Mitsubishi Estate

Mitsubishi Estate, a real estate services company headquartered in Japan, reported total emissions of approximately 2.08 billion kg CO2e in 2024. This includes around 1.87 billion kg CO2e from Scope 3 emissions and approximately 215.1 million kg CO2e from Scope 1 and 2 emissions. In 2023, total emissions were about 2.28 billion kg CO2e, comprising around 93.0 million kg CO2e (Scope 1), 31.2 million kg CO2e (Scope 2), and 2.05 billion kg CO2e (Scope 3). The company's total emissions in 2022 were approximately 2.10 billion kg CO2e, with about 110.8 million kg CO2e from Scope 1, 154.7 million kg CO2e from Scope 2, and 1.83 billion kg CO2e from Scope 3.

Mitsubishi Estate has set several climate commitments and reduction targets. The company commits to achieving net-zero greenhouse gas emissions across its value chain by FY2050 from a FY2019 base year. Near-term targets, validated by the Science Based Targets initiative (SBTi), include a 70% absolute reduction in Scope 1 and 2 GHG emissions by FY2030, and a 50% absolute reduction in Scope 3 GHG emissions by FY2030, both against a FY2019 baseline. Long-term, Mitsubishi Estate aims for a 90% absolute reduction in Scope 1, 2, and 3 GHG emissions by FY2050 from a FY2019 base year.

Additionally, Mitsubishi Estate has committed to switching to 100% renewable energy for the electricity it uses by 2050 through its participation in RE100.