Mabanee Company (K.P.S.C) Sustainability Profile
Mabanee Company (K.P.S.C), headquartered in Kuwait (KW), is a leading player in the real estate and development sector. Established in 1999, the company has made significant strides in transforming the urban landscape of Kuwait and the wider Gulf region. Mabanee is renowned for its flagship project, The Avenues, which stands as one of the largest shopping malls in the Middle East, showcasing its commitment to innovative design and customer experience. With a diverse portfolio that includes commercial, residential, and mixed-use developments, Mabanee distinguishes itself through its focus on sustainability and community integration. The company has consistently achieved notable milestones, solidifying its market position as a trusted developer. Mabanee's dedication to quality and excellence has earned it numerous accolades, reflecting its status as a pioneer in the real estate industry.
DitchCarbon Score
How does Mabanee Company (K.P.S.C)'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
Mabanee Company (K.P.S.C)'s score of 33 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Mabanee Company (K.P.S.C)'s reported carbon emissions
In 2023, Mabanee Company (K.P.S.C), headquartered in Kuwait, reported total carbon emissions of approximately 1640800 kg CO2e for Scope 1, 87322800 kg CO2e for Scope 2, and 120952400 kg CO2e for Scope 3, resulting in a combined total of about 222000000 kg CO2e. This marks a significant increase from 2022, where total emissions were approximately 222098200 kg CO2e, with Scope 1 at 34700 kg CO2e, Scope 2 at 102899100 kg CO2e, and Scope 3 at 119164400 kg CO2e. Mabanee has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 emissions to near zero by 2025. Additionally, the company has established a target to cut its Scope 2 emissions by 50% from 2021 levels by 2030, with a similar 50% reduction target for Scope 1 emissions from the same baseline year. These initiatives reflect Mabanee's commitment to achieving net-zero emissions in the near term. The company has disclosed emissions data across all three scopes, demonstrating transparency in its climate impact. As part of its sustainability strategy, Mabanee is actively working towards reducing its carbon footprint while maintaining operational efficiency.
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| 2017 | 2018 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 88,300 | 000,000 | 00,000 | 00,000 | 0,000,000 |
| Scope 2 | 160,341,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 3 | - | 00,000 | 00,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Mabanee Company (K.P.S.C)'s Industry?
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Mabanee Company (K.P.S.C)'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Mabanee Company (K.P.S.C) has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
