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 35 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 a greenhouse gas (GHG) emission intensity of approximately 0.00019 kg CO2e per JPY of revenue, reflecting their ongoing commitment to sustainability. The company has set ambitious targets to reduce its carbon footprint, aiming for a 35% reduction in CO2 emission intensity for both Scope 1 and Scope 2 emissions by 2030, compared to 2018 levels. For long-term goals, Orix JREIT has committed to a 90% reduction in total GHG emissions across all scopes (1, 2, and 3) by 2050, using 2021 as the baseline year. This commitment includes a near-term target of reducing Scope 1 and Scope 2 emissions by 42% by 2030. Orix JREIT's climate strategy aligns with the Science Based Targets initiative (SBTi), ensuring that their targets are consistent with the global aim to limit warming to 1.5°C. The company is also dedicated to achieving net-zero emissions by 2050, demonstrating a proactive approach to addressing climate change within the real estate sector.
Access structured emissions data, company-specific emission factors, and source documents
2020 | |
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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.