Capitaland Ascendas Reit
Capitaland Ascendas Real Estate Investment Trust (Ascendas Reit), headquartered in Singapore, is a prominent player in the financial intermediation services sector, specifically focusing on services excluding insurance and pension funding. Established in 2000, Ascendas Reit has achieved significant milestones, including being the first business space and industrial REIT listed on the Singapore Exchange.
With a diverse portfolio that spans logistics, business parks, and data centres, Ascendas Reit distinguishes itself through its strategic investments in high-quality properties across key operational regions in Asia and beyond. The trust's commitment to sustainability and innovation has solidified its market position, making it a leader in the real estate investment trust industry. Notable achievements include consistent growth in distribution per unit and a strong track record of delivering value to its unitholders.
+4 vs industry average
Capitaland Ascendas Reit’s score of 39 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Capitaland Ascendas Reit's reported carbon emissions
CapitaLand Ascendas REIT (CLAR), headquartered in Singapore and operating within financial intermediation services, is committed to significant climate action. For the reporting year 2024, CLAR reported Scope 1 and 2 emissions totalling approximately 49.7 million kg CO2e. This figure represents a slight increase from the approximately 49.4 million kg CO2e reported in 2023. In 2022, emissions stood at approximately 49.1 million kg CO2e, and in 2021, the total was approximately 50.9 million kg CO2e. Emissions data for Scope 3 is not currently disclosed.
CLAR is actively pursuing Net Zero emissions by 2050 for its Scope 1 and 2 emissions, a commitment that includes the Trust's assets. This long-term goal is supported by near-term targets, including a commitment for Scope 1 and 2 emissions to achieve Net Zero by 2050, with a target start year of 2023. Additionally, specific regions, such as the United States, have initiatives like the CLEAN Future Act, aiming for Net Zero emissions by 2050 with an interim target of at least a 50% reduction by 2030 from 2005 carbon emission levels. CLAR also aims for a 78% reduction in carbon emissions intensity by 2030.
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Capitaland Ascendas Reit’s Climate Goals (2030 & 2050)
7 goals2030
50% reduction in Scope 1
The United States: In March 2021, the US introduced the CLEAN Future Act with an aim to achieve Net Zero emissions by 2050 with an interim t…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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