Nippon Building Fund Sustainability Profile
Nippon Building Fund, also known as NBF, is a prominent player in the Japanese real estate investment trust (REIT) sector, headquartered in Tokyo, Japan. Established in 2003, NBF has steadily built a robust portfolio, focusing on the acquisition and management of high-quality commercial properties across major urban regions in Japan, including Tokyo and Osaka. Specialising in office buildings and retail spaces, NBF distinguishes itself through its commitment to sustainable development and tenant satisfaction. The company has achieved notable milestones, including consistent dividend payouts and a strong market position, making it a trusted choice for investors seeking exposure to Japan's dynamic real estate market. With a reputation for excellence, Nippon Building Fund continues to shape the landscape of property investment in Japan.
DitchCarbon Score
How does Nippon Building Fund's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Construction Work industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Nippon Building Fund's score of 59 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Nippon Building Fund's reported carbon emissions
In 2024, Nippon Building Fund (NBF) reported Scope 1 emissions of approximately 3,897,000 kg CO2e. For the previous year, 2023, total emissions were about 124,487,000 kg CO2e, comprising 4,354,000 kg CO2e from Scope 1, 17,983,000 kg CO2e from Scope 2, and a significant 111,934,000 kg CO2e from Scope 3 emissions. The total emissions for 2022 were around 151,484,000 kg CO2e, with Scope 1 at 4,819,000 kg CO2e and Scope 2 at 20,942,000 kg CO2e. NBF has set ambitious climate commitments, aiming to reduce Scope 1 and Scope 2 greenhouse gas emissions by 42% by 2030 from a 2021 baseline. Additionally, the company is committed to achieving net-zero emissions by 2050, with a target to reduce total emissions (Scope 1, 2, and 3) by 90% from the same baseline year. These targets have been validated by the Science Based Targets initiative (SBTi) and are aligned with the 1.5°C climate goal. NBF's reduction initiatives include a specific target to cut energy-based CO2 emissions by 46% or more from 2013 levels by 2030, reflecting a strong commitment to sustainability within the real estate sector.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 13,858,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 144,852,000 | 000,000,000 | 000,000,000 | 00,000,000 | 0,000,000 | - |
| Scope 3 | - | - | - | 000,000,000 | 000,000,000 | - |
How Carbon Intensive is Nippon Building Fund's Industry?
How Carbon Intensive is Nippon Building Fund's Location?
Nippon Building Fund's Scope 3 Categories Breakdown
Nippon Building Fund's Scope 3 emissions, which decreased by 15% last year and decreased by approximately 15% since 2022, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Downstream Leased Assets" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Nippon Building Fund's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Nippon Building Fund has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Nippon Building Fund's sustainability data and climate commitments