AREIT
AREIT, Inc., a leading real estate investment trust (REIT) based in the Philippines, was established in 2020 and has quickly positioned itself as a key player in the local property market. Headquartered in Makati City, AREIT primarily focuses on the acquisition, development, and management of income-generating commercial properties, particularly in the office and retail sectors. With a diverse portfolio that includes prime office spaces in Metro Manila and regional hubs, AREIT stands out for its commitment to sustainability and innovation. The company has achieved significant milestones, including being the first REIT to be listed on the Philippine Stock Exchange, which underscores its market leadership and investor confidence. AREIT's unique approach to property management and its strategic focus on high-quality assets contribute to its strong market position and ongoing growth in the competitive real estate landscape.
DitchCarbon Score
How does AREIT'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
AREIT's score of 24 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
AREIT's reported carbon emissions
In 2023, AREIT reported total carbon emissions of approximately 36,175,000 kg CO2e. This figure reflects the company's ongoing commitment to transparency in its environmental impact. The emissions data for previous years shows a significant increase, with 2022 emissions at about 22,440,000 kg CO2e, 2021 at approximately 15,899,000 kg CO2e, and 2020 at around 8,037,000 kg CO2e. The breakdown of emissions across different scopes reveals that in 2018, AREIT's emissions included 41,000 kg CO2e (Scope 1), 1,444,000 kg CO2e (Scope 2), and 1,669,000 kg CO2e (Scope 3). However, from 2019 onwards, the company reported no Scope 1 or Scope 2 emissions, indicating a potential shift in reporting or operational changes. Despite the substantial emissions figures, AREIT has not disclosed specific reduction targets or initiatives aimed at decreasing its carbon footprint. The absence of documented reduction strategies suggests that while the company is aware of its emissions, it may not yet have formalised commitments to reduce them in line with industry standards or climate pledges. Overall, AREIT's emissions data highlights the need for ongoing monitoring and potential action to address its environmental impact, particularly as it continues to grow within the real estate sector in the Philippines.
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| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Scope 1 | 41,000 | 0,000,000 | - | - | - |
| Scope 2 | 1,444,000 | 0,000,000 | - | - | - |
| Scope 3 | 1,669,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
AREIT is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
