- Climate change risks, including transition risks (e.g., carbon tax, declining demand for companies not responding to decarbonization) and physical risks (e.g., natural disasters, extreme weather events).
- Difficulty in grasping GHG emissions from exclusive areas (tenant spaces) in residential properties due to individual resident contracts with utility companies.
- Potential stranded asset risk due to the transition to a low-carbon economy.
Sekisui House Reit, Inc. and Sekisui House Asset Management, Ltd.
Greenhouse gas emissions & sustainability report data
In its May 1, 2023 to April 30, 2024 reporting, Sekisui House Reit, Inc. and Sekisui House Asset Management, Ltd. disclosed greenhouse gas emissions of 17.4K tCO2e/year (2023). By scope: Scope 1: 791 tCO2e/year (2023); Scope 2: 793 tCO2e/year (2023); Scope 3: 56.0K tCO2e/year (2023). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
17.4K tCO2e/year (2023)
May 1, 2023 to April 30, 2024
Renewable Energy
88.3% (as of Dec 31, 2023)
of total energy
Water Usage
941.5K m3/year (2023)
May 1, 2023 to April 30, 2024
Waste
726 tons/year (2023)
May 1, 2023 to April 30, 2024
Energy Use
51.7K MWh/year (2023)
May 1, 2023 to April 30, 2024
📊 Emissions by Scope (May 1, 2023 to April 30, 2024)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 791 tCO2e/year (2023) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 793 tCO2e/year (2023) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 56.0K tCO2e/year (2023) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| May 1, 2023 to April 30, 2024 | 17.4K tCO2e/year (2023) |
| May 1, 2022 to April 30, 2023 | 5.1K t-CO₂ (FY2022) |
| 2022-05-01 to 2023-04-30 | 8.9K t-CO2e/year (FY2022) |
| 2020 | 18.3K t-CO₂ (2019) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced total Scope 1 and Scope 2 GHG emissions by 37.4% in 2023 compared to 2022; exceeding initial target of 42% reduction by 2030 ahead of schedule.
- Achieved 82.9% of portfolio with green certification as of end of October 2024.
- Switched power supply contracts to virtually zero CO2 emissions for Hirokoji Garden Avenue.
- Introduced LED lighting in common areas of 69 properties, reducing annual electricity usage by 61.8% and CO2 emissions by 731 tons.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce energy consumption intensity by 10% by 2028 compared to 2018.
- Acquire and keep owning 10 ZEH properties or more by 2030.
📅 Medium-term
- Reduce 42% of Scope 1 and Scope 2 emissions by 2030; Reduce 25% of Scope 3 emissions (Category 13) by 2030.
- Achieve 70% or more of the portfolio with green lease agreement by 2030.
🔭 Long-term
- Achieve net zero emissions by 2050 (reduce 90% or more of Scope 1, 2, and 3 emissions and neutralize residual emissions).
🌱 ESG Focus Areas
Climate ChangeBiodiversityWater and Resource SavingInvesting in Real Estate with Excellent Environmental PerformanceProviding Residents and Tenants with Secure and Comfortable SpaceContributing to SocietyCreating a Rewarding WorkplaceStrengthening Corporate Governance System