Mindspace Business Parks Reit

Mindspace Business Parks Reit's reported carbon emissions

In 2024, Mindspace Business Parks REIT reported total carbon emissions of approximately 249,000,000 kg CO2e. This figure includes Scope 1 emissions of about 2,490,000 kg CO2e, Scope 2 emissions of approximately 55,296,000 kg CO2e, and Scope 3 emissions totalling around 239,777,000 kg CO2e. The breakdown of Scope 3 emissions highlights significant contributions from downstream leased assets (about 123,984,000 kg CO2e) and purchased goods and services (approximately 101,668,000 kg CO2e). Mindspace Business Parks REIT is committed to achieving net-zero emissions across all scopes by 2050, as part of its long-term climate strategy. This commitment is aligned with the Science Based Targets initiative (SBTi), which underscores the organisation's dedication to sustainable practices within the real estate sector. The REIT's emissions data is independently verified and reflects its ongoing efforts to monitor and reduce its carbon footprint. The organisation has shown a proactive approach to climate commitments, although specific reduction targets for the near term have not been detailed. Mindspace Business Parks REIT's emissions data is not cascaded from any parent organisation, ensuring that its reported figures are solely reflective of its own operations.