Orix Jreit
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.
DitchCarbon Score
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.
Industry Average
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.
Industry Benchmark
Orix Jreit's score of 35 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Orix Jreit's reported carbon emissions
In 2023, Orix JREIT Inc. reported a greenhouse gas (GHG) emission intensity of approximately 0.00019 kg CO2e per JPY of revenue, reflecting their ongoing commitment to sustainability. The company has set ambitious targets to reduce its carbon footprint, aiming for a 42% reduction in Scope 1 and Scope 2 emissions by 2030, using 2021 as the baseline year. Additionally, Orix JREIT is committed to achieving net-zero emissions by 2050, with a goal to reduce total emissions (Scope 1, 2, and 3) by 90% from the same baseline year. In 2020, Orix JREIT's total emissions were reported at 78,936,000 kg CO2e, with Scope 1 emissions at 784,000 kg CO2e, Scope 2 at 17,644,000 kg CO2e, and Scope 3 at 60,508,000 kg CO2e. The company has not disclosed specific emissions data for the years 2021 to 2022, but their commitment to reducing emissions intensity by 35% for properties under their operational control by 2030 further underscores their proactive approach to climate action. Orix JREIT's targets align with the Science Based Targets initiative (SBTi), ensuring that their strategies are consistent with the global goal of limiting temperature rise to 1.5°C. The company is focused on measuring and reducing its Scope 3 emissions, which encompass indirect emissions from its value chain, thereby enhancing its overall sustainability efforts.
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| 2020 | |
|---|---|
| Scope 1 | 784,000 |
| Scope 2 | 17,644,000 |
| Scope 3 | 60,508,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
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.
