Mitsubishi Estate
Mitsubishi Estate Co., Ltd., a prominent player in the real estate industry, is headquartered in Tokyo, Japan. Established in 1937, the company has evolved into a leading developer and manager of commercial and residential properties, primarily operating in Japan and expanding its reach internationally. Mitsubishi Estate is renowned for its diverse portfolio, which includes office buildings, retail spaces, and urban development projects. The company’s commitment to sustainability and innovative design sets it apart in a competitive market. Notable achievements include the development of landmark properties such as the Marunouchi district in Tokyo, which exemplifies its influence in urban planning and real estate development. With a strong market position, Mitsubishi Estate continues to shape the landscape of modern living and working environments.
DitchCarbon Score
How does Mitsubishi Estate'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.
Industry Average
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.
Industry Benchmark
Mitsubishi Estate's score of 64 is higher than 86% 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 reported carbon emissions
In 2023, Mitsubishi Estate reported total greenhouse gas emissions of approximately 2,277,376,000 kg CO2e, with Scope 1 and 2 emissions accounting for about 224,239,000 kg CO2e and Scope 3 emissions contributing approximately 2,053,137,000 kg CO2e. This marked a significant increase from 2022, where total emissions were about 2,099,270,000 kg CO2e, with Scope 1 at 110,783,000 kg CO2e, Scope 2 at 154,659,000 kg CO2e, and Scope 3 at 1,833,828,000 kg CO2e. Mitsubishi Estate has set ambitious climate commitments, aiming for a 70% reduction in absolute Scope 1 and 2 emissions and a 50% reduction in Scope 3 emissions by fiscal year 2030, using fiscal year 2019 as a baseline. Furthermore, the company has pledged to achieve net-zero greenhouse gas emissions across its entire value chain by fiscal year 2050. Long-term targets include a 90% reduction in absolute emissions across all scopes by 2050. The company is also a member of the RE100 initiative, committing to transition to 100% renewable energy for its electricity consumption by 2050. These initiatives reflect Mitsubishi Estate's dedication to addressing climate change and reducing its carbon footprint in the real estate sector.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 108,289,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - |
| Scope 2 | 564,033,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - |
| Scope 3 | 2,916,023,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
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.
Mitsubishi Estate 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.
