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 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 2023, AREIT, headquartered in the Philippines, reported total carbon emissions of approximately 36,175,000 kg CO2e. This marks a significant increase from 2022, when emissions were about 22,440,000 kg CO2e. The emissions data for 2023 does not specify breakdowns into Scope 1, 2, or 3 categories, while previous years have shown a trend of increasing emissions over time, with 2021 at about 15,899,000 kg CO2e and 2020 at approximately 7,565,000 kg CO2e. AREIT's emissions data is cascaded from its parent company, Ayala Land, Inc., which influences its climate commitments and reporting. However, there are currently no specific reduction targets or initiatives disclosed by AREIT, indicating a potential area for improvement in their climate strategy. The absence of Science-Based Targets Initiative (SBTi) commitments further highlights the need for AREIT to establish clear climate goals. Overall, while AREIT has made strides in reporting its emissions, the lack of reduction targets and the significant increase in emissions in 2023 suggest that the company may need to enhance its climate action plans to align with industry standards and expectations.
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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.
