- Increased financial burden due to tighter greenhouse gas emission regulations.
- Rising energy costs.
- More competitive acquisition environment due to growing demand for properties with excellent environmental performance.
- Increased retrofitting costs.
- Decreased asset value for properties at high risk from natural disasters.
Tokyu Real Estate Investment Management Inc.
Greenhouse gas emissions & sustainability report data
In its 2023-04 to 2024-03 reporting, Tokyu Real Estate Investment Management Inc. disclosed greenhouse gas emissions of 4.3K t-CO2 (FY2023). By scope: Scope 1: 242 tCO2e/year (FY2023); Scope 2: 873 tCO2e/year (FY2023); Scope 3: 3.2K tCO2e/year (FY2023). 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
4.3K t-CO2 (FY2023)
2023-04 to 2024-03
Renewable Energy
78.2% (based on total floor area)
of total energy
Water Usage
59.3K m3 (FY2023)
2023-04 to 2024-03
Waste
901 tons (FY2023)
2023-04 to 2024-03
Energy Use
69.0K GJ (FY2023)
2023-04 to 2024-03
📊 Emissions by Scope (2023-04 to 2024-03)
| 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). | 242 tCO2e/year (FY2023) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 873 tCO2e/year (FY2023) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 3.2K tCO2e/year (FY2023) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Improved the environmental certification acquisition rate (based on total floor space) for the overall portfolio to 75.9% in FY2023, exceeding the target of 70% by FY2025.
- Reduced energy consumption by 20.7% and GHG emissions by 78% from FY2019 levels.
- Achieved a 100% renewable energy introduction rate at 27 properties (78.2% based on total floor area).
🎯 Climate & Sustainability Targets
🔜 Short-term
- Achieve an environmental certification acquisition rate of 70% or more (based on total floor space) for owned properties by FY2025.
📅 Medium-term
- Reduce greenhouse gas emissions by 46.2% vs. FY2019 on an intensity basis by FY2030.
🔭 Long-term
- Achieve net zero emissions by FY2050.
🌱 ESG Focus Areas
Climate ChangeEnvironmental SustainabilitySocial ResponsibilityGovernance