Citicore Renewable Energy REIT Corporation
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 13 is lower than 80% 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 997,510 kg CO2e from Scope 2 emissions, which are attributed to purchased electricity. Notably, the total market-based emissions for Scope 1 and 2 combined also stand at 1,039,000 kg CO2e. Despite the significant emissions reported, Citicore Renewable Energy REIT Corporation has not established specific reduction targets or climate pledges, nor do they disclose any Scope 3 emissions data. The absence of reduction initiatives or commitments indicates a potential area for improvement in their climate strategy. As a renewable energy-focused entity, Citicore's emissions data reflects its operational impact, and the company may benefit from setting ambitious targets aligned with industry standards to enhance its sustainability profile.
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| 2023 | |
|---|---|
| Scope 1 | 74,740 |
| Scope 2 | 997,510 |
| Scope 3 | - |
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.
Citicore Renewable Energy REIT Corporation 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.
