Hektar Real Estate Investment Trust Sustainability Profile
Hektar Real Estate Investment Trust (Hektar REIT), headquartered in Malaysia, is a prominent player in the real estate investment sector. Established in 2010, the trust focuses on the acquisition and management of retail and commercial properties, primarily in key urban areas across Malaysia. Hektar REIT's portfolio includes a diverse range of shopping malls and retail spaces, distinguished by their strategic locations and strong tenant mix. The trust has achieved significant milestones, including consistent dividend payouts and a robust market presence, making it a preferred choice for investors seeking stable returns in the Malaysian real estate market. With a commitment to sustainable growth and community engagement, Hektar REIT continues to enhance its position as a leading real estate investment trust in the region, reflecting its dedication to quality and innovation in property management.
DitchCarbon Score
How does Hektar Real Estate Investment Trust'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
Hektar Real Estate Investment Trust's score of 34 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hektar Real Estate Investment Trust's reported carbon emissions
In 2023, Hektar Real Estate Investment Trust reported total carbon emissions of approximately 30.7 million kg CO2e. This figure includes Scope 1 emissions of 2,000 kg CO2e, Scope 2 emissions of about 21.9 million kg CO2e, and Scope 3 emissions totalling approximately 8.8 million kg CO2e, which encompasses business travel, employee commuting, and downstream leased assets. Hektar has set ambitious reduction targets, aiming to decrease its Scope 2 greenhouse gas emissions by 20% by 2025 and 30% by 2030, using a 2019 baseline of 6,976 metric tons CO2e. This commitment reflects the company's proactive approach to climate action and aligns with industry standards for sustainability. The emissions data is not cascaded from any parent organization, indicating that Hektar independently tracks and reports its carbon footprint. The company continues to focus on enhancing its sustainability practices and reducing its environmental impact in the real estate sector.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 1,000 | 0,000 | 0,000 |
| Scope 2 | 25,043,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 185,000 | 000,000 | 0,000,000 |
How Carbon Intensive is Hektar Real Estate Investment Trust's Industry?
How Carbon Intensive is Hektar Real Estate Investment Trust's Location?
Hektar Real Estate Investment Trust's Scope 3 Categories Breakdown
Hektar Real Estate Investment Trust's Scope 3 emissions, which increased significantly last year and increased significantly since 2021, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 29% of total emissions under the GHG Protocol, with "Downstream Leased Assets" being the largest emissions source at 91% of Scope 3 emissions.
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Hektar Real Estate Investment Trust'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.
Hektar Real Estate Investment Trust has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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