Keppel REIT Sustainability Profile
Keppel REIT, officially known as Keppel Real Estate Investment Trust, is a leading real estate investment trust headquartered in Singapore (SG). Established in 2006, the trust primarily focuses on the commercial property sector, with a strong presence in key markets across Asia-Pacific, including Singapore, Australia, and South Korea. Specialising in high-quality office and commercial properties, Keppel REIT distinguishes itself through its strategic acquisitions and sustainable development practices. The trust has achieved notable milestones, including a robust portfolio of prime assets that consistently deliver strong returns. With a commitment to innovation and sustainability, Keppel REIT has solidified its position as a market leader, recognised for its resilience and growth potential in the competitive real estate landscape.
DitchCarbon Score
How does Keppel 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
Keppel REIT's score of 61 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Keppel REIT's reported carbon emissions
In 2024, Keppel REIT reported total carbon emissions of approximately 29,913,000 kg CO2e. This includes Scope 1 emissions of about 2,033,000 kg CO2e, Scope 2 emissions of approximately 11,884,000 kg CO2e (market-based), and significant Scope 3 emissions totalling around 15,556,000 kg CO2e, which encompasses categories such as downstream leased assets and purchased goods and services. In 2023, the total emissions were about 26,457,000 kg CO2e, with Scope 1 emissions at approximately 1,536,000 kg CO2e and Scope 2 emissions at around 11,942,000 kg CO2e (market-based). The Scope 3 emissions for that year were approximately 13,795,000 kg CO2e. Keppel REIT has demonstrated a commitment to transparency in its emissions reporting, disclosing data across all three scopes (1, 2, and 3) for the years 2021 to 2024. However, there are currently no specific reduction targets or climate pledges outlined in their sustainability initiatives. The emissions data is not cascaded from any parent organization, indicating that Keppel REIT independently reports its carbon footprint. Overall, Keppel REIT's emissions reflect its operational impact, and while it has not set formal reduction targets, the company continues to monitor and report its carbon emissions as part of its sustainability efforts.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 1,884,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 22,647,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Keppel REIT's Industry?
How Carbon Intensive is Keppel REIT's Location?
Keppel REIT's Scope 3 Categories Breakdown
Keppel REIT's Scope 3 emissions, which increased by 13% last year and increased by approximately 10% since 2022, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 68% of total emissions under the GHG Protocol, with "Downstream Leased Assets" being the largest emissions source at 52% of Scope 3 emissions.
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Keppel 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.
Keppel 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.
