Nepi Rockcastle

Nepi Rockcastle's reported carbon emissions

NEPI Rockcastle, a real estate services company headquartered in Romania, has reported its carbon emissions and established ambitious climate commitments. For the fiscal year 2024, NEPI Rockcastle reported total GHG emissions of approximately 146.4 million kg CO2e. This figure comprises Scope 1 emissions totalling around 7.4 million kg CO2e, and Scope 2 emissions (market-based) of approximately 7.9 million kg CO2e. Scope 3 emissions were significantly higher, amounting to approximately 375.2 million kg CO2e, with downstream leased assets accounting for about 61.9 million kg CO2e and fuel and energy-related activities contributing around 69.1 million kg CO2e. In the preceding year, 2023, total GHG emissions were approximately 160.8 million kg CO2e. Scope 1 emissions were around 7.1 million kg CO2e, while Scope 2 (market-based) emissions were approximately 13.3 million kg CO2e. Scope 3 emissions were reported at about 385.4 million kg CO2e. NEPI Rockcastle is committed to achieving its sustainability goals, including an SBTi-validated net-zero target for 2030. The company has set near-term targets aligned with a 1.5°C pathway. Specifically, NEPI Rockcastle aims to reduce Scope 1 and 2 GHG emissions by 80.0% per square metre by 2030, using a 2019 base year. Additionally, the company commits to reducing absolute Scope 3 GHG emissions from fuel and energy-related activities and downstream leased assets by 25% within the same timeframe. Further to these commitments, NEPI Rockcastle also has a target to achieve zero waste to landfill by 2025. The company's sustainability efforts are overseen by a dedicated Sustainability Committee, with the CFO as a member, ensuring the integration of sustainable practices into its business strategy and operations.