- Steep rise in construction material costs and increasing utility costs due to inflation.
- Potential decline in consumer demand due to rising prices.
- Declining office demand due to the spread of various workstyles.
- Increasing competition among different areas resulting from the supply of a large volume of office space.
- Changing consumer behavior reflecting the spread of e-commerce.
- Labor shortages due to the turnover of human resources during COVID-19.
- Intensifying competition for land acquisition due to the entry of new players.
Mitsubishi Estate Co., Ltd.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Mitsubishi Estate Co., Ltd. disclosed greenhouse gas emissions of 2.3M t-CO2e/year (down 43.6%). 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
2.3M t-CO2e/year (down 43.6%)
2023
Renewable Energy
55.4%
of total energy
Waste
6.4kg/m2
2023
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 2.3M t-CO2e/year (down 43.6%) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced Scope 1 and 2 emissions by 52.9%, and Scope 3 emissions by 42.4% compared with fiscal 2019. Total emissions: 2,277,376 t-CO2 (down 43.6%)
- Achieved 55.4% renewable energy share.
- 99.94% of timber procurement from countries with low risk of illegal logging.
- Miyako Shimojishima Airport obtained Zero Energy Building (ZEB) Ready certification.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce Scope 1 and 2 emissions by 70% or more and Scope 3 by 50% or more by fiscal 2030 compared with fiscal 2019
- Achieve 100% renewable energy by FY2025 (RE100)
- Achieve 100% procurement of timber from countries with low risk of illegal logging by fiscal 2030
- Over 20% female managers by fiscal 2030, 30% by fiscal 2040, and 40% by fiscal 2050
📅 Medium-term
- Achieve net-zero emissions by 2050 (reduce Scope 1, 2, and 3 by 90% or more. Neutralize residual emissions)
🌱 ESG Focus Areas
Urban development and servicesThe global environmentRespect for peopleValue creation