First Real Estate Investment Trust Sustainability Profile
First Real Estate Investment Trust (First REIT) is a prominent player in the real estate investment sector, headquartered in Singapore (SG). Established in 2006, the trust primarily focuses on healthcare and hospitality properties across Asia, with a significant presence in Singapore and Indonesia. First REIT distinguishes itself through its unique portfolio, which includes a diverse range of properties such as hospitals, nursing homes, and hotels, catering to the growing demand for healthcare services in the region. The trust has achieved notable milestones, including consistent distribution payouts and strategic acquisitions that enhance its market position. With a commitment to sustainable growth and a strong track record, First REIT continues to be a trusted choice for investors seeking exposure to the healthcare real estate market in Asia.
DitchCarbon Score
How does First Real Estate Investment 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 Real Estate Services 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
First Real Estate Investment Trust's score of 14 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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First Real Estate Investment Trust's reported carbon emissions
In 2023, First Real Estate Investment Trust (First REIT), headquartered in Singapore (SG), reported significant carbon emissions, with Scope 2 emissions totalling approximately 59,911,500 kg CO2e and Scope 3 emissions at about 672,500 kg CO2e. This marks an increase in Scope 2 emissions from 55,313,900 kg CO2e in 2022, while Scope 3 emissions saw a slight rise from 672,100 kg CO2e in the same year. First REIT has not disclosed any Scope 1 emissions data, and there are currently no specific reduction targets or climate pledges outlined in their sustainability initiatives. The absence of formal commitments, such as Science-Based Targets Initiative (SBTi) targets, indicates a need for further development in their climate strategy. The reported emissions data is not cascaded from any parent organization, ensuring that the figures reflect First REIT's direct operational impact. The company continues to focus on improving its energy intensity, particularly in its healthcare properties in Indonesia, as indicated by their sustainability reporting.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | - | - | - |
| Scope 2 | 54,627,600 | 00,000,000 | 00,000,000 |
| Scope 3 | 636,900 | 000,000 | 000,000 |
How Carbon Intensive is First Real Estate Investment Trust's Industry?
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First Real Estate Investment 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.
First Real Estate Investment 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.
