Potential offtaker

Mitsubishi Estate Co., Ltd.

www.mec.co.jp

Estimated electricity consumption

N/A

Countries of production presence

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Mitsubishi Estate Co., Ltd. is a leading real estate developer and owner in Japan that has been operating since 1937. The company has a strong commitment to sustainability and has been actively pursuing decarbonisation efforts in its operations.

Mitsubishi Estate Co., Ltd. is primarily engaged in the development, leasing, and management of commercial and residential properties in Japan. The company's portfolio includes office buildings, retail properties, hotels, and residential complexes. It is also involved in the development of large-scale urban projects, such as the redevelopment of Tokyo Station and the Marunouchi district in Tokyo.

The company has been actively pursuing decarbonisation efforts in its operations to reduce its carbon footprint and contribute to the fight against climate change. Mitsubishi Estate Co., Ltd. has set a target to reduce its greenhouse gas emissions by 30% by 2030, compared to its 2013 levels. To achieve this target, the company has been implementing various measures, such as energy-efficient building design, installation of renewable energy systems, and promotion of sustainable transportation.

One of the key initiatives of Mitsubishi Estate Co., Ltd. in its decarbonisation efforts is the promotion of corporate energy. The company has been encouraging its tenants to adopt energy-efficient practices and technologies to reduce their energy consumption and carbon footprint. It has also been providing them with support and guidance on energy management and renewable energy adoption.

Another important initiative of Mitsubishi Estate Co., Ltd. in its decarbonisation efforts is the adoption of corporate power purchase agreements (PPAs). The company has been actively pursuing PPAs with renewable energy providers to source renewable energy for its operations. PPAs allow companies to purchase renewable energy directly from the source, which can help to reduce their carbon footprint and support the growth of renewable energy.

Mitsubishi Estate Co., Ltd. has also been investing in renewable energy systems to reduce its reliance on fossil fuels. The company has installed solar panels on the roofs of its buildings and has been exploring the use of other renewable energy sources, such as wind and geothermal energy.

In addition to its decarbonisation efforts, Mitsubishi Estate Co., Ltd. has also been actively promoting sustainability in its operations. The company has set a target to achieve zero waste to landfill by 2030 and has been implementing various waste reduction and recycling measures. It has also been promoting sustainable transportation, such as the use of electric vehicles and bicycles, and has been providing its tenants with support and incentives to adopt sustainable transportation practices.

Mitsubishi Estate Co., Ltd. has been recognised for its sustainability efforts and has received various awards and certifications. The company has been included in the Dow Jones Sustainability Asia Pacific Index for six consecutive years and has been awarded the highest rating of AAA in the CDP Climate Change and Water Security rankings.

In conclusion, Mitsubishi Estate Co., Ltd. is a leading real estate developer and owner in Japan that has been actively pursuing decarbonisation and sustainability efforts in its operations. The company has set ambitious targets to reduce its carbon footprint and has been implementing various measures, such as energy-efficient building design, installation of renewable energy systems, and promotion of sustainable transportation. Mitsubishi Estate Co., Ltd. has also been promoting corporate energy and corporate PPAs to support the growth of renewable energy. The company's sustainability efforts have been recognised through various awards and certifications, demonstrating its commitment to creating a more sustainable future.

✓ Science Based Targets member
✓ Declared Net Zero commitment