Mirvac

Mirvac, an Australian real estate services company, has set ambitious climate commitments. For 2024, Mirvac reported Scope 1 emissions of 10,711,000 kg CO2e, including 57,000 kg CO2e from mobile combustion, 1,218,000 kg CO2e from fugitive emissions, and 8,363,000 kg CO2e from stationary combustion. In 2023, Scope 1 emissions were 9,632,000 kg CO2e, with mobile combustion at 83,000 kg CO2e, fugitive emissions at 415,000 kg CO2e, and stationary combustion at 7,897,000 kg CO2e. For 2022, Scope 1 emissions were 7,125,000 kg CO2e. In 2021, Mirvac disclosed Scope 1 emissions of 6,342,000 kg CO2e and Scope 2 (market-based) emissions of 12,660,000 kg CO2e, primarily from purchased electricity. The total Scope 1 and 2 emissions for 2021 were 19,002,000 kg CO2e. In 2020, Mirvac's Scope 1 emissions were 7,457,000 kg CO2e, and Scope 2 emissions from purchased electricity were 44,532,000 kg CO2e, leading to a combined Scope 1 and 2 total of 51,989,000 kg CO2e.

Looking further back, in 2019, Mirvac's total emissions were approximately 102,331,000 kg CO2e, comprising 6,619,000 kg CO2e for Scope 1, 78,041,000 kg CO2e for Scope 2 (or 73,110,000 kg CO2e market-based), and 22,603,000 kg CO2e for Scope 3. The total Scope 1 and 2 market-based emissions were 79,728,000 kg CO2e. In 2018, total emissions were about 102,126,000 kg CO2e, with Scope 1 at 6,829,000 kg CO2e, Scope 2 at 73,772,000 kg CO2e, and Scope 3 at 21,525,000 kg CO2e. The total Scope 1 and 2 market-based emissions for 2018 were 80,601,000 kg CO2e. For 2017, total emissions were around 107,416,000 kg CO2e, with Scope 1 at 4,640,000 kg CO2e, Scope 2 from purchased electricity at 79,149,000 kg CO2e, and Scope 3 at 23,627,000 kg CO2e. The combined Scope 1 and 2 emissions for 2017 were 83,790,000 kg CO2e. In 2014, total emissions were approximately 108,676,000 kg CO2e, including 11,441,000 kg CO2e for Scope 1, 69,202,000 kg CO2e for Scope 2, and 28,032,000 kg CO2e for Scope 3. The total Scope 1 and 2 emissions were 80,643,000 kg CO2e. For 2013, Mirvac reported Scope 1 emissions of 7,066,000 kg CO2e.

Mirvac has near-term Science Based Targets initiative (SBTi) commitments to reduce absolute Scope 1 and 2 greenhouse gas emissions by 83.6% by fiscal year 2030, using a fiscal year 2019 baseline. These targets align with a 1.5°C warming scenario. Additionally, Mirvac aims to reduce Scope 3 emissions from capital goods by 55% per square metre of Gross Floor Area (GFA) of delivered assets and from the use of sold products by 55% per square metre of GFA of sold assets within the same timeframe. They also commit to reducing Scope 3 emissions from downstream leased assets by 55% per square metre of Net Lettable Area (NLA) of managed assets by FY2030 from a FY2019 baseline. Mirvac also targets net positive Scope 3 emissions by 2030 and aims for zero waste to landfill by 2030.