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 54 is higher than 98% 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 380,000 kg CO2e from Scope 1 emissions and 2,820,000 kg CO2e from Scope 3 emissions, with no reported Scope 2 emissions. Over the years, the company has made significant strides in reducing its carbon footprint, achieving a total reduction in emissions from 2019 levels. From 2019 to 2023, Lar España has committed to a 46% reduction in Scope 1 and Scope 2 greenhouse gas emissions by 2030, using 2019 as the baseline year. This target has been validated by the Science Based Targets initiative (SBTi) and aligns with the goal of limiting global warming to 1.5°C. The company also aims to measure and reduce its Scope 3 emissions, which represent a significant portion of its overall carbon footprint. In previous years, Lar España's emissions were notably higher, with 2019 reporting approximately 4,709,000 kg CO2e in Scope 3 emissions alone. The company has demonstrated a commitment to sustainability and climate action through these ambitious targets and ongoing measurement of its emissions across all relevant scopes.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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 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.
