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 4 is lower than 52% 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 addressing climate change, although specific breakdowns by scope (Scope 1, 2, or 3) were not disclosed for this year. In previous years, emissions data shows a significant trend: in 2022, emissions were about 22,440,000 kg CO2e, while in 2021, they reached approximately 15,899,000 kg CO2e. The emissions for 2020 were notably high at around 8,037,000 kg CO2e, primarily from Scope 3 sources, indicating a reliance on indirect emissions from the supply chain and other activities. Despite the lack of specific reduction targets or initiatives disclosed, AREIT's emissions data suggests a growing awareness of climate impact, as evidenced by the substantial figures reported over the years. The company has not yet established formal reduction targets or climate pledges, which may be an area for future development in their sustainability strategy. Overall, AREIT's emissions trajectory highlights the importance of ongoing monitoring and potential commitment to future climate action as part of their operational strategy in the Philippines.
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Add to project| 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.
