Reitan Eiendom AS

Reitan Eiendom AS, a real estate services company headquartered in Norway, reported total greenhouse gas emissions of approximately 71.8 million kg CO2e in 2024. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions.

In the preceding year, 2023, Reitan Eiendom AS's total emissions were approximately 42.4 million kg CO2e. Prior to that, in 2022, the company reported total emissions of approximately 75.6 million kg CO2e. Emissions data for 2021 indicated a total of approximately 632,700 kg CO2e.

Breakdown of Emissions by Scope:

• 2024:
  • Scope 1: Approximately 6,000 kg CO2e
  • Scope 2 (Market-based): Approximately 19 million kg CO2e
  • Scope 2 (Location-based): Approximately 318,000 kg CO2e
  • Scope 3: Approximately 52.8 million kg CO2e, with significant contributions from Purchased Goods and Services (approximately 48.6 million kg CO2e) and Downstream Leased Assets (approximately 3.5 million kg CO2e).
• 2023:
  • Scope 1: Approximately 12,000 kg CO2e
  • Scope 2 (Market-based): Approximately 5.4 million kg CO2e
  • Scope 2 (Location-based): Approximately 100,000 kg CO2e
  • Scope 3: Approximately 37 million kg CO2e, primarily from Purchased Goods and Services (approximately 33.4 million kg CO2e) and Downstream Leased Assets (approximately 3.5 million kg CO2e).
• 2022:
  • Scope 1: Includes mobile combustion emissions of approximately 13,000 kg CO2e.
  • Scope 2: Approximately 159,000 kg CO2e, comprising purchased heat and electricity.
  • Scope 2 (Market-based): Approximately 4.8 million kg CO2e.
  • Scope 3: Approximately 75.4 million kg CO2e, with a substantial portion from Purchased Goods and Services (approximately 72.5 million kg CO2e).
• 2021:
  • Scope 1: Approximately 29,200 kg CO2e (total) including fugitive emissions.
  • Scope 2: Approximately 1,000 kg CO2e (total) including purchased electricity.
  • Scope 2 (Market-based): Approximately 632,700 kg CO2e.
  • Scope 3: Approximately 4.1 million kg CO2e, with Downstream Leased Assets contributing approximately 1.9 million kg CO2e.

Reitan Eiendom AS's reporting indicates a commitment to climate action, as evidenced by their comprehensive disclosure of Scope 1, 2, and 3 emissions. While specific reduction targets are not detailed in the provided data for Reitan Eiendom AS, the broader corporate family has outlined climate neutrality goals. For instance, the Volkswagen Group, through a corporate family relationship, has committed to business climate neutrality by 2050, covering both Scope 1 and Scope 2 emissions. This suggests a potential cascaded commitment to emission reduction across its subsidiaries.

The company's sustainability reports are available, offering further insights into their environmental initiatives. Key areas of focus for Scope 3 emissions include purchased goods and services, and downstream leased assets, highlighting their engagement with the value chain.