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Nippon Building Fund Inc

Common Name
Nippon Building Fund
Country
Japan
Sector
Real Estate
Industry
REIT - Office
Employees
N/A
Ticker
8951
Exchange
Japan Exchange Group
Description
Nippon Building Fund Inc. is a real estate investment trust (REIT) that primarily focuses on investing in and managing high-quality office buildings in central urban areas of Japan. The REIT's primary...

Nippon Building Fund's GHG Emissions Data Preview

In 2024, Nippon Building Fund 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).

Nippon Building Fund has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021-2019
Total Scope 1
3,897a
4,354a
4,819a
Total Scope 2
Unspecified Calculation Method
16,351a
17,983a
20,942a
Total Scope 3
94,422a
111,934a
131,952a
Total Scope 1 Revenue Intensity (tCO2e/$M)
6.0536a
6.5245a
6.4321a
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Verified Sources Behind Nippon Building Fund’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 Nippon Building Fund’s data sources below and access millions more through our Disclosure Search.

a. Nippon Building Fund's Webpage captured from company’s website 2024
b. Nippon Building Fund's Environmental Progress Report 2021

Insights into Nippon Building Fund's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Nippon Building Fund amounted to 20,248 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 Nippon Building Fund decreased by 9.35%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

Nippon Building Fund's Scope 1 Emissions Over Time

20192020202120222023202403.5 k7 k10.5 k14 ktCO2e-7%-9%-59%-10%-10%
  • Total Scope 1
  • Year-over-Year Change

What are Nippon Building Fund's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Nippon Building Fund were 3,897 metric tons of CO₂ equivalent (tCO₂e).a

Has Nippon Building Fund reduced its Scope 1 emissions over time?

Since 2019, Nippon Building Fund's Scope 1 emissions have decreased by 71.88%, reflecting a declining long-term trend in Scope 1 emissions over time.ab

Compared to the previous year (2023), Nippon Building Fund's Scope 1 emissions decreased by 10.5%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a

What are Nippon Building Fund's Scope 2 emissions?

In 2024, Nippon Building Fund reported Scope 2 greenhouse gas (GHG) emissions of 16,351 tCO₂e without specifying the calculation method.a

Has Nippon Building Fund reduced its Scope 2 emissions over time?

Since 2019, Nippon Building Fund's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 88.71%, reflecting a declining long-term trend in Scope 2 emissions over time.ab

Compared to the previous year (2023), Nippon Building Fund's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Nippon Building Fund's emissions have plateaued with no significant change in its energy consumption footprint.a

What methodology does Nippon Building Fund use for Scope 2 reporting?

In 2024, Nippon Building Fund reported its Scope 2 emissions using an unspecified methodology.a

Nippon Building Fund's Scope 2 Emissions Over Time

201920202021202220232024040 k80 k120 k160 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Nippon Building Fund's Value Chain Emissions

In 2024, Nippon Building Fund reported 94,422 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 Nippon Building Fund includes a breakdown across 1 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

Nippon Building Fund's Scope 3 Emissions Over Time

202220232024035 k70 k105 k140 ktCO2e-15%-16%
  • Total Scope 3
  • Year-over-Year Change

What are Nippon Building Fund's Scope 3 emissions?

In 2024, Nippon Building Fund reported total Scope 3 emissions of 94,422 metric tons of CO₂ equivalent (tCO₂e).a

Approximately 0% of these emissions originated from upstream activities such as purchased goods and capital goods, while 100% came from downstream activities like product use, distribution, and end-of-life treatment.a

Compared to the previous year (2023), Nippon Building Fund's Scope 3 emissions decreased by 15.64%, highlighting the company's efforts to lower indirect emissions from its value chain.a

What categories of Scope 3 emissions does Nippon Building Fund disclose?

In 2024, Nippon Building Fund reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Nippon Building Fund's Scope 3 emissions?

In 2024, the largest contributors to Nippon Building Fund's Scope 3 emissions were:a

  • Downstream Leased Assets (Cat. 13): 94,422 tCO₂e (100%)

Nippon Building Fund's Scope 3 Emissions by Categories

Downstream LeasedAssets (Cat. 13)(100.0%)

Insights into Nippon Building Fund’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Nippon Building Fund reported Scope 1 greenhouse gas (GHG) emissions of 3,897 tCO₂e and total revenues of USD 644 millions. This translates into an emissions intensity of 6.05 tCO₂e per millions USD.a

Nippon Building Fund's Scope 1 Emissions Intensity Compared to Peers

1001,0005,00050,000200,000Scope 1 Emissions (tCO2e)501005002,00010,000Revenues (Millions of USD)JMFYear: 2024Scope 1: 4,988 tCO2eRevenue: $M 564Scope 1 Intensity: 8.84 tCO2e/$MKilroy RealtyYear: 2023Scope 1: 4,765 tCO2eRevenue: $M 1,130Scope 1 Intensity: 4.22 tCO2e/$MVornado Realty TrustYear: 2024Scope 1: 22,586 tCO2eRevenue: $M 1,788Scope 1 Intensity: 12.63 tCO2e/$MAlexandria Real Estate EquitiesYear: 2024Scope 1: 108,507 tCO2eRevenue: $M 3,050Scope 1 Intensity: 35.58 tCO2e/$MBXPYear: 2025Scope 1: 11,166 tCO2eRevenue: $M 3,482Scope 1 Intensity: 3.21 tCO2e/$MHudson Pacific PropertiesYear: 2023Scope 1: 13,272 tCO2eRevenue: $M 963Scope 1 Intensity: 13.79 tCO2e/$MPiedmont Realty TrustYear: 2024Scope 1: 829 tCO2eRevenue: $M 570Scope 1 Intensity: 1.45 tCO2e/$MJBG SMITH PropertiesYear: 2024Scope 1: 5,040 tCO2eRevenue: $M 547Scope 1 Intensity: 9.21 tCO2e/$MDouglas EmmettYear: 2023Scope 1: 6,773 tCO2eRevenue: $M 1,020Scope 1 Intensity: 6.64 tCO2e/$MDerwent LondonYear: 2024Scope 1: 2,736 tCO2eRevenue: $M 347Scope 1 Intensity: 7.87 tCO2e/$MMindspace Business Parks REITYear: 2025Scope 1: 3,378 tCO2eRevenue: $M 304Scope 1 Intensity: 11.12 tCO2e/$MHighwoods PropertiesYear: 2024Scope 1: 2,480 tCO2eRevenue: $M 812Scope 1 Intensity: 3.06 tCO2e/$MDexusYear: 2025Scope 1: 7,669 tCO2eRevenue: $M 606Scope 1 Intensity: 12.65 tCO2e/$MColonial SFL SOCIMIYear: 2024Scope 1: 1,882 tCO2eRevenue: $M 531Scope 1 Intensity: 3.54 tCO2e/$MSL Green RealtyYear: 2023Scope 1: 3,991 tCO2eRevenue: $M 914Scope 1 Intensity: 4.37 tCO2e/$MEmbassy Office Parks REITYear: 2025Scope 1: 14,922 tCO2eRevenue: $M 473Scope 1 Intensity: 31.57 tCO2e/$MKeppel DC REITYear: 2024Scope 1: 932 tCO2eRevenue: $M 228Scope 1 Intensity: 4.09 tCO2e/$MCOPT Defense PropertiesYear: 2024Scope 1: 10,504 tCO2eRevenue: $M 753Scope 1 Intensity: 13.94 tCO2e/$MCousins PropertiesYear: 2023Scope 1: 366 tCO2eRevenue: $M 803Scope 1 Intensity: 0.46 tCO2e/$MMapletree Pan Asia Commercial TrustYear: 2025Scope 1: 687 tCO2eRevenue: $M 677Scope 1 Intensity: 1.02 tCO2e/$MGecinaYear: 2024Scope 1: 567 tCO2eRevenue: $M 874Scope 1 Intensity: 0.65 tCO2e/$MMERLIN Properties SOCIMIYear: 2023Scope 1: 2,422 tCO2eRevenue: $M 514Scope 1 Intensity: 4.71 tCO2e/$MGORYear: 2024Scope 1: 360 tCO2eRevenue: $M 96Scope 1 Intensity: 3.77 tCO2e/$MOrix JREITYear: 2023Scope 1: 1,576 tCO2eRevenue: $M 352Scope 1 Intensity: 4.48 tCO2e/$MJapan Real Estate InvestmentYear: 2024Scope 1: 2,627 tCO2eRevenue: $M 588Scope 1 Intensity: 4.47 tCO2e/$MNippon Building FundYear: 2024Scope 1: 3,897 tCO2eRevenue: $M 644Scope 1 Intensity: 6.05 tCO2e/$M

How does Nippon Building Fund's GHG emissions intensity compare to its peers?

In 2024, Nippon Building Fund reported a Scope 1 emissions intensity of 6.05 tCO₂e per millions USD. Compared to the peer group median of 4.48, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

Where does Nippon Building Fund rank on GHG emissions intensity within its industry?

In 2024, Nippon Building Fund ranked 15 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a

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

Insights into Nippon Building Fund's Total Carbon Footprint

In 2024, Nippon Building Fund reported a total carbon footprint of 114,670 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 14.6% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a

The largest contributor to Nippon Building Fund's total carbon footprint was Scope 3 emissions, accounting for 82.34% of the company's total carbon footprint, followed by Scope 2 emissions at 14.26%.a

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