AREIT Sustainability Profile
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 65% 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 2024, AREIT, headquartered in the Philippines, reported total carbon emissions of approximately 17,637,000 kg CO2e. This figure includes Scope 1 emissions of about 3,690,000 kg CO2e and Scope 2 emissions of around 3,103,000 kg CO2e. The previous year, 2023, saw total emissions of approximately 36,175,000 kg CO2e, indicating a significant reduction in emissions year-on-year. AREIT's emissions data is cascaded from its parent company, Ayala Land, Inc., which influences its climate commitments and targets. However, there are currently no specific reduction targets or initiatives disclosed by AREIT, nor are there any commitments to the Science Based Targets initiative (SBTi) or other climate pledges. The company has disclosed emissions data for Scope 1 and Scope 2 but has not provided information on Scope 3 emissions. This lack of comprehensive data limits the ability to assess the full impact of its operations on climate change. Overall, while AREIT has made strides in reducing its emissions, further transparency and commitment to reduction targets would enhance its climate strategy.
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| 2018 | 2019 | 2020 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 41,000 | 000,000 | 000,000 | 0,000,000 |
| Scope 2 | 1,444,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 1,669,000 | 0,000,000 | 0,000,000 | - |
How Carbon Intensive is AREIT's Industry?
How Carbon Intensive is AREIT's Location?
AREIT'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.
AREIT 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.
