Tokyu Fudosan Holdings

Tokyu Fudosan Holdings, headquartered in Japan, reported total emissions of approximately 1.42 billion kg CO2e in 2024. This figure comprises about 37 million kg CO2e from Scope 1, 26.4 million kg CO2e from Scope 2, and 1.33 billion kg CO2e from Scope 3 emissions. In 2023, the company's total emissions were approximately 1.73 billion kg CO2e, with Scope 1 at 48.6 million kg CO2e, Scope 2 at 35.3 million kg CO2e, and Scope 3 at 1.65 billion kg CO2e.

Tokyu Fudosan Holdings has set ambitious climate commitments. The company aims for net-zero greenhouse gas emissions across its value chain by FY2050, a target that has been approved by the Science Based Targets initiative (SBTi). For the near term, it commits to reducing absolute Scope 1 and 2 GHG emissions by 46.2% by FY2030, using FY2019 as a base year. Additionally, it aims to reduce absolute Scope 3 GHG emissions from purchased goods and services, capital goods, and use of sold products by 46% within the same timeframe. Long-term targets include a 90% reduction in absolute Scope 1 and 2 GHG emissions by 2050 from a FY2019 base year, and a 90% reduction in absolute Scope 3 emissions (covering purchased goods and services, capital goods, and use of sold products) also by 2050.

Historically, Tokyu Fudosan Holdings also aimed to become carbon negative by fiscal 2025 for Scope 1 and 2 emissions. Previous intensity-based targets included a 25% reduction in CO2 emissions per floor area of business offices (Scope 1) by FY2020 compared to FY2005 levels, and a similar 25% reduction for the real estate portfolio (Scope 2) by FY2020 compared to FY2005.