Societe Fonciere Lyonnaise

Societe Fonciere Lyonnaise's reported carbon emissions

Société Foncière Lyonnaise (SFL), headquartered in France and operating within the other business services sector, has disclosed its carbon emissions and climate commitments. For the 2024 reporting year, SFL reported a total of approximately 4,000,000 kg CO2e. This figure comprises approximately 495,000 kg CO2e from Scope 1 emissions, 1,000,000 kg CO2e from Scope 2 emissions, and 2,500,000 kg CO2e from Scope 3 emissions. In the 2023 reporting year, the company's total emissions were approximately 21,228,000 kg CO2e. Scope 1 emissions accounted for approximately 117,000 kg CO2e, Scope 2 emissions (market-based) amounted to approximately 1,999,000 kg CO2e, and Scope 3 emissions totalled approximately 4,948,000 kg CO2e. SFL has established near-term and long-term climate targets aligned with the Science Based Targets initiative (SBTi). Specifically, the company commits to a 50% reduction in absolute Scope 1 and Scope 2 greenhouse gas emissions by 2030, using a 2018 baseline year. This target is consistent with keeping global warming to 1.5°C. SFL also commits to measuring and reducing its Scope 3 emissions. Further intensity-based reduction targets are in place, including a goal to reduce carbon intensity by 9.9% in kg CO2/m² for Foncière's operations between the end of 2024 and the end of 2027. Additionally, a reduction of 46% in CO2 emissions between 2019 and 2030 (in kgCO2éq/employee) is targeted. The company's emissions data is reported globally. SFL is identified as a small or medium-sized enterprise (SME) in its SBTi commitments. While SFL itself reports emissions data, it's noted that its CDP reporting is inherited from Inmobiliaria Colonial, SOCIMI, S.A., indicating a corporate family relationship at a higher cascade level.