Mitsubishi Estate Co Ltd

Common Name
Mitsubishi Estate
Country
Japan
Sector
Real Estate
Industry
Real Estate - Diversified
Employees
11,412
Ticker
8802
Exchange
TOKYO STOCK EXCHANGE
Description
Mitsubishi Estate Co., Ltd. is a leading player in the real estate industry, primarily engaged in property development and management. The company plays a pivotal role in managing a diverse portfolio ...

Mitsubishi Estate's GHG Emissions Data Preview

In 2023, Mitsubishi Estate 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).

Mitsubishi Estate 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)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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0000000
Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Mitsubishi Estate’s Greenhouse Gas (GHG) Emissions Data

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a. Mitsubishi Estate's Webpage captured from company’s website 2023
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Insights into Mitsubishi Estate's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Mitsubishi Estate amounted to 224,239 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 Mitsubishi Estate decreased by 15.52%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Mitsubishi Estate's Scope 1 Emissions Over Time

201820192020202120222023035 k70 k105 k140 ktCO2e+9%-1%+3%-8%-16%
  • Total Scope 1
  • Year-over-Year Change

What are Mitsubishi Estate's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Mitsubishi Estate were 93,034 metric tons of CO₂ equivalent (tCO₂e). a

Has Mitsubishi Estate reduced its Scope 1 emissions over time?

Since 2018, Mitsubishi Estate's Scope 1 emissions have decreased by 14.09%, reflecting a declining long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), Mitsubishi Estate's Scope 1 emissions decreased by 16.02%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Mitsubishi Estate's Scope 2 emissions?

In 2023, Mitsubishi Estate reported Scope 2 greenhouse gas (GHG) emissions of 131,205 tCO₂e without specifying the calculation method. a

Has Mitsubishi Estate reduced its Scope 2 emissions over time?

Since 2018, Mitsubishi Estate's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 76.74%, reflecting a declining long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2022), Mitsubishi Estate's Scope 2 emissions (Unspecified Calculation Method) fell by 15.16% 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 Mitsubishi Estate use for Scope 2 reporting?

In 2023, Mitsubishi Estate reported its Scope 2 emissions using an unspecified methodology. a

Mitsubishi Estate's Scope 2 Emissions Over Time

2018201920202021202220230150 k300 k450 k600 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Mitsubishi Estate's Value Chain Emissions

In 2023, Mitsubishi Estate reported 2,053,137 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 Mitsubishi Estate includes a breakdown across 9 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Mitsubishi Estate's Scope 3 Emissions Over Time

2018201920202021202220230900 k1.8 M2.7 M3.6 MtCO2e+22%-12%-29%-17%+12%
  • Total Scope 3
  • Year-over-Year Change

What are Mitsubishi Estate's Scope 3 emissions?

In 2023, Mitsubishi Estate reported total Scope 3 emissions of 2,053,137 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 73.46% of these emissions originated from upstream activities such as purchased goods and capital goods, while 26.54% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Mitsubishi Estate reduced its Scope 3 emissions over time?

Since 2018, Mitsubishi Estate's Scope 3 emissions have decreased by 29.59%, reflecting a declining long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2022), Mitsubishi Estate's Scope 3 emissions increased by 11.96%, suggesting that the company faced challenges in reducing emissions across its value chain. a

What categories of Scope 3 emissions does Mitsubishi Estate disclose?

In 2023, Mitsubishi Estate 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 Mitsubishi Estate's Scope 3 emissions?

In 2023, the largest contributors to Mitsubishi Estate's Scope 3 emissions were: a

  • Capital Goods (Cat. 2): 1,124,196 tCO₂e (54.76%)
  • Use of Sold Products (Cat. 11): 431,615 tCO₂e (21.02%)
  • Purchased Goods and Services (Cat. 1): 269,645 tCO₂e (13.13%)

Mitsubishi Estate's Scope 3 Emissions by Categories

Capital Goods(Cat. 2)(54.8%)Purchased Goods andServices (Cat. 1)(13.1%)Use of Sold Products(Cat. 11)(21.0%)

Insights into Mitsubishi Estate's Total Carbon Footprint

In 2023, Mitsubishi Estate reported a total carbon footprint of 2,277,376 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 8.48% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Mitsubishi Estate's total carbon footprint was Scope 3 emissions, accounting for 90.15% of the company's total carbon footprint, followed by Scope 2 emissions at 5.76%. a

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