Arena Reit
Arena REIT, headquartered in Australia, is a prominent player in the real estate investment trust (REIT) sector, specialising in the acquisition and management of healthcare and education properties. Founded in 2010, the company has established a strong presence across key operational regions, focusing on high-quality assets that cater to essential services. With a diverse portfolio that includes aged care facilities, childcare centres, and medical centres, Arena REIT distinguishes itself through its commitment to long-term leases and strategic partnerships. The company has achieved significant milestones, including consistent growth in its asset base and a reputation for reliability in the market. As a leader in the healthcare and education property sectors, Arena REIT continues to deliver value to its investors while supporting vital community services across Australia.
DitchCarbon Score
How does Arena Reit'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
Arena Reit's score of 8 is lower than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Arena Reit's reported carbon emissions
In 2023, Arena REIT reported total carbon emissions of approximately 1,147,590 kg CO2e, all of which fall under Scope 3 emissions, indicating that the majority of their carbon footprint arises from indirect sources related to their operations. Notably, there were no reported emissions for Scope 1 and Scope 2, which suggests that the company has effectively managed direct emissions from owned or controlled sources and indirect emissions from purchased electricity. Comparatively, in 2022, Arena REIT's total emissions were about 1,297,200 kg CO2e, with Scope 3 emissions again being the primary contributor. This reflects a slight decrease in total emissions year-on-year, from 1,297,200 kg CO2e in 2022 to 1,147,590 kg CO2e in 2023. Despite these figures, Arena REIT has not established specific reduction targets or initiatives as part of their climate commitments, nor have they adopted Science-Based Targets Initiative (SBTi) targets. The absence of documented reduction initiatives indicates a potential area for future development in their sustainability strategy. Overall, Arena REIT's emissions data highlights a significant reliance on Scope 3 emissions, with a need for further commitments to reduce their overall carbon footprint in alignment with industry standards.
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| 2021 | |
|---|---|
| Scope 1 | 200 |
| Scope 2 | 6,200 |
| Scope 3 | 969,500 |
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.
Arena Reit 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.
