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OrganisationsMitsubishi Estate
Mitsubishi Estate logo

Mitsubishi Estate

Real Estate ServicesJapan
Last verified 1 month agomec.co.jp

Mitsubishi Estate Co., Ltd., a leading player in the real estate services industry, is headquartered in Tokyo, Japan. Established in 1937, the company has built a strong reputation for its comprehensive portfolio, which includes property development, leasing, and management services. With a focus on urban development, Mitsubishi Estate operates primarily in Japan, while also expanding its presence in key international markets.

The company is renowned for its innovative approach to real estate, offering unique solutions that enhance urban living and sustainability. Notable achievements include the development of iconic properties such as the Marunouchi district in Tokyo, which exemplifies its commitment to creating vibrant urban spaces. As a market leader, Mitsubishi Estate continues to shape the landscape of real estate services, driving growth and setting industry standards.

67
DitchCarbon score

+38 vs industry average

Mitsubishi Estate’s score of 67 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.

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Mitsubishi Estate’s sustainability team

YN

yorihiro nagai

Sustainability Manager

Hideki Kobayashi

Hideki Kobayashi

Genaral Manager, Sustainability

Industry Intensity

Very Low

Real Estate Services is among the least carbon-intensive industries

Industry performance

0.221
20182025

The Real Estate Services industry has reduced its overall emissions by 17% since 2018

Emissions trajectory 2020 – 2027

0.0B0B0B0B0

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20202021202220232024202520262027

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Mitsubishi Estate's reported carbon emissions

In fiscal year 2024, Mitsubishi Estate (JP), a real estate services company, reported total emissions of approximately 2.08 billion kg CO2e. This figure comprises approximately 215.1 million kg CO2e from Scope 1 and 2 emissions, and approximately 1.87 billion kg CO2e from Scope 3 emissions.

Mitsubishi Estate has established robust climate commitments and reduction targets. The company is committed to achieving net-zero greenhouse gas emissions across its value chain by fiscal year 2050, using fiscal year 2019 as a base year.

Near-term targets include reducing Scope 1 and 2 emissions by 70% or more by fiscal year 2030, and Scope 3 emissions by at least 50% by fiscal year 2030, both relative to fiscal year 2019. Furthermore, there is a long-term commitment to reduce absolute Scope 1, 2, and 3 GHG emissions by 90% by fiscal year 2050 from the fiscal year 2019 baseline. The company has also joined RE100, with a commitment to switch to 100% renewable energy for its electricity usage by 2050.

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Mitsubishi Estate’s Climate Goals (2030 & 2050)

4 goals

2030

70% reduction in Scope 2

Mitsubishi Estate Co., LTD. commits to reduce absolute scope 2 GHG emissions 70% by FY2030 from a FY2019 base year.

On track70%

2030

50% reduction in scope 3 total

Mitsubishi Estate Co., LTD. commits to reduce absolute scope 3 GHG emissions 50% by FY2030 from a FY2019 base year.

At risk50%

2050

Mitsubishi Estate Co

Mitsubishi Estate Co., LTD. commits to reach net-zero greenhouse gas emissions across the value chain by FY2050 from a FY2019 base year.

At risk0%

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Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.

Scope 3 top emissions categories

No scope 3 category breakdown has been disclosed yet.

Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

FY2030 targetSee details
Active
CDP

Carbon Disclosure Project

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Active
THE CLIMATE PLEDGE

The Climate Pledge

See details
Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

See details
Active
RE 100

RE 100

2026 targetSee details
Active
Climate Action 100+

Climate Action 100

See details
Not active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Mitsubishi Estate logoMitsubishi Estate
JPReal Estate Services
1 month ago
67
Sodexo logoSodexo
FRCommunity Food Services
7 days ago
100
View
Cbre logoCbre
USReal Estate Services
7 days ago
97
View
Sekisui House logoSekisui House
JPConstruction Work
8 hours ago
70
View
Jones Lang Lasalle logoJones Lang Lasalle
USReal Estate Services
7 days ago
67
View
Tokyu Land Corporation logoTokyu Land Corporation
JPConstruction Work
7 days ago
56
View
Boston Properties logoBoston Properties
USMembership Services
6 days ago
55
View

Frequently asked questions

Common questions about Mitsubishi Estate’s sustainability data and climate commitments

In fiscal year 2024, Mitsubishi Estate's total carbon emissions were approximately 2.08 million tonnes of CO₂e. The emissions comprised roughly 215,000 tonnes from Scope 1 and 2 combined, and about 1.87 million tonnes from Scope 3. This indicates that the majority, over 90%, of its emissions originate from its supply chain and indirect activities. The company reports these figures annually, reflecting its commitment to transparency and climate action within the real estate sector in Japan, aligning with its long-term net-zero targets for 2050.

Data year: 2024

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