Lar Espana

Lar España, a real estate services company headquartered in Spain, reported total emissions of approximately 361,339 kg CO2e in 2022. This includes Scope 1 emissions of around 266,861 kg CO2e, Scope 2 market-based emissions of approximately 79,264 kg CO2e (or 3,329,112 kg CO2e location-based), and Scope 3 emissions of about 15,214 kg CO2e. In 2021, their total emissions were approximately 600,377 kg CO2e, comprising Scope 1 emissions of about 403,614 kg CO2e, Scope 2 market-based emissions of roughly 182,561 kg CO2e (or 3,031,602 kg CO2e location-based), and Scope 3 emissions of around 14,202 kg CO2e.

Lar España has demonstrated a commitment to reducing its carbon footprint. From 2022 to H1 2023, Scope 1 emissions decreased by 19.8% due to reduced fuel consumption for heating. Over the same period, Scope 2 market-based emissions were zero as 100% of purchased electricity came from renewable sources, while location-based Scope 2 emissions fell by 32.3%.

The company has set several climate targets. Lar España commits to reducing Scope 1 and Scope 2 GHG emissions by 46% by 2030 from a 2019 base year, and to measure and reduce its Scope 3 emissions. This target has been approved by the Science Based Targets initiative (SBTi) for small and medium-sized enterprises (SMEs) and is consistent with limiting warming to 1.5°C. Furthermore, Lar España aims for a 60% reduction in Scope 1 and 2 emissions by 2030 (market-based approach) compared to 2019, also achieving Climate Neutral status. The company is also working towards Net Zero across Scope 1, 2, and 3 emissions by 2050. Earlier targets included reducing Scope 1 emissions by 27.5% from 436,676 kg CO2e in 2019 to 261,485 kg CO2e in 2020, and Scope 2 emissions by 8.4% from 299,075 kg CO2e in 2019 to 269,322 kg CO2e in 2020.