Mirvac

Mirvac's reported carbon emissions

Mirvac, a real estate services company based in Australia, has set ambitious targets to reduce its environmental impact. For the fiscal year 2024, Mirvac reported Scope 1 emissions totalling approximately 10.71 million kg CO2e. In fiscal year 2023, their Scope 1 emissions were approximately 9.63 million kg CO2e. In fiscal year 2022, Scope 1 emissions stood at about 7.13 million kg CO2e, and in fiscal year 2021, total Scope 1 and 2 emissions were approximately 19.00 million kg CO2e, comprising 6.34 million kg CO2e from Scope 1 and 12.66 million kg CO2e from Scope 2 (market-based). Mirvac is committed to a net-zero future and has established several reduction initiatives. They aim to achieve zero waste to landfill by 2030. Furthermore, Mirvac has set a target for Scope 3 emissions to be net positive by 2030, supported by a released plan. In alignment with the Science Based Targets initiative (SBTi), Mirvac has committed to an 83.6% absolute reduction in Scope 1 and 2 greenhouse gas (GHG) emissions by fiscal year 2030, using a fiscal year 2019 baseline. Additionally, they aim for a 55% reduction in Scope 3 emissions from capital goods per square metre of Gross Floor Area (GFA) of delivered assets by fiscal year 2030. Reductions in Scope 3 emissions from the use of sold products are targeted at 55% per square metre of GFA of sold assets, and from downstream leased assets at 55% per square metre of Net Lettable Area (NLA) of managed assets, also by fiscal year 2030, from a fiscal year 2019 baseline. These targets are consistent with the reductions required to keep global warming to 1.5°C.