Capitaland Ascott Trust Sustainability Profile
Capitaland Ascott Trust, headquartered in Singapore (SG), is a leading player in the hospitality and real estate investment trust (REIT) industry. Founded in 2006, the trust focuses on providing quality serviced residences and hospitality solutions across major operational regions, including Asia-Pacific, Europe, and the United States. With a diverse portfolio that includes well-known brands such as Ascott, Citadines, and Somerset, Capitaland Ascott Trust stands out for its commitment to delivering exceptional guest experiences and innovative living solutions. The trust has achieved significant milestones, including strategic acquisitions that have bolstered its market position, making it one of the largest hospitality REITs in the region. Recognised for its sustainable practices and strong financial performance, Capitaland Ascott Trust continues to set benchmarks in the industry, catering to the evolving needs of both business and leisure travellers.
DitchCarbon Score
How does Capitaland Ascott Trust'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 Financial Intermediation 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
Capitaland Ascott Trust's score of 47 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Capitaland Ascott Trust's reported carbon emissions
In 2024, Capitaland Ascott Trust reported total carbon emissions of approximately 38,309,000 kg CO2e, comprising 3,224,000 kg CO2e from Scope 1 and 38,655,000 kg CO2e from Scope 2 emissions. This reflects a significant increase in emissions compared to 2023, where total emissions were about 33,870,000 kg CO2e, with Scope 1 at 2,059,000 kg CO2e and Scope 2 at 31,811,000 kg CO2e. Notably, in 2023, the Trust also reported 220,000 kg CO2e from Scope 3 emissions related to business travel. Capitaland Ascott Trust has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 46% by 2030, using a 2019 baseline. Additionally, they target a 72% reduction in carbon emissions intensity and a 15% reduction in energy consumption intensity by 2030. The Trust is also committed to achieving Net Zero for Scope 1 and 2 emissions by 2050. These targets align with broader industry standards and reflect a proactive approach to climate action, demonstrating the Trust's commitment to sustainability and reducing its carbon footprint.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 2,670,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 37,422,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | 000,000 | - |
How Carbon Intensive is Capitaland Ascott Trust's Industry?
How Carbon Intensive is Capitaland Ascott Trust's Location?
Capitaland Ascott Trust's Scope 3 Categories Breakdown
Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 1% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Capitaland Ascott Trust'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.
Capitaland Ascott Trust 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.
