Orix Jreit Sustainability Profile
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 45 is higher than 64% 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 total greenhouse gas emissions of approximately 43,676,000 kg CO2e, with Scope 1 and 2 emissions accounting for about 24,317,000 kg CO2e. The previous year, 2022, saw total emissions of around 100,988,000 kg CO2e, with Scope 1 and 2 emissions at approximately 33,282,000 kg CO2e. This indicates a significant reduction in emissions from 2022 to 2023. ORIX JREIT has set ambitious climate commitments, aiming to reduce Scope 1 and Scope 2 GHG emissions by 42% by 2030 from a 2021 base year. Additionally, the company has 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 base year. These targets align with the Science Based Targets initiative (SBTi) and are designed to support the global effort to limit warming to 1.5°C. The company also aims to reduce CO2 emission intensity by 35% by 2030 for properties under its operational control, compared to 2018 levels. This commitment reflects ORIX JREIT's proactive approach to managing its carbon footprint and contributing to climate action within the real estate sector.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 784,000 | - | - | - |
| Scope 2 | 17,644,000 | - | - | - |
| Scope 3 | 60,508,000 | - | - | - |
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Orix Jreit'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.
Orix Jreit 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 Orix Jreit's sustainability data and climate commitments