First Real Estate Investment Trust
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 23 is lower than 58% 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) reported carbon emissions of approximately 59,911,500 kg CO2e for Scope 2 and about 672,500 kg CO2e for Scope 3. This reflects a slight increase in Scope 2 emissions compared to 2022, where emissions were approximately 55,313,900 kg CO2e, while Scope 3 emissions also saw a minor rise from about 672,100 kg CO2e. First REIT has not disclosed any specific reduction targets or initiatives as part of their climate commitments. The absence of defined reduction goals suggests a need for further development in their sustainability strategy. The company continues to focus on energy intensity in its operations, particularly in its healthcare properties in Indonesia, which is a critical aspect of their environmental impact. Overall, First REIT's emissions data highlights the ongoing challenges in managing carbon outputs, particularly in Scope 2 emissions, which are primarily associated with purchased electricity. The company is positioned within a sector that increasingly prioritises sustainability, indicating potential future commitments to reduce its carbon footprint.
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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 |
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.
First Real Estate Investment Trust 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.
