Nomura Real Estate Holdings, Inc.

Nomura Real Estate Holdings, Inc. Carbon Emissions and Climate Commitments

Nomura Real Estate Holdings, Inc., headquartered in Japan and operating within the real estate services industry, reported a total of approximately 2.13 billion kg CO2e in emissions for the fiscal year 2025. This figure encompasses Scope 1, 2, and 3 emissions.

Emissions Breakdown (kg CO2e):

• 2025:
  • Total: 2,133,748,000
  • Scope 1: 27,000
  • Scope 2: 38,000 (market-based)
  • Scope 3: 2,068,000 (with significant contributions from purchased goods and services at 816,000 kg CO2e, and use of sold products at 617,000 kg CO2e)
• 2024:
  • Total: 2,168,921,000
  • Scope 1: 24,000
  • Scope 2: 27,000
  • Scope 3: 2,116,000 (with purchased goods and services at 773,000 kg CO2e, and use of sold products at 1,054,000 kg CO2e)
• 2023:
  • Total: 2,173,920,000
  • Scope 1: 23,000
  • Scope 2: 74,000
  • Scope 3: 2,075,000 (with purchased goods and services at 698,000 kg CO2e, and use of sold products at 1,170,000 kg CO2e)

Climate Commitments and Reduction Targets:

Nomura Real Estate Holdings, Inc. has established several key climate targets:

• Net-Zero by 2050: The company aims to achieve carbon neutrality across all its Scope 1, 2, and 3 emissions by 2050.
• Near-Term Reductions:
  • A commitment to reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 60% by FY2030, against a FY2019 baseline.
  • A commitment to reduce absolute Scope 3 GHG emissions from purchased goods and services, use of sold products, and downstream leased assets by 50% by FY2030, against a FY2019 baseline.
  • Additionally, the company has a target for a 35% reduction in Scope 1 and 2 emissions by 2030, compared to the fiscal year ended March 31, 2020. This target is recognised by the Science Based Targets initiative (SBTi).
• Long-Term Reductions:
  • The company commits to reducing absolute Scope 1 and 2 GHG emissions by 90% by FY2050, against a FY2019 baseline.
  • It also commits to reducing absolute Scope 3 GHG emissions by 90% by FY2050, against a FY2019 baseline.

These targets are aligned with a 1.5°C trajectory as validated by the Science Based Targets initiative (SBTi). The company's 2023 annual report indicates progress towards its climate goals.