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 46 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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AREIT's reported carbon emissions
In 2023, AREIT reported total carbon emissions of approximately 36,175,000 kg CO2e. This figure reflects a significant increase from previous years, with emissions recorded at about 22,440,000 kg CO2e in 2022, 15,899,000 kg CO2e in 2021, and 8,037,000 kg CO2e in 2020. The emissions breakdown for 2023 does not specify Scope 1 or Scope 2 emissions, indicating that the total emissions are primarily from Scope 3 sources. AREIT's emissions data from 2018 to 2022 shows a trend of increasing emissions, with Scope 3 emissions consistently dominating the total figures. For instance, in 2019, total emissions were about 3,857,000 kg CO2e, with Scope 1 and Scope 2 emissions each contributing approximately 3,541,000 kg CO2e. Despite the rising emissions, there are currently no publicly disclosed reduction targets or climate pledges from AREIT, which may indicate a need for enhanced commitment to sustainability and carbon reduction initiatives. The absence of specific reduction initiatives or targets suggests that AREIT may be in the early stages of developing a comprehensive climate strategy. Overall, while AREIT's emissions have escalated in recent years, the lack of defined reduction goals highlights an opportunity for the organisation to strengthen its climate commitments and align with industry standards for sustainability.
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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 participating in any of the initiatives that 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.
