Orix Jreit

ORIX Jreit, a Japan-based real estate services company, reported total emissions of approximately 101,876,000 kg CO2e in 2024. In 2023, its total emissions were around 43,676,000 kg CO2e, including approximately 24,317,000 kg CO2e for Scope 1 and 2 emissions. This follows approximately 100,988,000 kg CO2e in 2022, with Scope 1 and 2 emissions at around 33,282,000 kg CO2e. In 2021, total emissions were about 105,472,000 kg CO2e, with Scope 1 and 2 emissions at approximately 50,961,000 kg CO2e.

Looking further back, in 2020, ORIX Jreit reported Scope 2 emissions of approximately 17,644,000 kg CO2e and Scope 3 emissions of around 28,815,000 kg CO2e. In 2019, Scope 2 emissions were about 13,504,000 kg CO2e, and Scope 3 emissions were approximately 29,457,000 kg CO2e. For 2018, Scope 2 emissions were approximately 53,594,000 kg CO2e, and Scope 3 emissions were around 36,999,000 kg CO2e. The company has not disclosed comprehensive Scope 1 emissions data for these earlier years.

ORIX Jreit has set ambitious climate commitments. It aims to reduce Scope 1 and Scope 2 GHG emissions by 42% by 2030, using a 2021 base year. Additionally, the company commits to measuring and reducing its Scope 3 emissions. ORIX Jreit has a long-term goal to achieve net-zero emissions by 2050, which includes a 90% reduction in Scope 1, Scope 2, and Scope 3 emissions compared to the 2021 base year. These targets are approved by the Science Based Targets initiative (SBTi) for Small and Medium-sized Enterprises (SMEs). The company also aims to reduce CO2 emission intensity for properties under its operational control by 35% by 2030, compared to 2018 levels for both Scope 1 and Scope 2. A further commitment includes using 50% renewable energy in Scope 1, Scope 2, and the operationally controlled portion of Scope 3 by 2030.