Industrials Reit

Industrials REIT, a UK-based real estate services company, reported total carbon emissions of approximately 117.3 million kg CO2e in 2023. This includes Scope 1 emissions of around 50,000 kg CO2e, Scope 2 emissions of about 30,000 kg CO2e, and Scope 3 emissions of approximately 117.2 million kg CO2e. In 2022, total emissions were around 36.7 million kg CO2e, with Scope 1 at 47,000 kg CO2e, Scope 2 at 163,000 kg CO2e, and Scope 3 at 36.5 million kg CO2e. In 2021, the company's Scope 1 emissions were 9,000 kg CO2e, Scope 2 market-based emissions were 49,000 kg CO2e, and Scope 3 emissions were approximately 1.64 million kg CO2e.

Industrials REIT Limited has set near-term Science Based Targets initiative (SBTi) approved targets, cascaded from Industrials REIT Limited. The company commits to reducing Scope 1 and Scope 2 GHG emissions by 42% by 2030, using a 2022 base year. They also commit to measuring and reducing their Scope 3 emissions. This target aligns with a 1.5°C warming trajectory and was approved using a streamlined validation route for Small and Medium-sized Enterprises (SMEs). Previously, JRE had a reduction target for its entire portfolio of 35% for Scope 1 and Scope 2 emissions by 2030, compared to a 2013 baseline.