Mirvac Sustainability Profile
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 32 is higher than 53% 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 2024, Mirvac reported total carbon emissions of approximately 10.7 million kg CO2e, all of which fall under Scope 1 emissions. This marks an increase from the previous year's total of approximately 9.6 million kg CO2e, also solely from Scope 1 emissions. The breakdown of the 2024 emissions includes 5,700 kg from mobile combustion, 1,218,000 kg from fugitive emissions, and 8,363,000 kg from stationary combustion. Mirvac has set ambitious climate commitments, aiming to reduce its absolute Scope 1 greenhouse gas emissions by 83.6% by FY2030, using FY2019 as the baseline. Additionally, the company targets a 55% reduction in Scope 3 emissions from capital goods, as well as from the use of sold products and downstream leased assets, all measured per square metre of Gross Floor Area (GFA) by FY2030. Furthermore, Mirvac is committed to sending zero waste to landfill by 2030, reinforcing its dedication to sustainability and responsible resource management. These targets align with the Science Based Targets initiative (SBTi) and reflect Mirvac's proactive approach to addressing climate change within the real estate sector.
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| 2013 | 2014 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 7,066,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 |
| Scope 2 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | - | - |
| Scope 3 | - | 00,000,000 | 00,000,000 | 00,000,000 | - | - | - | - | - |
How Carbon Intensive is Mirvac's Industry?
How Carbon Intensive is Mirvac's Location?
Mirvac'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.
Mirvac has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Mirvac's sustainability data and climate commitments