Mitsubishi Estate

Mitsubishi Estate, a real estate services company based in Japan (JP), has reported substantial carbon emissions. In fiscal year 2023, the company's total emissions, encompassing Scope 1, 2, and 3, amounted to approximately 2.28 billion kg CO2e. This figure breaks down into Scope 1 emissions of about 93 million kg CO2e, Scope 2 emissions of approximately 31 million kg CO2e, and Scope 3 emissions of around 2.05 billion kg CO2e. For fiscal year 2022, total emissions were approximately 2.10 billion kg CO2e, with Scope 1 at about 111 million kg CO2e, Scope 2 at roughly 155 million kg CO2e, and Scope 3 at approximately 1.83 billion kg CO2e.

Mitsubishi Estate has established ambitious climate commitments. The company aims for a 70% reduction in Scope 1 and 2 emissions and at least a 50% reduction in Scope 3 emissions by fiscal year 2030, using fiscal year 2019 as the baseline. Furthermore, Mitsubishi Estate has committed to achieving net-zero greenhouse gas emissions across its value chain by fiscal year 2050. The company has also joined the RE100 initiative, pledging to source 100% renewable electricity by 2050. These targets are aligned with a 1.5°C warming pathway, as validated by the Science Based Targets initiative (SBTi).