Orix Jreit, officially known as Orix Real Estate Investment Corporation, is a prominent player in Japan's real estate investment trust (REIT) sector. Headquartered in Tokyo, Japan, the company primarily operates within the Japanese real estate market, focusing on the acquisition and management of income-generating properties. Founded in 2003, Orix Jreit has achieved significant milestones, including a robust portfolio that spans various asset classes such as residential, commercial, and logistics properties. The company distinguishes itself through its strategic investment approach and commitment to sustainable practices, ensuring long-term value for its stakeholders. With a strong market position, Orix Jreit has garnered recognition for its consistent performance and innovative asset management strategies, making it a trusted name in the Japanese REIT landscape.
How does Orix Jreit'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.
Mean score of companies in the Real Estate Services 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.
Orix Jreit's score of 40 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, ORIX JREIT Inc., headquartered in Japan, reported no specific carbon emissions data. However, the company has set ambitious climate commitments, aiming to reduce its greenhouse gas emissions significantly. ORIX JREIT has established a target to reduce Scope 1 and Scope 2 emissions by 42% by 2030, using 2021 as the base year. Additionally, the company is committed to achieving a 90% reduction in total emissions (Scope 1, 2, and 3) by 2050, also from a 2021 baseline. The company’s emissions intensity for properties under its operational control is targeted to decrease by 35% by 2030 compared to 2018 levels. This commitment reflects ORIX JREIT's alignment with industry standards for climate action, including targets validated by the Science Based Targets initiative (SBTi). In previous years, ORIX JREIT reported total emissions of approximately 78,936,000 kg CO2e in 2020, with Scope 1 emissions at about 784,000 kg CO2e, Scope 2 at approximately 17,644,000 kg CO2e, and Scope 3 at around 60,508,000 kg CO2e. The company has not disclosed emissions data for 2021, 2022, or 2023, indicating a potential area for improvement in transparency. Overall, ORIX JREIT's climate commitments demonstrate a proactive approach to reducing its carbon footprint and contributing to global climate goals.
Access structured emissions data, company-specific emission factors, and source documents
2020 | |
---|---|
Scope 1 | 784,000 |
Scope 2 | 17,644,000 |
Scope 3 | 60,508,000 |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Orix Jreit is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.