Millennium Housing Developers PLC Sustainability Profile
Millennium Housing Developers PLC, commonly referred to as MHD, is a prominent player in the real estate development industry, headquartered in LK. Established in 2005, the company has made significant strides in residential and commercial property development across major operational regions, including urban centres and emerging markets. MHD is renowned for its innovative housing solutions, offering a diverse portfolio that includes affordable housing, luxury apartments, and commercial spaces. Their commitment to quality and sustainability sets them apart in a competitive market. With a focus on customer satisfaction and community development, Millennium Housing Developers has earned a reputation for excellence, achieving numerous accolades for their projects. As a leader in the industry, MHD continues to shape the landscape of modern living, making a lasting impact on the communities they serve.
DitchCarbon Score
How does Millennium Housing Developers PLC'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
Millennium Housing Developers PLC's score of 15 is lower than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Millennium Housing Developers PLC's reported carbon emissions
In 2024, Millennium Housing Developers PLC reported total carbon emissions of approximately 6,115,000 kg CO2e. This includes Scope 1 emissions of about 3,686,000 kg CO2e, primarily from stationary combustion (1,979,000 kg CO2e) and fugitive emissions (240,000 kg CO2e). Scope 2 emissions, derived from purchased electricity, accounted for approximately 1,370,000 kg CO2e, while Scope 3 emissions totalled around 1,059,000 kg CO2e, with significant contributions from waste generated in operations (705,000 kg CO2e) and business travel (171,000 kg CO2e). In 2023, the company reported slightly lower total emissions of about 5,730,000 kg CO2e, with Scope 1 emissions at approximately 3,345,000 kg CO2e, Scope 2 emissions at around 1,359,000 kg CO2e, and Scope 3 emissions at about 1,026,000 kg CO2e. Despite these figures, Millennium Housing Developers PLC has not established specific reduction targets or climate pledges, indicating a potential area for improvement in their climate strategy. The absence of Science-Based Targets Initiative (SBTi) commitments suggests that the company may need to enhance its climate action framework to align with industry standards.
How Carbon Intensive is Millennium Housing Developers PLC's Industry?
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Millennium Housing Developers PLC's Scope 3 Categories Breakdown
Millennium Housing Developers PLC's Scope 3 emissions, which increased by 3% last year and increased by approximately 3% since 2023, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 17% of total emissions under the GHG Protocol, with "Waste Generated in Operations" being the largest emissions source at 67% of Scope 3 emissions.
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Millennium Housing Developers PLC'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.
Millennium Housing Developers PLC 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.
