Merlin Properties
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.
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
Merlin Properties's score of 61 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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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. This figure includes 2,422,000 kg CO2e from Scope 1 emissions, 11,000 kg CO2e from Scope 2 (market-based), and a substantial 146,054,000 kg CO2e from Scope 3 emissions, which encompasses various categories such as capital goods and employee commuting. Merlin Properties has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 greenhouse gas emissions by 50% by 2030, using 2018 as the base year. Additionally, the company has pledged to achieve a 90% reduction in total emissions across all scopes (1, 2, and 3) by 2050, also from a 2018 baseline. These targets are aligned with the Science Based Targets initiative (SBTi) and are classified as consistent with the goal of limiting global warming to 1.5°C. The company has disclosed its emissions data comprehensively, covering all relevant scopes, and is actively working towards its reduction targets. Merlin Properties's commitment to sustainability reflects its recognition of the importance of addressing climate change within the real estate sector.
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| 2015 | 2016 | 2017 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| 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
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.
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.
