Lar Espana
Lar España Real Estate Socimi, commonly referred to as Lar España, is a prominent player in the Spanish real estate sector, headquartered in Madrid, Spain. Founded in 2014, the company has rapidly established itself as a leader in the acquisition, development, and management of retail and commercial properties across key regions in Spain. Specialising in high-quality shopping centres and retail parks, Lar España focuses on enhancing the customer experience through innovative design and strategic location selection. The company has achieved significant milestones, including a robust portfolio that showcases its commitment to sustainability and community engagement. With a strong market position, Lar España is recognised for its impressive growth and resilience in the competitive real estate landscape, making it a trusted name for investors and stakeholders alike.
DitchCarbon Score
How does Lar Espana'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
Lar Espana's score of 41 is lower than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Lar Espana's reported carbon emissions
In 2023, Lar España Real Estate SOCIMI, S.A. reported total carbon emissions of approximately 310,070 kg CO2e. This figure includes 266,861 kg CO2e from Scope 1 emissions and 79264 kg CO2e from Scope 2 emissions. Notably, the company has not disclosed any Scope 3 emissions for this year, which totalled 13,501 kg CO2e. Over the years, Lar España has made significant strides in reducing its carbon footprint. From 2019 to 2023, the company has achieved a reduction in total emissions from 745,422 kg CO2e in 2019 to 310,070 kg CO2e in 2023. This represents a substantial decrease, showcasing their commitment to sustainability. Lar España has set ambitious targets to further reduce its greenhouse gas emissions. The company is committed to a 46% reduction in Scope 1 and Scope 2 emissions by 2030, using 2019 as the baseline year. This target has been approved by the Science Based Targets initiative (SBTi) and aligns with the necessary reductions to limit global warming to 1.5°C. Overall, Lar España's ongoing efforts and commitments reflect a proactive approach to addressing climate change and reducing their environmental impact within the real estate sector.
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Add to project| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 754,310 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | - |
| Scope 2 | 2,867,446 | 0,000,000 | 0,000,000 | 000,000 | 00,000 | 000,000 | 00,000 | 0,000,000 |
| Scope 3 | - | - | - | 0,000 | 0,000 | 00,000 | 00,000 | 00,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Lar Espana is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
