Fortune Reit

Fortune REIT, a Hong Kong-based real estate services company, reported total carbon emissions of approximately 63,751,400 kg CO2e in 2025. This includes about 1,459,180 kg CO2e from Scope 1, 16,816,200 kg CO2e from Scope 2 (location-based), and 45,476,100 kg CO2e from Scope 3 emissions. Notably, its Scope 3 emissions in 2025 included 1,118,400 kg CO2e from capital goods, 33,205,700 kg CO2e from downstream leased assets, 6,270,400 kg CO2e from purchased goods and services, and 4,881,600 kg CO2e from waste generated in operations.

For 2024, Fortune REIT's total emissions were approximately 49,357,700 kg CO2e, with Scope 1 at about 312,800 kg CO2e, Scope 2 at approximately 17,425,000 kg CO2e (location-based), and Scope 3 at about 31,619,900 kg CO2e. In 2023, the company reported total emissions of approximately 19,633,400 kg CO2e, comprising around 794,900 kg CO2e for Scope 1, 18,547,600 kg CO2e for Scope 2 (location-based), and 290,800 kg CO2e for Scope 3. Looking back to 2022, total emissions were approximately 49,357,700 kg CO2e, with Scope 1 at about 312,800 kg CO2e, Scope 2 at around 17,425,000 kg CO2e, and Scope 3 at approximately 31,619,900 kg CO2e.

Fortune REIT has set near-term Science Based Targets initiative (SBTi) approved targets. As an SME, it commits to reducing Scope 1 and Scope 2 greenhouse gas emissions by 46% by 2030, using a 2019 base year. The company also aims to measure and reduce its Scope 3 emissions. These targets are consistent with the reductions required to limit global warming to 1.5°C.