Hulic Reit, a Real estate services company based in Japan, reported total carbon emissions of approximately 73,498,000 kg CO2e for 2024. This includes around 6,618,000 kg CO2e from Scope 2 emissions and approximately 66,614,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions primarily include about 58,831,000 kg CO2e from downstream leased assets. For 2023, their total carbon emissions were around 76,425,000 kg CO2e, with Scope 2 at approximately 11,148,000 kg CO2e and Scope 3 at about 65,297,000 kg CO2e, including roughly 58,092,000 kg CO2e from downstream leased assets.

Hulic Reit has set near-term Science Based Targets initiative (SBTi) commitments to reduce absolute Scope 1 and 2 GHG emissions by 42% by 2030, using 2022 as a base year. They also aim to reduce absolute Scope 3 GHG emissions from downstream leased assets by 25% within the same timeframe. These targets are consistent with reductions required to keep global warming to 1.5°C. In 2022, their total emissions were about 71,583,000 kg CO2e, consisting of approximately 11,639,000 kg CO2e from Scope 2 and about 67,488,000 kg CO2e from Scope 3, with roughly 59,935,000 kg CO2e from downstream leased assets.