Hulic Co Ltd

Common Name
Hulic
Country
Japan
Sector
Real Estate
Industry
Real Estate Services
Employees
2,828
Ticker
3003
Exchange
TOKYO STOCK EXCHANGE
Description
Hulic Co., Ltd. is a prominent player in the real estate industry, primarily involved in property development, leasing, and management. The company specializes in developing urban commercial propertie...

Hulic's GHG Emissions Data Preview

In 2024, Hulic completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Hulic has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Hulic’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Hulic’s data sources below and access millions more through our Disclosure Search.

a. Hulic's Environmental Progress Report 2024
a. Hulic's Environmental Progress Report 2024

Insights into Hulic's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Hulic amounted to 38,507 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Hulic increased by 109.69%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Hulic's Scope 1 Emissions Over Time

20192020202120222023202404 k8 k12 k16 ktCO2e-30%+8%+16%+1%+5%
  • Total Scope 1
  • Year-over-Year Change

What are Hulic's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Hulic were 13,869 metric tons of CO₂ equivalent (tCO₂e). a

Has Hulic reduced its Scope 1 emissions over time?

Since 2019, Hulic's Scope 1 emissions have decreased by 7.11%, reflecting a declining long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2023), Hulic's Scope 1 emissions increased by 4.6%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Hulic's Scope 2 emissions?

In 2024, Hulic reported Scope 2 greenhouse gas (GHG) emissions of 148 tCO₂e using the market-based method and 24,638 tCO₂e using the location-based method. a

What methodology does Hulic use for Scope 2 reporting?

In 2024, Hulic reported its Scope 2 emissions using the market-based method and using the location-based method. a

Hulic's Scope 2 Emissions Over Time

20192020202120222023202406.5 k13 k19.5 k26 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Hulic's Value Chain Emissions

In 2024, Hulic reported 264,530 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2024 disclosure of Hulic includes a breakdown across 9 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Hulic's Scope 3 Emissions Over Time

201920202021202220232024070 k140 k210 k280 ktCO2e+18%-22%+14%+9%+1%
  • Total Scope 3
  • Year-over-Year Change

What are Hulic's Scope 3 emissions?

In 2024, Hulic reported total Scope 3 emissions of 264,530 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 45.13% of these emissions originated from upstream activities such as purchased goods and capital goods, while 54.87% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Hulic reduced its Scope 3 emissions over time?

Since 2019, Hulic's Scope 3 emissions have increased by 15.51%, reflecting a rising long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2023), Hulic's Scope 3 emissions remained relatively stable, indicating that Hulic 's emissions have plateaued with no significant change in its value chain footprint. a

What categories of Scope 3 emissions does Hulic disclose?

In 2024, Hulic reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Hulic's Scope 3 emissions?

In 2024, the largest contributors to Hulic's Scope 3 emissions were: a

  • Downstream Leased Assets (Cat. 13): 124,973 tCO₂e (47.24%)
  • Capital Goods (Cat. 2): 67,300 tCO₂e (25.44%)
  • Purchased Goods and Services (Cat. 1): 45,182 tCO₂e (17.08%)

Hulic's Scope 3 Emissions by Categories

Downstream LeasedAssets (Cat. 13)(47.2%)Purchased Goods andServices (Cat. 1)(17.1%)Capital Goods(Cat. 2)(25.4%)

Insights into Hulic’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Hulic reported Scope 1 greenhouse gas (GHG) emissions of 13,869 tCO₂e and total revenues of USD 3,768 millions. This translates into an emissions intensity of 3.68 tCO₂e per millions USD. a

Hulic's Scope 1 Emissions Intensity Compared to Peers

201,00020,000500,000Scope 1 Emissions (tCO2e)502002,00010,000100,000Revenues (Millions of USD)JDaito Trust ConstructionYear: 2023Scope 1: 33,584 tCO2eRevenue: $M 12,445Scope 1 Intensity: 2.70 tCO2e/$MJapan Real Estate InvestmentYear: 2024Scope 1: 2,627 tCO2eRevenue: $M 588Scope 1 Intensity: 4.47 tCO2e/$MUnited Urban InvestmentYear: 2024Scope 1: 3,000 tCO2eRevenue: $M 358Scope 1 Intensity: 8.37 tCO2e/$MSumitomo Realty & DevelopmentYear: 2022Scope 1: 44,000 tCO2eRevenue: $M 7,699Scope 1 Intensity: 5.72 tCO2e/$MTokyo TatemonoYear: 2024Scope 1: 13,808 tCO2eRevenue: $M 2,954Scope 1 Intensity: 4.67 tCO2e/$MFrontier Real EstateYear: 2024Scope 1: 239 tCO2eRevenue: $M 156Scope 1 Intensity: 1.53 tCO2e/$MDaiwa House IndustryYear: 2024Scope 1: 218,000 tCO2eRevenue: $M 34,356Scope 1 Intensity: 6.35 tCO2e/$MIIFYear: 2023Scope 1: 24,149 tCO2eRevenue: $M 254Scope 1 Intensity: 94.97 tCO2e/$MJJJapan Prime Realty InvestmentYear: 2023Scope 1: 1,440 tCO2eRevenue: $M 252Scope 1 Intensity: 5.72 tCO2e/$MInvincible InvestmentYear: 2024Scope 1: 14 tCO2eRevenue: $M 297Scope 1 Intensity: 0.05 tCO2e/$MMEL REITYear: 2023Scope 1: 1 tCO2eRevenue: $M 100Scope 1 Intensity: 0.01 tCO2e/$MTokyu Fudosan HoldingsYear: 2023Scope 1: 52,100 tCO2eRevenue: $M 7,551Scope 1 Intensity: 6.90 tCO2e/$MGORYear: 2024Scope 1: 360 tCO2eRevenue: $M 96Scope 1 Intensity: 3.77 tCO2e/$MJMFYear: 2024Scope 1: 4,988 tCO2eRevenue: $M 564Scope 1 Intensity: 8.84 tCO2e/$MMitsui FudosanYear: 2024Scope 1: 209,000 tCO2eRevenue: $M 15,737Scope 1 Intensity: 13.28 tCO2e/$MOpen House GroupYear: 2022Scope 1: 1,118 tCO2eRevenue: $M 6,596Scope 1 Intensity: 0.17 tCO2e/$MNomura Real Estate Master FundYear: 2023Scope 1: 1,196 tCO2eRevenue: $M 572Scope 1 Intensity: 2.09 tCO2e/$MDaiwa House REIT InvestmentYear: 2024Scope 1: 190 tCO2eRevenue: $M 427Scope 1 Intensity: 0.44 tCO2e/$MMitsubishi EstateYear: 2024Scope 1: 99,135 tCO2eRevenue: $M 9,936Scope 1 Intensity: 9.98 tCO2e/$MNomura Real Estate HoldingsYear: 2023Scope 1: 24,000 tCO2eRevenue: $M 4,915Scope 1 Intensity: 4.88 tCO2e/$MHulicYear: 2024Scope 1: 13,869 tCO2eRevenue: $M 3,768Scope 1 Intensity: 3.68 tCO2e/$M

How does Hulic's GHG emissions intensity compare to its peers?

In 2024, Hulic reported a Scope 1 emissions intensity of 3.68 tCO₂e per millions USD. Compared to the peer group median of 4.78 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Hulic rank on GHG emissions intensity within its industry?

In 2024, Hulic ranked 8 out of 20 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Hulic is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into Hulic's Total Carbon Footprint

In 2024, Hulic reported a total carbon footprint of 303,037 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 8.41% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Hulic's total carbon footprint was Scope 3 emissions, accounting for 87.29% of the company's total carbon footprint, followed by Scope 2 emissions at 8.13%. a

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