Fortune Reit
Fortune Real Estate Investment Trust (Fortune REIT), headquartered in Hong Kong, is a prominent player in the real estate investment sector. Established in 2003, the trust primarily focuses on retail and commercial properties across key regions in Hong Kong and mainland China. With a diverse portfolio that includes shopping malls and office spaces, Fortune REIT stands out for its strategic asset management and commitment to enhancing tenant experiences. Over the years, Fortune REIT has achieved significant milestones, including a successful listing on the Hong Kong Stock Exchange, which has solidified its market position. The trust is recognised for its robust financial performance and sustainable growth strategies, making it a preferred choice for investors seeking exposure to the dynamic Asian real estate market.
DitchCarbon Score
How does Fortune Reit'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
Fortune Reit's score of 35 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Fortune Reit's reported carbon emissions
In 2023, Fortune Real Estate Investment Trust (Fortune REIT) reported total carbon emissions of approximately 19,633,400 kg CO2e. This figure includes 794,900 kg CO2e from Scope 1 emissions, 18,547,600 kg CO2e from Scope 2 emissions, and 290,800 kg CO2e from Scope 3 emissions. Over the years, Fortune REIT has demonstrated a commitment to reducing its carbon footprint, achieving a significant decrease from 30,689,400 kg CO2e in 2019 to the latest figure in 2023. Fortune REIT has set ambitious targets to further reduce its greenhouse gas emissions. The company aims to achieve a 46% reduction in Scope 1 and Scope 2 emissions by 2030, using 2019 as the baseline year. This target has been validated by the Science Based Targets initiative (SBTi) and aligns with the necessary reductions to limit global warming to 1.5°C. Additionally, Fortune REIT is committed to measuring and reducing its Scope 3 emissions, reflecting a comprehensive approach to climate action. Overall, Fortune REIT's proactive stance on climate commitments and its measurable reduction targets position it as a responsible player in the real estate sector, headquartered in Hong Kong.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 2,024,100 | 0,000,000 | 0,000,000 | 000,000 | 000,000 |
| Scope 2 | 24,027,700 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 490,200 | 000,000 | 000,000 | 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.
Fortune Reit is committed to some reduction initiatives 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.
