Tokyu Land Corporation

Tokyu Land Corporation, headquartered in Japan and operating in construction work (45), reported a total of approximately 3.66 billion kg CO2e in 2023. This figure encompasses Scope 1, 2, and 3 emissions. In the same year, Scope 1 emissions were approximately 48.6 million kg CO2e, Scope 2 emissions stood at about 35.3 million kg CO2e, and Scope 3 emissions amounted to approximately 3.22 billion kg CO2e.

In 2022, the company's total emissions were approximately 3.50 billion kg CO2e, with Scope 1 at approximately 54.6 million kg CO2e, Scope 2 at around 84.2 million kg CO2e, and Scope 3 at approximately 3.37 billion kg CO2e.

Tokyu Land Corporation has set a near-term climate commitment to reduce CO2 emissions by 46.2% compared to the 2019 fiscal year baseline, with a target year of 2030. This target covers all scopes of emissions. The company's reporting indicates that it is currently on track for its two-year reduction goals related to this commitment.

For the reporting year 2023, the company's Scope 3 emissions were largely driven by purchased goods and services (approximately 938.1 million kg CO2e) and the use of sold products (approximately 254 million kg CO2e). In 2022, purchased goods and services accounted for roughly 797.9 million kg CO2e, and the use of sold products for about 558.8 million kg CO2e. Fuel and energy-related activities also contributed significantly to Scope 3 emissions in both years.

Tokyu Land Corporation's emissions data is cascaded from its ultimate parent, Tokyu Fudosan Holdings Corporation. While Tokyu Land Corporation is the direct source for CDP and RE100 initiatives, its SBTi and RTZ targets are inherited from Tokyu Fudosan Holdings Corporation at cascade level 1.