Orix Jreit, officially known as Orix Real Estate Investment Corporation, is a prominent player in Japan's real estate investment trust (REIT) sector. Headquartered in Tokyo, Japan, the company primarily operates within the Japanese real estate market, focusing on the acquisition and management of income-generating properties. Founded in 2003, Orix Jreit has achieved significant milestones, including a robust portfolio that spans various asset classes such as residential, commercial, and logistics properties. The company distinguishes itself through its strategic investment approach and commitment to sustainable practices, ensuring long-term value for its stakeholders. With a strong market position, Orix Jreit has garnered recognition for its consistent performance and innovative asset management strategies, making it a trusted name in the Japanese REIT landscape.
How does Orix Jreit's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Real Estate Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Orix Jreit's score of 45 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, ORIX JREIT Inc. reported total carbon emissions of approximately 43,676,000 kg CO2e, with Scope 1 and 2 emissions accounting for about 24,317,000 kg CO2e. This represents a significant reduction from 2022, where total emissions were approximately 100,988,000 kg CO2e, with Scope 1 and 2 emissions at about 33,282,000 kg CO2e. The company has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 greenhouse gas emissions by 42% by 2030, using 2021 as the base year. Additionally, ORIX JREIT has committed to achieving a 90% reduction in total emissions (Scope 1, 2, and 3) by 2050, also from a 2021 baseline. Furthermore, the company has pledged to reach net-zero emissions by 2050. These targets align with the Science Based Targets initiative (SBTi) and are classified under the 1.5°C pathway, demonstrating ORIX JREIT's commitment to addressing climate change effectively. The company’s emissions data is sourced directly from its own reporting, with no cascaded data from parent organizations.
Access structured emissions data, company-specific emission factors, and source documents
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 784,000 | - | - | - |
| Scope 2 | 17,644,000 | - | - | - |
| Scope 3 | 60,508,000 | - | - | - |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Orix Jreit is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
