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Mirvac Group, commonly known as Mirvac, is a leading Australian real estate services company headquartered in Sydney, Australia. Established in 1972, Mirvac has built a strong reputation in the property sector, focusing on residential, commercial, and retail developments across major cities in Australia.
With a commitment to sustainability and innovation, Mirvac offers a diverse range of services, including property development, investment management, and asset management. The company is renowned for its unique approach to creating vibrant communities and high-quality living spaces, setting it apart in the competitive real estate market.
As a prominent player in the industry, Mirvac has achieved significant milestones, including numerous awards for design excellence and sustainability. Its strategic focus on delivering exceptional value and fostering long-term relationships positions Mirvac as a trusted name in real estate services.
31
DitchCarbon score
+2 vs industry average
Mirvac’s score of 31 is lower than 48% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
High
Real Estate Services has above-average carbon intensity
Industry performance
0.221
20182025
The Real Estate Services industry has reduced its overall emissions by 17% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Mirvac's reported carbon emissions
Mirvac, an Australian real estate services company, has set Science Based Targets initiative (SBTi) approved targets to reduce its carbon emissions. The company's near-term targets, set for FY2030 from a FY2019 base year, include an 83.6% absolute reduction in Scope 1 and 2 greenhouse gas emissions. Mirvac also aims to reduce Scope 3 emissions from capital goods by 55% per square metre of Gross Floor Area (GFA) of delivered assets, Scope 3 emissions from the use of sold products by 55% per square metre of GFA of sold assets, and Scope 3 emissions from downstream leased assets by 55% per square metre of Net Lettable Area (NLA) of managed assets. These targets are classified as consistent with keeping warming to 1.5°C.
In 2024, Mirvac reported Scope 1 emissions of approximately 10.7 million kg CO2e. This includes mobile combustion (57,000 kg CO2e), fugitive emissions (1.2 million kg CO2e), and stationary combustion (8.4 million kg CO2e). For 2023, Scope 1 emissions were approximately 9.6 million kg CO2e, with mobile combustion contributing 83,000 kg CO2e, fugitive emissions 415,000 kg CO2e, and stationary combustion 7.9 million kg CO2e. In 2022, Scope 1 emissions were approximately 7.1 million kg CO2e.
Looking further back, in 2021, Mirvac reported Scope 1 emissions of approximately 6.3 million kg CO2e and Scope 2 emissions (market-based) of approximately 12.7 million kg CO2e, primarily from purchased electricity. The combined Scope 1 and 2 emissions for 2021 were approximately 19 million kg CO2e. For 2020, Scope 1 emissions were approximately 7.5 million kg CO2e, and Scope 2 emissions from purchased electricity were approximately 44.5 million kg CO2e.
In 2019, Mirvac's total reported emissions were approximately 102.3 million kg CO2e, comprising Scope 1 emissions of approximately 6.6 million kg CO2e, Scope 2 emissions (market-based) of approximately 73.1 million kg CO2e, and Scope 3 emissions of approximately 22.6 million kg CO2e. The prior year, 2018, saw total emissions of approximately 102.1 million kg CO2e, with Scope 1 at approximately 6.8 million kg CO2e, Scope 2 at approximately 73.8 million kg CO2e, and Scope 3 at approximately 21.5 million kg CO2e. In 2017, total emissions were approximately 107.4 million kg CO2e, including Scope 1 emissions of approximately 4.6 million kg CO2e, Scope 2 emissions from purchased electricity of approximately 79.1 million kg CO2e, and Scope 3 emissions of approximately 23.6 million kg CO2e.
Mirvac has also committed to sending zero waste to landfill by 2030 and aims to be "net positive" for Scope 3 emissions by 2030.
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Mirvac’s Climate Goals (2030 & 2050)
3 goals2030
83.6% reduction in Scope 2
Mirvac commits to reduce absolute scope 1 and scope 2 GHG emissions 83.6% by FY2030 from a FY2019 base year.
At risk83.6%
2030
83.6% reduction in Scope 1
Mirvac commits to reduce absolute scope 1 and scope 2 GHG emissions 83.6% by FY2030 from a FY2019 base year.
Behind target83.6%
2030
55% reduction in scope 3 total
Mirvac commits to reduce scope 3 GHG emissions from downstream leased assets 55% per m2 of Net Lettable Area (NLA) of managed assets by FY20…
Insufficient data55%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
FY2030 targetSee details
Active
Carbon Disclosure Project
See details
Not active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
See details
Not active
RE 100
See details
Not active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Mirvac6 months ago
31
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Frequently asked questions
Common questions about Mirvac’s sustainability data and climate commitments
Mirvac, an Australian real estate services company, reported its Scope 1 emissions for 2024 to be approximately 10.7 million kg CO2e. This figure includes contributions from mobile combustion, fugitive emissions, and stationary combustion. Looking back, the company's total reported emissions in 2019 were around 102.3 million kg CO2e, encompassing Scope 1, Scope 2, and Scope 3 emissions. Mirvac directly reports its own emissions data, demonstrating substantial transparency in its environmental disclosures.
Data year: 2024
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