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 2024, 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)2024202320222021 - 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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Unspecified Calculation Method
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b
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b
0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Mitsubishi Estate’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 Mitsubishi Estate’s data sources below and access millions more through our Disclosure Search.

a. Mitsubishi Estate's ESG Data Spreadsheet 2024
a. Mitsubishi Estate's ESG Data Spreadsheet 2024
b. Mitsubishi Estate's Webpage captured from company’s website 2023
b. Mitsubishi Estate's Webpage captured from company’s website 2023

Insights into Mitsubishi Estate's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Mitsubishi Estate amounted to 377,567 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 Mitsubishi Estate increased by 68.38%, suggesting that the company faced challenges in reducing its emissions from its core operations. a b

Mitsubishi Estate's Scope 1 Emissions Over Time

2018201920202021202220232024035 k70 k105 k140 ktCO2e+9%-1%+3%-8%-16%+7%
  • Total Scope 1
  • Year-over-Year Change

What are Mitsubishi Estate's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Mitsubishi Estate were 99,135 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 8.45%, reflecting a declining long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2023), Mitsubishi Estate's Scope 1 emissions increased by 6.56%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a b

What are Mitsubishi Estate's Scope 2 emissions?

In 2024, Mitsubishi Estate reported Scope 2 greenhouse gas (GHG) emissions of 115,961 tCO₂e using the market-based method and 278,432 tCO₂e using the location-based method. a

What methodology does Mitsubishi Estate use for Scope 2 reporting?

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

Mitsubishi Estate's Scope 2 Emissions Over Time

20182019202020212022202320240150 k300 k450 k600 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Mitsubishi Estate's Value Chain Emissions

In 2024, Mitsubishi Estate reported 1,868,788 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 Mitsubishi Estate 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

Mitsubishi Estate's Scope 3 Emissions Over Time

20182019202020212022202320240900 k1.8 M2.7 M3.6 MtCO2e+22%-12%-29%-17%+12%-9%
  • Total Scope 3
  • Year-over-Year Change

What are Mitsubishi Estate's Scope 3 emissions?

In 2024, Mitsubishi Estate reported total Scope 3 emissions of 1,868,788 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 65.69% of these emissions originated from upstream activities such as purchased goods and capital goods, while 34.31% 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 35.91%, reflecting a declining long-term trend in Scope 3 emissions over time. a b

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

What categories of Scope 3 emissions does Mitsubishi Estate disclose?

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

  • Capital Goods (Cat. 2): 805,877 tCO₂e (43.12%)
  • Use of Sold Products (Cat. 11): 531,326 tCO₂e (28.43%)
  • Purchased Goods and Services (Cat. 1): 302,905 tCO₂e (16.21%)

Mitsubishi Estate's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(16.2%)Capital Goods(Cat. 2)(43.1%)Use of Sold Products(Cat. 11)(28.4%)

Insights into Mitsubishi Estate’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Mitsubishi Estate reported Scope 1 greenhouse gas (GHG) emissions of 99,135 tCO₂e and total revenues of USD 9,936 millions. This translates into an emissions intensity of 9.98 tCO₂e per millions USD. a

Mitsubishi Estate'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: $M 12,445Scope 1 Intensity: 2.70 tCO2e/$MSumitomo Realty & DevelopmentYear: 2022Scope 1: 44,000 tCO2eRevenue: $M 7,699Scope 1 Intensity: 5.72 tCO2e/$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: $M 297Scope 1 Intensity: 0.05 tCO2e/$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: $M 427Scope 1 Intensity: 0.44 tCO2e/$MOrix JREITYear: 2023Scope 1: 1,576 tCO2eRevenue: $M 352Scope 1 Intensity: 4.48 tCO2e/$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: $M 214Scope 1 Intensity: 235.81 tCO2e/$MMitsubishi EstateYear: 2024Scope 1: 99,135 tCO2eRevenue: $M 9,936Scope 1 Intensity: 9.98 tCO2e/$M

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

In 2024, Mitsubishi Estate reported a Scope 1 emissions intensity of 9.98 tCO₂e per millions USD. Compared to the peer group median of 4.12 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Mitsubishi Estate rank on GHG emissions intensity within its industry?

In 2024, Mitsubishi Estate ranked 18 out of 20 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Mitsubishi Estate among the least efficient performers, with one of the highest emissions intensities in its sector. a

Insights into Mitsubishi Estate's Total Carbon Footprint

In 2024, Mitsubishi Estate reported a total carbon footprint of 2,246,355 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.36% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a b

The largest contributor to Mitsubishi Estate's total carbon footprint was Scope 3 emissions, accounting for 83.19% of the company's total carbon footprint, followed by Scope 2 emissions at 12.39%. a

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