Hibernia Real Estate Sustainability Profile
Hibernia Real Estate, also known as Hibernia REIT, is a prominent player in the Irish real estate sector, headquartered in Dublin, Ireland (IE). Established in 2013, the company has rapidly evolved, focusing on the acquisition, development, and management of high-quality commercial properties, primarily in Dublin and other key urban areas. Hibernia Real Estate distinguishes itself through its commitment to sustainability and innovative design, offering a diverse portfolio that includes office spaces, mixed-use developments, and residential properties. The firm has achieved notable milestones, including a successful listing on the Irish Stock Exchange, which has solidified its market position as a leading real estate investment trust (REIT) in Ireland. With a strong emphasis on creating value for its stakeholders, Hibernia continues to shape the landscape of Irish real estate.
DitchCarbon Score
How does Hibernia Real Estate'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
Hibernia Real Estate's score of 46 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hibernia Real Estate's reported carbon emissions
In 2023, Hibernia Real Estate, headquartered in Ireland (IE), reported significant carbon emissions, with a total of approximately 2,008,000 kg CO2e attributed to Scope 3 emissions. This marks a notable increase from 2022, where no Scope 3 emissions were recorded. The data for 2022 also includes a total of 9,639,000 kg CO2e globally, with Scope 1 emissions at 733,000 kg CO2e, Scope 2 at 770,000 kg CO2e, and Scope 3 emissions at 8,137,000 kg CO2e. Hibernia has set ambitious climate commitments, aiming for a 100% reduction in fossil fuel usage in existing assets by 2030, compared to a 2019 baseline. Additionally, they target a 55% reduction in Scope 2 CO2e emissions within the same timeframe. The company has also developed a Net Zero Carbon Pathway, aspiring to achieve net zero carbon status by 2030 across all scopes. The emissions data is cascaded from Hibernia REIT Plc, reflecting the broader corporate family's sustainability initiatives. Hibernia's commitment to reducing its carbon footprint aligns with industry standards and demonstrates a proactive approach to climate change mitigation.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 1,347,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 |
| Scope 2 | 2,277,000 | - | - | - | 0,000,000 | 000,000 | 000,000 |
| Scope 3 | - | - | - | - | 0,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Hibernia Real Estate's Industry?
How Carbon Intensive is Hibernia Real Estate's Location?
Hibernia Real Estate's Scope 3 Categories Breakdown
Hibernia Real Estate's Scope 3 emissions, which decreased by 9% last year and increased by approximately 13% since 2020, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 49% of Scope 3 emissions.
Top Scope 3 Categories
Hibernia Real Estate'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.
Hibernia Real Estate 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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