Mitsubishi Estate

Mitsubishi Estate, a real estate services company headquartered in Japan, reported total emissions of approximately 2.08 billion kg CO2e in 2024. This figure includes Scope 1 emissions of approximately 99.14 million kg CO2e, Scope 2 emissions of approximately 115.96 million kg CO2e, and Scope 3 emissions of approximately 1.87 billion kg CO2e.

Looking back, in 2023, the company's total emissions were approximately 2.28 billion kg CO2e, with Scope 1 at about 93.03 million kg CO2e, Scope 2 at about 131.21 million kg CO2e, and Scope 3 at about 2.05 billion kg CO2e. This indicates a decrease in total emissions between 2023 and 2024. In 2022, total emissions were approximately 2.10 billion kg CO2e, comprising about 110.78 million kg CO2e from Scope 1, 154.66 million kg CO2e from Scope 2, and 1.83 billion kg CO2e from Scope 3.

Mitsubishi Estate has set ambitious climate commitments. The company is committed to achieving net-zero greenhouse gas emissions across its entire value chain by FY2050, from a FY2019 base year. This includes near-term targets to reduce absolute Scope 1 and 2 GHG emissions by 70% by FY2030, and absolute Scope 3 GHG emissions by 50% by FY2030, also from a FY2019 base year. These targets are validated by the Science Based Targets initiative (SBTi) and are consistent with reductions required to limit global warming to 1.5°C. For the long-term, Mitsubishi Estate aims for a 90% reduction in absolute Scope 1, 2, and 3 GHG emissions 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.