Hb Reavis

HB Reavis, a real estate services company headquartered in Luxembourg, reported total emissions of approximately 210.8 million kg CO2e in 2022. This includes about 2.1 million kg CO2e from Scope 1 emissions, approximately 27.6 million kg CO2e from Scope 2 market-based emissions, and about 181.1 million kg CO2e from Scope 3 emissions. The largest contributors to Scope 3 were capital goods (approximately 169.2 million kg CO2e) and downstream leased assets (approximately 8.5 million kg CO2e). In 2021, the company's total emissions were approximately 218.6 million kg CO2e.

HB Reavis Holding S.A. has set Science Based Targets initiative (SBTi) approved targets, consistent with a 1.5°C warming scenario for its operations (Scopes 1 and 2). These targets, cascaded from its parent company HB Reavis Holding S.A., commit to a 42% reduction in Scope 1 and Scope 2 GHG emissions by 2030 from a 2021 base year. The company also commits to measure and reduce its Scope 3 emissions. Furthermore, HB Reavis Holding S.A. aims to achieve net-zero emissions by 2050, which includes a 90% reduction in Scope 1, Scope 2, and Scope 3 emissions by 2050 from a 2021 base year. Additionally, HB Reavis has a target to reduce corporate emissions by 35% by 2030, compared to a 2019 baseline, and to achieve a 60% reduction in whole building energy use intensity in new developments by 2030.