Orix JREIT Inc

Common Name
Orix JREIT
Country
Japan
Sector
Real Estate
Industry
REIT - Office
Employees
N/A
Ticker
8954
Exchange
TOKYO STOCK EXCHANGE
Description
Orix Jreit Inc. is a Japanese real estate investment trust specializing in the investment and management of a diversified portfolio of real estate assets. Its primary function is to generate stable in...

Orix JREIT's GHG Emissions Data Preview

In 2023, Orix JREIT 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).

Orix JREIT has also provided a category-level breakdown for 6 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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a
0000000
Location-Based
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0000000
Unspecified Calculation Method
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0000000
Total Scope 3
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a
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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0000000
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Verified Sources Behind Orix JREIT’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 Orix JREIT’s data sources below and access millions more through our Disclosure Search.

a. Orix JREIT's Sustainability Report 2024
a. Orix JREIT's Sustainability Report 2024
b. Orix JREIT's ESG Report 2022
b. Orix JREIT's ESG Report 2022

Insights into Orix JREIT's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Orix JREIT amounted to 23,981 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 Orix JREIT decreased by 0.18%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Orix JREIT's Scope 1 Emissions Over Time

20182019202020212022202305001 k1.5 k2 ktCO2e-51%+19%+123%+14%-21%
  • Total Scope 1
  • Year-over-Year Change

What are Orix JREIT's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Orix JREIT were 1,576 metric tons of CO₂ equivalent (tCO₂e). a

Has Orix JREIT reduced its Scope 1 emissions over time?

Since 2018, Orix JREIT's Scope 1 emissions have increased by 16.91%, reflecting a rising long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2022), Orix JREIT's Scope 1 emissions decreased by 21.08%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Orix JREIT's Scope 2 emissions?

In 2023, Orix JREIT reported Scope 2 greenhouse gas (GHG) emissions of 18,570 tCO₂e using the market-based method and 22,405 tCO₂e using the location-based method. a

Has Orix JREIT reduced its Scope 2 emissions over time?

Compared to the previous year (2022), Orix JREIT's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Orix JREIT 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Orix JREIT use for Scope 2 reporting?

In 2023, Orix JREIT reported its Scope 2 emissions using the market-based method and using the location-based method. a

Orix JREIT's Scope 2 Emissions Over Time

201820192020202120222023015 k30 k45 k60 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Orix JREIT's Value Chain Emissions

In 2023, Orix JREIT reported 80,842 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 Orix JREIT includes a breakdown across 6 of the 15 Scope 3 categories defined by the GHG Protocol, up from 5 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain a

Orix JREIT's Scope 3 Emissions Over Time

20192020202120222023025 k50 k75 k100 ktCO2e-4%+38%+2%-5%
  • Total Scope 3
  • Year-over-Year Change

What are Orix JREIT's Scope 3 emissions?

In 2023, Orix JREIT reported total Scope 3 emissions of 80,842 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 28.58% of these emissions originated from upstream activities such as purchased goods and capital goods, while 71.42% came from downstream activities like product use, distribution, and end-of-life treatment. a

Compared to the previous year (2022), Orix JREIT's Scope 3 emissions remained relatively stable, indicating that Orix JREIT 's emissions have plateaued with no significant change in its value chain footprint. a

What categories of Scope 3 emissions does Orix JREIT disclose?

In 2023, Orix JREIT reported emissions for 6 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 Orix JREIT's Scope 3 emissions?

In 2023, the largest contributors to Orix JREIT's Scope 3 emissions were: a

  • Downstream Leased Assets (Cat. 13): 57,598 tCO₂e (71.25%)
  • Capital Goods (Cat. 2): 8,660 tCO₂e (10.71%)
  • Purchased Goods and Services (Cat. 1): 6,905 tCO₂e (8.54%)

Orix JREIT's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(8.5%)Capital Goods(Cat. 2)(10.7%)Downstream LeasedAssets (Cat. 13)(71.2%)

Insights into Orix JREIT’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Orix JREIT reported Scope 1 greenhouse gas (GHG) emissions of 1,576 tCO₂e and total revenues of USD 352 millions. This translates into an emissions intensity of 4.48 tCO₂e per millions USD. a

Orix JREIT's Scope 1 Emissions Intensity Compared to Peers

201,00020,000500,000Scope 1 Emissions (tCO2e)502002,00010,000100,000Revenues (Millions of USD)NJMori Hills Reit InvestmentYear: 2023Scope 1: 1,667 tCO2eRevenue: $M 159Scope 1 Intensity: 10.46 tCO2e/$MMitsui Fudosan Logistics ParkYear: 2022Scope 1: 15 tCO2eRevenue: $M 150Scope 1 Intensity: 0.10 tCO2e/$MJapan Real Estate InvestmentYear: 2024Scope 1: 2,627 tCO2eRevenue: $M 588Scope 1 Intensity: 4.47 tCO2e/$MActivia PropertiesYear: 2023Scope 1: 1,576 tCO2eRevenue: $M 237Scope 1 Intensity: 6.65 tCO2e/$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: $M 297Scope 1 Intensity: 0.05 tCO2e/$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: $M 9,936Scope 1 Intensity: 9.98 tCO2e/$MAdvance Residence InvestmentYear: 2022Scope 1: 188 tCO2eRevenue: $M 257Scope 1 Intensity: 0.73 tCO2e/$MOrix JREITYear: 2023Scope 1: 1,576 tCO2eRevenue: $M 352Scope 1 Intensity: 4.48 tCO2e/$M

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

In 2023, Orix JREIT reported a Scope 1 emissions intensity of 4.48 tCO₂e per millions USD. Compared to the peer group median of 4.47 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Orix JREIT rank on GHG emissions intensity within its industry?

In 2023, Orix JREIT ranked 12 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

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

Insights into Orix JREIT's Total Carbon Footprint

In 2023, Orix JREIT reported a total carbon footprint of 104,823 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3.78% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to Orix JREIT's total carbon footprint was Scope 3 emissions, accounting for 77.12% of the company's total carbon footprint, followed by Scope 2 emissions at 21.37%. a

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