Glenveagh Properties PLC Sustainability Profile
Glenveagh Properties PLC, a prominent player in the Irish residential property market, is headquartered in Ireland (IE) and operates primarily across the Republic of Ireland. Founded in 2017, the company has quickly established itself as a leader in the construction and development of high-quality homes, focusing on sustainable building practices and innovative design. Specialising in residential developments, Glenveagh offers a diverse range of properties, from affordable housing to luxury homes, catering to various market segments. The company is recognised for its commitment to quality and customer satisfaction, which has earned it a strong reputation in the industry. With a robust pipeline of projects and a focus on addressing Ireland's housing shortage, Glenveagh Properties continues to solidify its position as a key contributor to the nation's housing landscape.
DitchCarbon Score
How does Glenveagh Properties PLC'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 Construction Work 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
Glenveagh Properties PLC's score of 52 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Glenveagh Properties PLC's reported carbon emissions
In 2023, Glenveagh Properties PLC reported total carbon emissions of approximately 193,270,000 kg CO2e. This includes Scope 1 emissions of about 3,234,000 kg CO2e, Scope 2 emissions of approximately 350,000 kg CO2e (market-based), and a significant Scope 3 contribution of around 189,000,000 kg CO2e. Notably, the Scope 3 emissions are primarily driven by purchased goods and services (about 153,744,000 kg CO2e) and the use of sold products (approximately 38,444,000 kg CO2e). Glenveagh has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by 2050, using 2021 as the base year. The company has established near-term targets to reduce absolute Scope 1 and 2 emissions by 46.2% by 2031 and Scope 3 emissions by 55.0% per 100 square meters of completed floor area within the same timeframe. Long-term goals include a 90% reduction in Scope 1 and 2 emissions and a 97% reduction in Scope 3 emissions per 100 square meters by 2050. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect Glenveagh's commitment to sustainable practices in the homebuilding sector. The company is actively working towards these goals to mitigate its environmental impact and contribute to global climate efforts.
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| 2019 | 2020 | 2021 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 2,295,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 79,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | - | 000,000,000 | 000,000,000 | 000,000,000 |
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Glenveagh Properties PLC's Scope 3 Categories Breakdown
Glenveagh Properties PLC's Scope 3 emissions, which increased by 10% last year and increased by approximately 64% since 2020, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 73% of Scope 3 emissions.
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Glenveagh Properties PLC'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.
Glenveagh Properties PLC has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Glenveagh Properties PLC's sustainability data and climate commitments