Tokyu Fudosan Holdings

Tokyu Fudosan Holdings's reported carbon emissions

Tokyu Fudosan Holdings, headquartered in JP, is committed to reducing its environmental impact. For the fiscal year 2024, the company reported total emissions of approximately 1.4 billion kg CO2e. This figure is comprised of Scope 1 emissions of approximately 37.1 million kg CO2e, Scope 2 emissions of approximately 26.4 million kg CO2e, and Scope 3 emissions totalling approximately 1.33 billion kg CO2e. The primary contributors to its Scope 3 emissions include purchased goods and services (about 848.1 million kg CO2e) and the use of sold products (approximately 177.7 million kg CO2e). The company has established robust climate targets, aligning with the Science Based Targets initiative (SBTi). Tokyu Fudosan Holdings has committed to a near-term reduction of 46.2% in absolute Scope 1 and Scope 2 greenhouse gas (GHG) emissions by fiscal year 2030, using fiscal year 2019 as a base year. Furthermore, they aim for a 46% reduction in absolute Scope 3 GHG emissions from purchased goods and services, capital goods, and the use of sold products over the same timeframe. Looking towards the long term, Tokyu Fudosan Holdings aims to achieve net-zero GHG emissions across its value chain by fiscal year 2050. This includes a commitment to reduce absolute Scope 1 and Scope 2 GHG emissions by 90% by 2050 from the fiscal year 2019 baseline, and a corresponding 90% reduction in absolute Scope 3 GHG emissions from purchased goods and services, capital goods, and use of sold products. Previously, the company had targets to reduce CO2 emissions per floor area of its business offices and real estate portfolio by 25% compared to fiscal year 2005 levels by fiscal year 2020. In more recent commitments, Tokyu Fudosan Holdings aimed to become carbon negative by fiscal year 2025 and achieve a 50% reduction in Scope 1 and Scope 2 emissions (compared to fiscal year 2019 levels) by fiscal year 2023. Their 2050 net-zero emissions targets were officially approved in July 2024. All emissions data and targets originate directly from Tokyu Fudosan Holdings, with no cascading from other organisations mentioned.