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Lar España Real Estate Socimi, commonly referred to as Lar España, is a prominent player in the real estate services industry, headquartered in Spain. Established in 2014, the company has rapidly positioned itself as a leader in the Spanish market, focusing on the acquisition, development, and management of retail and commercial properties across key regions.
With a diverse portfolio that includes shopping centres, retail parks, and logistics assets, Lar España distinguishes itself through its strategic approach to property management and value creation. The company has achieved significant milestones, including a successful IPO and a robust expansion strategy that underscores its commitment to sustainable growth. Recognised for its innovative solutions and strong market presence, Lar España continues to shape the landscape of real estate in Spain, making it a noteworthy entity in the sector.
-4 vs industry average
Lar Espana’s score of 25 is lower than 42% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Real Estate Services has above-average carbon intensity
The Real Estate Services industry has reduced its overall emissions by 17% since 2018
Scope 3 accounts for ••• of total emissions.
Lar España, a real estate services company headquartered in ES, reported total emissions of approximately 672,677 kg CO2e in 2020. This includes Scope 2 emissions from purchased electricity of about 269,322 kg CO2e and Scope 3 emissions of approximately 10,082 kg CO2e. In 2019, the company's total emissions were around 745,435 kg CO2e, with Scope 2 emissions of approximately 299,075 kg CO2e and Scope 3 emissions of about 9,683 kg CO2e.
Lar España has set several climate commitments. It aims to reduce its Scope 1 emissions by 27.5% from a 2019 baseline of 436,676 kg CO2e to 261,485 kg CO2e in 2020. Additionally, it targets an 8.4% reduction in Scope 2 emissions, from 299,075 kg CO2e in 2019 to 269,322 kg CO2e in 2020. The company has also achieved a 19.8% reduction in Scope 1 emissions in H1 2023 compared to the same period in 2022 due to reduced fuel consumption for heating. For Scope 2 emissions, a market-based calculation shows zero emissions as 100% of purchased electricity comes from guaranteed renewable sources, while the location-based method shows a 32.3% decrease in H1 2023 compared to H1 2022.
Lar España has committed to Science Based Targets initiative (SBTi) for small and medium-sized enterprises (SMEs). This includes a commitment to reduce 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. The company also states a goal of carbon neutrality and working towards Net Zero by 2050 for Scope 1, 2, and 3 emissions. Additionally, a short-term target involves a 60% reduction in Scope 1 and 2 emissions by 2030 (market-based approach) compared to 2019, aiming for Climate Neutral status.
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2030
46% reduction in Scope 2
2030
46% reduction in Scope 1
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
No scope 3 category breakdown has been disclosed yet.


Common questions about Lar Espana’s sustainability data and climate commitments
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