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 44 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Lar Espana's reported carbon emissions
In 2023, Lar España reported total greenhouse gas emissions of approximately 3,100,700 kg CO2e, with Scope 1 emissions at about 380,000 kg CO2e, Scope 2 emissions at approximately 2,826,000 kg CO2e, and Scope 3 emissions at around 2,820,000 kg CO2e. The company has set ambitious targets to reduce its emissions, committing to a 46% reduction in both Scope 1 and Scope 2 emissions by 2030, using 2019 as the baseline year. This commitment aligns with the Science Based Targets initiative (SBTi) and aims to ensure compliance with the 1.5°C climate goal. In previous years, Lar España has demonstrated a proactive approach to emissions reduction. For instance, in 2020, they aimed to cut Scope 1 emissions by 27.5% from a baseline of 436,676 kg CO2e in 2019, targeting a reduction to approximately 261,485 kg CO2e. Additionally, they sought to reduce Scope 2 emissions by 8.4%, from 299,075 kg CO2e in 2019 to about 269,322 kg CO2e in 2020. Looking ahead, Lar España has established a long-term goal of achieving carbon neutrality by 2050, in line with the Intergovernmental Panel on Climate Change (IPCC) recommendations. This comprehensive GHG reduction plan underscores their commitment to responsible and sustainable business practices.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 754,310 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 2,867,446 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 00,000 | - |
| Scope 3 | - | - | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
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 participating in some of the initiatives that 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.
