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 39 is higher than 93% 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 marks a significant increase from 2022, where emissions were about 22,440,000 kg CO2e. The emissions data for 2023 does not specify Scope 1 or Scope 2 emissions, and there is no available data for Scope 3 emissions. Looking back at previous years, in 2021, AREIT's total emissions were about 15,899,000 kg CO2e, while in 2020, they reported 7,565,000 kg CO2e, which included 104,000 kg CO2e from Scope 1, 3,079,000 kg CO2e from Scope 2, and 4,383,000 kg CO2e from Scope 3. The trend indicates a substantial increase in emissions over the years, particularly from 2022 to 2023. Despite the rising emissions, AREIT has not disclosed any specific reduction targets or initiatives aimed at mitigating their carbon footprint. The absence of documented climate pledges or science-based targets suggests a need for enhanced commitment to sustainability practices within the organisation. Overall, while AREIT's emissions have escalated, their climate commitments and reduction strategies remain unclear, highlighting an opportunity for improvement in their environmental stewardship.
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| 2018 | 2019 | 2020 | |
|---|---|---|---|
| Scope 1 | 41,000 | 000,000 | 000,000 |
| Scope 2 | 1,444,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 1,669,000 | 0,000,000 | 0,000,000 |
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.
