Mitsubishi Estate

Mitsubishi Estate's reported carbon emissions

Mitsubishi Estate, a real estate services company headquartered in Japan, is committed to significant greenhouse gas (GHG) emission reductions. For the reporting year 2023, the company reported a total of approximately 2.28 billion kg CO2e. This breaks down into approximately 93 million kg CO2e for Scope 1 emissions, approximately 31 million kg CO2e for Scope 2, and approximately 2.05 billion kg CO2e for Scope 3. Looking at Scope 3 emissions in detail for 2023, the largest contributors were capital goods (approximately 1.12 billion kg CO2e) and the use of sold products (approximately 431 million kg CO2e). Mitsubishi Estate has set ambitious targets aligned with climate science. They are committed to reducing absolute Scope 1 and 2 GHG emissions by 70% or more and Scope 3 emissions by 50% or more by fiscal year 2030, using fiscal year 2019 as the baseline. Furthermore, the company aims for an 87% reduction in Scope 1 emissions by 2050. Their long-term vision includes reaching net-zero greenhouse gas emissions across the value chain by FY2050, with a commitment to switching to 100% renewable energy for their electricity consumption by the same year. These targets are validated by the Science Based Targets initiative (SBTi).