Mitsubishi Estate Logistics REIT Investment Corp

Common Name
MEL REIT
Country
Japan
Sector
Real Estate
Industry
REIT - Industrial
Employees
N/A
Ticker
3481
Exchange
TOKYO STOCK EXCHANGE
Description
Mitsubishi Estate Logistics REIT Inc. is a Real Estate Investment Trust focusing on logistics facilities. Its primary function is to invest in and manage a diversified portfolio of logistics propertie...

MEL REIT's GHG Emissions Data Preview

In 2023, MEL REIT 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).

MEL REIT has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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0000000
Location-Based
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind MEL REIT’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 MEL REIT’s data sources below and access millions more through our Disclosure Search.

a. MEL REIT's Sustainability Report 2024
a. MEL REIT's Sustainability Report 2024

Insights into MEL REIT's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of MEL REIT amounted to 1 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 2022, the total operational greenhouse gas (GHG) emissions of MEL REIT decreased by 99.88%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

MEL REIT's Scope 1 Emissions Over Time

20212022202300.250.50.751tCO2e
  • Total Scope 1
  • Year-over-Year Change

What are MEL REIT's Scope 1 emissions?

In 2023, the total Scope 1 emissions of MEL REIT were 1 metric tons of CO₂ equivalent (tCO₂e). a

What are MEL REIT's Scope 2 emissions?

In 2023, MEL REIT reported Scope 2 greenhouse gas (GHG) emissions of 0 tCO₂e using the market-based method. a

Has MEL REIT reduced its Scope 2 emissions over time?

Since 2021, MEL REIT's Scope 2 greenhouse gas (GHG) emissions ( Market-Based) have decreased by 100%, reflecting a declining long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2022), MEL REIT's Scope 2 emissions (Market-Based) fell by 100% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a

What methodology does MEL REIT use for Scope 2 reporting?

In 2023, MEL REIT reported its Scope 2 emissions using the market-based method. a

MEL REIT's Scope 2 Emissions Over Time

20212022202302505007501 ktCO2e
  • Total Scope 2 Market-Based

Insights into MEL REIT's Value Chain Emissions

In 2023, MEL REIT reported 20,632 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 2023 disclosure of MEL REIT includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain a

MEL REIT's Scope 3 Emissions Over Time

202305.5 k11 k16.5 k22 ktCO2e
  • Total Scope 3
  • Year-over-Year Change

What are MEL REIT's Scope 3 emissions?

In 2023, MEL REIT reported total Scope 3 emissions of 20,632 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 32.65% of these emissions originated from upstream activities such as purchased goods and capital goods, while 67.35% came from downstream activities like product use, distribution, and end-of-life treatment. a

What categories of Scope 3 emissions does MEL REIT disclose?

In 2023, MEL REIT reported emissions for 5 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 MEL REIT's Scope 3 emissions?

In 2023, the largest contributors to MEL REIT's Scope 3 emissions were: a

  • Downstream Leased Assets (Cat. 13): 13,895 tCO₂e (67.35%)
  • Purchased Goods and Services (Cat. 1): 3,639 tCO₂e (17.64%)
  • Capital Goods (Cat. 2): 2,301 tCO₂e (11.15%)

MEL REIT's Scope 3 Emissions by Categories

Downstream LeasedAssets (Cat. 13)(67.3%)Purchased Goods andServices (Cat. 1)(17.6%)Capital Goods(Cat. 2)(11.2%)

Insights into MEL REIT’s GHG Emissions Intensity Compared to Industry Peers

In 2023, MEL REIT reported Scope 1 greenhouse gas (GHG) emissions of 1 tCO₂e and total revenues of USD 100 millions. This translates into an emissions intensity of 0.01 tCO₂e per millions USD. a

MEL REIT's Scope 1 Emissions Intensity Compared to Peers

201,00020,000500,000Scope 1 Emissions (tCO2e)502002,00010,000100,000Revenues (Millions of USD)NJTokyo TatemonoYear: 2024Scope 1: 13,808 tCO2eRevenue: $M 2,954Scope 1 Intensity: 4.67 tCO2e/$MNNNippon Building FundYear: 2024Scope 1: 3,897 tCO2eRevenue: $M 644Scope 1 Intensity: 6.05 tCO2e/$MFrontier Real EstateYear: 2024Scope 1: 239 tCO2eRevenue: $M 156Scope 1 Intensity: 1.53 tCO2e/$MDaiwa House IndustryYear: 2024Scope 1: 218,000 tCO2eRevenue: $M 34,356Scope 1 Intensity: 6.35 tCO2e/$MHulicYear: 2024Scope 1: 13,869 tCO2eRevenue: $M 3,768Scope 1 Intensity: 3.68 tCO2e/$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: $M 297Scope 1 Intensity: 0.05 tCO2e/$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: $M 427Scope 1 Intensity: 0.44 tCO2e/$MOrix JREITYear: 2023Scope 1: 1,576 tCO2eRevenue: $M 352Scope 1 Intensity: 4.48 tCO2e/$MMitsubishi EstateYear: 2024Scope 1: 99,135 tCO2eRevenue: $M 9,936Scope 1 Intensity: 9.98 tCO2e/$MAdvance Residence InvestmentYear: 2022Scope 1: 188 tCO2eRevenue: $M 257Scope 1 Intensity: 0.73 tCO2e/$MNomura Real Estate HoldingsYear: 2023Scope 1: 24,000 tCO2eRevenue: $M 4,915Scope 1 Intensity: 4.88 tCO2e/$MSekisui House ReitYear: 2023Scope 1: 50,371 tCO2eRevenue: $M 214Scope 1 Intensity: 235.81 tCO2e/$MLaSalle Logiport REITYear: 2023Scope 1: 126 tCO2eRevenue: $M 152Scope 1 Intensity: 0.83 tCO2e/$MMEL REITYear: 2023Scope 1: 1 tCO2eRevenue: $M 100Scope 1 Intensity: 0.01 tCO2e/$M

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

In 2023, MEL REIT reported a Scope 1 emissions intensity of 0.01 tCO₂e per millions USD. Compared to the peer group median of 4.67 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does MEL REIT rank on GHG emissions intensity within its industry?

In 2023, MEL REIT ranked 1 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places MEL REIT among the top performers, with one of the lowest emissions intensities relative to peers. a

Insights into MEL REIT's Total Carbon Footprint

In 2023, MEL REIT reported a total carbon footprint of 20,633 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 2,299.19% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to MEL REIT's total carbon footprint was Scope 3 emissions, accounting for 100% of the company's total carbon footprint, followed by Scope 1 emissions at 0%. a

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