REITAS – REIT Association of Singapore
The REIT Association of Singapore (REITAS) serves as a pivotal organisation within the real estate investment trust (REIT) industry, headquartered in Singapore (SG). Established in 2006, REITAS has played a significant role in promoting the growth and development of the REIT sector in Singapore and the broader Asia-Pacific region. Focusing on advocacy, education, and networking, REITAS offers unique insights and resources tailored to industry stakeholders. Its core services include professional development programmes and industry research, which enhance the understanding of REITs and their benefits. With a strong market position, REITAS has achieved notable milestones, including the establishment of a robust framework for REIT governance and transparency. This commitment to excellence solidifies its reputation as a leading voice in the REIT landscape, fostering a vibrant community of investors and professionals.
DitchCarbon Score
How does REITAS – REIT Association of Singapore'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 Business 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
REITAS – REIT Association of Singapore's score of 36 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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REITAS – REIT Association of Singapore's reported carbon emissions
In 2023, the REIT Association of Singapore (REITAS) reported total carbon emissions of approximately 12,734,000 kg CO2e for Scope 2, 2,089,000 kg CO2e for Scope 1, and 20,857,000 kg CO2e for Scope 3. This data reflects a significant reduction in Scope 1 emissions from 1,381,000 kg CO2e in 2022 and 6,039,000 kg CO2e in 2021, showcasing a commitment to lowering direct emissions. Despite these reductions, REITAS has not established specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The association continues to focus on transparency in emissions reporting across all scopes, which include direct emissions (Scope 1), indirect emissions from purchased electricity (Scope 2), and other indirect emissions (Scope 3). The reported emission intensity for Scope 3 in 2023 was approximately 77.7 kg CO2e per square metre, indicating ongoing efforts to monitor and manage tenant emissions. Overall, REITAS is actively engaged in addressing climate commitments, although further reduction targets would enhance their sustainability strategy.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 6,039,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 13,307,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 17,719,000 | 00,000,000 | 00,000,000 |
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.
REITAS – REIT Association of Singapore is not participating in any of the initiatives that 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.
