Fortune Reit

Fortune Real Estate Investment Trust (REIT), headquartered in HK and operating in the real estate services sector, has reported its carbon emissions and climate commitments. For the fiscal year 2023, the REIT's total reported emissions were approximately 19,633,400 kg CO2e. This figure includes Scope 1 emissions totalling about 794,900 kg CO2e, Scope 2 emissions of approximately 18,547,600 kg CO2e, and Scope 3 emissions amounting to approximately 290,800 kg CO2e. In 2022, total emissions were around 49,357,700 kg CO2e, comprising Scope 1 emissions of about 312,800 kg CO2e, Scope 2 emissions of approximately 17,425,000 kg CO2e, and Scope 3 emissions of roughly 31,619,900 kg CO2e. Prior to this, in 2021, total emissions were approximately 20,624,700 kg CO2e, with Scope 1 emissions at around 2,196,600 kg CO2e and Scope 2 emissions at approximately 18,099,000 kg CO2e. Scope 3 emissions for 2021 were reported as approximately 358,800 kg CO2e. In 2020, total emissions were approximately 26,542,000 kg CO2e, comprising Scope 1 emissions of about 2,024,100 kg CO2e and Scope 2 emissions of approximately 24,027,700 kg CO2e, with Scope 3 emissions at about 490,200 kg CO2e.

Fortune REIT has set ambitious climate targets. It commits to reducing its Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 46% by 2030, using 2019 as the base year. The REIT also pledges to measure and reduce its Scope 3 emissions. These targets are recognised as being consistent with keeping warming to 1.5°C and have been approved via a streamlined validation route for small and medium-sized enterprises (SMEs). No emissions data was reported for 2024, 2019, or 2018.