Irish Residential Properties Reit Sustainability Profile
Irish Residential Properties REIT (IRES REIT) is a leading player in the Irish residential property market, headquartered in Dublin, Ireland. Founded in 2013, the company has rapidly established itself as a significant force in the real estate investment trust (REIT) sector, focusing primarily on the acquisition, development, and management of residential properties across major urban areas in Ireland. IRES REIT's portfolio includes a diverse range of high-quality rental apartments, catering to the growing demand for residential accommodation in cities like Dublin and Cork. The company is distinguished by its commitment to sustainability and tenant satisfaction, ensuring that its properties meet modern living standards. With a strong market position, IRES REIT has achieved notable milestones, including consistent growth in rental income and a robust occupancy rate, solidifying its reputation as a trusted name in the Irish residential property landscape.
DitchCarbon Score
How does Irish Residential Properties Reit'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
Irish Residential Properties Reit's score of 41 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Irish Residential Properties Reit's reported carbon emissions
In 2023, Irish Residential Properties REIT (I-RES) reported total carbon emissions of approximately 62,000 kg CO2e, comprising 8,000 kg CO2e from Scope 1 and 54,000 kg CO2e from Scope 2. This marked a significant reduction in emissions, with Scope 1 emissions decreasing by 41% year-on-year and Scope 2 emissions down by 26%. The GHG intensity for Scope 1 fell by 59%, primarily due to a non-recurring reduction in consumption at I-RES Headquarters. For 2024, I-RES aims to continue its emissions reduction trajectory, targeting a combined decrease of 12.7% in Scope 1 and Scope 2 emissions. The company has set a long-term commitment to achieve net zero emissions by 2050, covering both Scope 1 and Scope 2 emissions. I-RES's climate commitments reflect a proactive approach to sustainability, with ongoing energy-saving initiatives contributing to a 16% reduction in Scope 2 GHG intensity in 2023. The company’s efforts are aligned with industry standards and demonstrate a commitment to reducing its carbon footprint while enhancing operational efficiency.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | - | - | 00,000 | 00,000 | 0,000 |
| Scope 2 | 76,000 | 00,000 | 000,000 | 00,000 | 00,000 |
| Scope 3 | - | - | - | - | - |
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Irish Residential Properties Reit'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.
Irish Residential Properties Reit 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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