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Public Profile
Electricity from Other Sources
IE
updated 8 days ago

Citicore Renewable Energy REIT Corporation

Company website

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.

13

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.

24

Industry Benchmark

Citicore Renewable Energy REIT Corporation's score of 13 is lower than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.

19%

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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 amount to 1,039,000 kg CO2e. Despite the significant emissions reported, Citicore Renewable Energy REIT Corporation has not established specific reduction targets or initiatives as part of their climate commitments. There are no emissions data cascaded from a parent company, indicating that all reported figures are independently sourced from Citicore Energy REIT Corp. The company has disclosed emissions data for Scope 1 and 2 but has not provided information on Scope 3 emissions. As part of their sustainability efforts, Citicore Renewable Energy REIT Corporation continues to focus on renewable energy solutions, aligning with industry standards for climate action.

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2023
Scope 1
74,740
Scope 2
997,510
Scope 3
-

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Citicore Renewable Energy REIT Corporation's primary industry is Electricity nec, which is medium in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Citicore Renewable Energy REIT Corporation is in IE, which has a low grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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