Hulic Reit

Hulic Reit, a real estate services company headquartered in Japan, reported total emissions of approximately 73,498,000 kg CO2e in 2024. This includes about 6,618,000 kg CO2e from Scope 2 and about 66,614,000 kg CO2e from Scope 3, with roughly 58,831,000 kg CO2e attributed to downstream leased assets. In 2023, the company's total emissions were approximately 76,425,000 kg CO2e, comprising about 11,148,000 kg CO2e from Scope 2 and about 65,297,000 kg CO2e from Scope 3, of which roughly 58,092,000 kg CO2e were 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 a 2022 base year. Additionally, the company is committed to reducing absolute Scope 3 GHG emissions from downstream leased assets by 25% within the same timeframe. These targets cover greenhouse gas emissions from company operations (Scopes 1 and 2) and are consistent with reductions required to limit global warming to 1.5°C.