Citicore Renewable Energy REIT Corporation Sustainability Profile
Citicore Renewable Energy REIT Corporation, commonly referred to as Citicore REIT, is a leading player in the renewable energy sector, headquartered in the Philippines. Established in 2021, the company focuses on the development, operation, and management of renewable energy assets, primarily solar power facilities. With a strong presence in key operational regions across the country, Citicore REIT is committed to promoting sustainable energy solutions. The corporation's unique offerings include a diverse portfolio of solar power projects that contribute significantly to the Philippines' energy landscape. Notable achievements include its rapid growth in the renewable energy market, positioning Citicore REIT as a trusted name in the industry. With a focus on sustainability and innovation, Citicore REIT is dedicated to driving the transition towards a greener future.
DitchCarbon Score
How does Citicore Renewable Energy REIT Corporation'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 Electricity from Other Sources 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
Citicore Renewable Energy REIT Corporation's score of 16 is lower 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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Citicore Renewable Energy REIT Corporation's reported carbon emissions
In 2023, Citicore Renewable Energy REIT Corporation reported total carbon emissions of approximately 1,113,000 kg CO2e. This figure includes 74,740 kg CO2e from Scope 1 emissions, primarily from stationary combustion, and 1,039,000 kg CO2e from Scope 2 emissions, which are entirely attributed to purchased electricity. Notably, the company has not disclosed any Scope 3 emissions data. Despite the absence of specific reduction targets or climate pledges, Citicore Renewable Energy REIT Corporation is committed to sustainability within the renewable energy sector. The company’s emissions intensity metrics indicate an emission intensity of about 0.17 tCO2e per million pesos in revenue and approximately 173,160 tCO2e per full-time equivalent (FTE). As of now, there are no cascaded emissions data from parent organizations, and all reported figures are directly from Citicore Renewable Energy REIT Corporation. The company continues to focus on its operational efficiency and renewable energy initiatives to mitigate its carbon footprint.
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| 2023 | |
|---|---|
| Scope 1 | 74,740 |
| Scope 2 | 1,039,000 |
| Scope 3 | - |
How Carbon Intensive is Citicore Renewable Energy REIT Corporation's Industry?
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Citicore Renewable Energy REIT Corporation'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.
Citicore Renewable Energy REIT Corporation 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.
