Altareit SCA Sustainability Profile
Altareit SCA, headquartered in France, is a prominent player in the real estate investment sector, specialising in the acquisition and management of high-quality properties across Europe. Founded in 2015, the company has rapidly established itself as a trusted name in the industry, focusing on sustainable and innovative investment strategies. With a diverse portfolio that includes commercial, residential, and mixed-use developments, Altareit SCA distinguishes itself through its commitment to sustainability and value creation. The firm’s strategic approach has led to significant growth, positioning it as a leader in the European real estate market. Notable achievements include successful partnerships and a robust track record of delivering exceptional returns for investors.
DitchCarbon Score
How does Altareit SCA's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Real Estate Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Altareit SCA's score of 36 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Altareit SCA's reported carbon emissions
In 2023, Altareit SCA reported total carbon emissions of approximately 884,507,000 kg CO2e, with emissions distributed across various scopes: 4,000,000 kg CO2e from Scope 1, 532,000 kg CO2e from Scope 2 (market-based), and a significant 880,507,000 kg CO2e from Scope 3. The Scope 3 emissions included 282,178,000 kg CO2e from the use of sold products and 552,110,000 kg CO2e from purchased goods and services. In 2022, the company recorded total emissions of about 1,065,877,000 kg CO2e, with Scope 1 emissions at 2,000,000 kg CO2e, Scope 2 emissions at 572,000 kg CO2e (market-based), and Scope 3 emissions reaching 1,065,877,000 kg CO2e. This indicates a notable reliance on Scope 3 emissions, which typically encompass indirect emissions from the value chain. Despite these figures, Altareit SCA has not disclosed specific reduction targets or initiatives, nor does it appear to have set Science-Based Targets Initiative (SBTi) commitments. The company is a current subsidiary of Altarea SCA, which may influence its climate strategies and reporting practices. Overall, while Altareit SCA has made strides in emissions reporting, the absence of defined reduction targets highlights an area for potential improvement in its climate commitments.
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| 2019 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 3,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 565,000 | 000,000 | 000,000 |
| Scope 3 | 1,534,691,000 | 0,000,000,000 | 000,000,000 |
How Carbon Intensive is Altareit SCA's Industry?
How Carbon Intensive is Altareit SCA's Location?
Altareit SCA's Scope 3 Categories Breakdown
Altareit SCA's Scope 3 emissions, which decreased by 17% last year and decreased by approximately 43% since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 63% of Scope 3 emissions.
Top Scope 3 Categories
Altareit SCA's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Altareit SCA has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
