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Public Profile
Real Estate Services
ES
updated 10 days ago

Merlin Properties

Company website

Merlin Properties, a prominent player in the real estate investment sector, is headquartered in Spain (ES) and primarily operates across major urban centres in the Iberian Peninsula. Founded in 2014, the company has rapidly established itself as a leader in the acquisition, development, and management of commercial properties, particularly in the office and retail segments. With a diverse portfolio that includes high-quality assets in prime locations, Merlin Properties distinguishes itself through its commitment to sustainability and innovation. The company has achieved significant milestones, including a successful listing on the Spanish stock exchange, which has bolstered its market position. Recognised for its strategic approach and robust financial performance, Merlin Properties continues to shape the landscape of the real estate industry in Spain and beyond.

DitchCarbon Score

How does Merlin Properties'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.

61

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.

22

Industry Benchmark

Merlin Properties's score of 61 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.

79%

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Merlin Properties's reported carbon emissions

In 2023, Merlin Properties SOCIMI, S.A. reported significant carbon emissions, totalling approximately 146,067,000 kg CO2e across all scopes. This includes 2,422,000 kg CO2e from Scope 1, 11,000 kg CO2e from Scope 2 (market-based), and a substantial 146,067,000 kg CO2e from Scope 3 emissions. The company has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 greenhouse gas emissions by 50% by 2030 from a 2018 baseline, and to achieve a 90% reduction in total emissions (Scope 1, 2, and 3) by 2050. Merlin Properties has established its targets in alignment with the Science Based Targets initiative (SBTi), which confirms that their goals are consistent with the reductions necessary to limit global warming to 1.5°C. The company is committed to measuring and reducing its Scope 3 emissions, which represent the majority of its carbon footprint. The emissions data and reduction targets are sourced directly from Merlin Properties SOCIMI, S.A., with no cascading from a parent organization. The company is headquartered in Spain and operates within the real estate sector, demonstrating a proactive approach to sustainability and climate responsibility.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

2015201620172020202120222023
Scope 1
1,642,000
0,000,000
0,000,000
0,000,000
0,000,000
0,000,000
0,000,000
Scope 2
8,822,000
0,000,000
00,000,000
000,000
000,000
00,000
00,000
Scope 3
-
-
-
-
000,000,000
000,000,000
000,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Merlin Properties's primary industry is Real estate services (70), which is low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Merlin Properties is in ES, which has a low grid carbon intensity relative to other regions.

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.

Merlin Properties 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

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