Mitsubishi Estate

Mitsubishi Estate, a real estate services company headquartered in Japan, reported its total carbon emissions for 2023 as approximately 2.28 billion kg CO2e. This included 93.03 million kg CO2e from Scope 1 emissions, 31.21 million kg CO2e from Scope 2 emissions, and approximately 2.05 billion kg CO2e from Scope 3 emissions.

For 2022, the company's total emissions were approximately 2.10 billion kg CO2e, with 110.78 million kg CO2e from Scope 1, 154.66 million kg CO2e from Scope 2, and approximately 1.83 billion kg CO2e from Scope 3.

In 2021, total emissions were around 2.53 billion kg CO2e, comprising 120.71 million kg CO2e from Scope 1, 191.49 million kg CO2e from Scope 2, and approximately 2.22 billion kg CO2e from Scope 3.

For 2020, total emissions stood at approximately 3.53 billion kg CO2e, with 116.91 million kg CO2e from Scope 1, 296.24 million kg CO2e from Scope 2, and approximately 3.12 billion kg CO2e from Scope 3.

In 2019, total emissions were approximately 4.04 billion kg CO2e, including 118.35 million kg CO2e from Scope 1, 358.01 million kg CO2e from Scope 2, and approximately 3.56 billion kg CO2e from Scope 3.

For 2018, total emissions were about 3.59 billion kg CO2e, with 108.29 million kg CO2e from Scope 1 and 564.03 million kg CO2e from Scope 2. Scope 3 emissions were not explicitly totalled for this year, but individual categories were reported, including approximately 975.00 million kg CO2e from capital goods, approximately 1.71 billion kg CO2e from use of sold products, and 77.04 million kg CO2e from purchased goods and services.

In 2017, total emissions were approximately 3.34 billion kg CO2e, consisting of 120.63 million kg CO2e from Scope 1 and 575.26 million kg CO2e from Scope 2. Scope 3 emissions were not explicitly totalled for this year, but individual categories were reported, including approximately 990.33 million kg CO2e from capital goods and approximately 1.40 billion kg CO2e from use of sold products.

Mitsubishi Estate has set several climate commitments and reduction targets. The company commits to reaching net-zero greenhouse gas emissions across its value chain by FY2050 from a FY2019 base year. Its near-term Science Based Targets initiative (SBTi) commitments include reducing absolute Scope 1 and 2 GHG emissions by 70% by FY2030 from a FY2019 base year. Additionally, it aims to reduce absolute Scope 3 GHG emissions by 50% by FY2030 from a FY2019 base year. Long-term SBTi targets include reducing absolute Scope 1, 2, and 3 GHG emissions by 90% by FY2050 from a FY2019 base year.

The company has also joined RE100, committing to switch to 100% renewable energy for its electricity use by 2050. Other documented commitments include a 35% reduction in GHG emissions by 2030 (compared to FY2017) and an 87% reduction by 2050 (also compared to FY2017) for Scope 1.