Mitsubishi Estate

Mitsubishi Estate, a real estate services company headquartered in Japan, has not yet reported its carbon emissions for the most recent year.

In 2023, Mitsubishi Estate reported total Scope 1, 2, and 3 emissions of approximately 2.28 billion kg CO2e. This included Scope 1 emissions of 93.03 million kg CO2e, Scope 2 emissions of 31.21 million kg CO2e, and Scope 3 emissions of approximately 2.05 billion kg CO2e.

Looking back, their total emissions were approximately 2.10 billion kg CO2e in 2022, 2.53 billion kg CO2e in 2021, 3.53 billion kg CO2e in 2020, 4.04 billion kg CO2e in 2019, 3.59 billion kg CO2e in 2018, and 3.34 billion kg CO2e in 2017.

Mitsubishi Estate has set several ambitious climate targets. The company has committed to achieving net-zero greenhouse gas emissions across its value chain by FY2050, from a FY2019 base year. This commitment is validated by the Science Based Targets initiative (SBTi) with a 1.5°C classification.

Their near-term SBTi targets, from a FY2019 base year, include:

• A 70% reduction in absolute Scope 1 and 2 GHG emissions by FY2030.
• A 50% reduction in absolute Scope 3 GHG emissions by FY2030.

For long-term SBTi targets, Mitsubishi Estate aims to reduce absolute Scope 1, 2, and 3 GHG emissions by 90% by FY2050 from a FY2019 base year.

The company is also a member of RE100, committing to switch to 100% renewable energy for its electricity use by 2050.