Prosperity REIT
Prosperity Real Estate Investment Trust (Prosperity REIT), headquartered in Hong Kong, is a prominent player in the real estate investment sector. Established in 2005, the REIT focuses on acquiring and managing a diversified portfolio of quality income-generating properties, primarily in Hong Kong and mainland China. With a strategic emphasis on retail and commercial properties, Prosperity REIT stands out for its commitment to sustainable growth and tenant satisfaction. The trust has achieved significant milestones, including a robust market position that reflects its effective asset management and operational excellence. Recognised for its unique approach to property investment, Prosperity REIT continues to deliver value to its unitholders while contributing to the dynamic landscape of the Asian real estate market.
DitchCarbon Score
How does Prosperity REIT'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
Prosperity REIT's score of 38 is lower than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Prosperity REIT's reported carbon emissions
In 2023, Prosperity Real Estate Investment Trust (REIT), headquartered in Hong Kong, reported total carbon emissions of approximately 3,034,000 kg CO2e for Scope 1 and 2 combined. Additionally, the REIT's Scope 3 emissions were significant, totalling about 9,307,000 kg CO2e, with major contributions from downstream leased assets (approximately 5,518,000 kg CO2e) and purchased goods and services (around 2,945,000 kg CO2e). Over the years, Prosperity REIT has demonstrated a commitment to reducing its carbon footprint. The REIT has set a long-term target to achieve net-zero emissions by 2050, encompassing all scopes of emissions. This commitment was formalised in December 2024, aligning with the Science Based Targets initiative (SBTi). In terms of historical emissions, the REIT's Scope 1 and 2 emissions have shown fluctuations, with a peak of about 4,874,000 kg CO2e in 2017, gradually decreasing to the current levels. The REIT's emissions intensity has also varied, with a reported intensity of approximately 3.0 tCO2e per square foot in recent years. Prosperity REIT's proactive approach to climate commitments and emissions management reflects its dedication to sustainability within the real estate sector.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 3,116,070 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | - |
| Scope 2 | 3,116,640 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | - |
| Scope 3 | - | - | - | - | - | - | 0,000,000 |
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.
Prosperity REIT is committed to some reduction initiatives 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.
