Mirvac
Mirvac Group, commonly known as Mirvac, is a leading Australian property and infrastructure company headquartered in Sydney, Australia. Founded in 1972, Mirvac has established a strong presence across major operational regions, including New South Wales, Victoria, and Queensland. The company operates primarily in the real estate sector, focusing on residential, commercial, and retail developments. Mirvac is renowned for its commitment to sustainability and innovation, offering a diverse range of core services that include property development, investment management, and asset management. With a reputation for delivering high-quality projects, Mirvac has achieved notable milestones, such as being recognised for its excellence in design and environmental stewardship. As a key player in the Australian property market, Mirvac continues to set benchmarks for quality and sustainability in the industry.
DitchCarbon Score
How does Mirvac'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
Mirvac's score of 30 is higher than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Mirvac's reported carbon emissions
In 2023, Mirvac reported total carbon emissions of approximately 19,632,000 kg CO2e, comprising 9,632,000 kg CO2e from Scope 1 emissions and 9,732,000 kg CO2e from Scope 3 emissions. Notably, there were no reported Scope 2 emissions for this year. Over the years, Mirvac has demonstrated a commitment to reducing its carbon footprint. For instance, in 2020, the company achieved a significant reduction in total emissions to about 68,005,000 kg CO2e, down from approximately 102,331,000 kg CO2e in 2019. This reflects a broader trend of decreasing emissions, with total emissions dropping from about 104,462,000 kg CO2e in 2013 to the latest figure in 2023. Mirvac has set near-term climate targets and is actively engaged in sustainability initiatives, although it has not committed to a net-zero target as of now. The company is focused on improving its operational efficiency and reducing carbon intensity across its portfolio, with a reported 62% reduction in carbon intensity since 2014. Overall, Mirvac's ongoing efforts in carbon management and sustainability reflect its commitment to addressing climate change within the real estate sector in Australia.
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| 2013 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 7,066,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 |
| Scope 2 | 12,660,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | - | - | - |
| Scope 3 | 25,970,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | 0,000,000 | 0,000,000 | 00,000,000 |
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.
Mirvac is not participating in any 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.
