Suntec Real Estate Investment Trust
Suntec Real Estate Investment Trust (Suntec REIT), headquartered in Singapore (SG), is a prominent player in the real estate investment trust industry. Established in 2004, it has made significant strides in the commercial property sector, focusing on office and retail spaces primarily within Singapore and Australia. Suntec REIT's portfolio includes iconic properties such as Suntec City and One Raffles Quay, showcasing its commitment to high-quality assets. The trust is distinguished by its strategic approach to asset management and value creation, which has solidified its position as a leading REIT in the Asia-Pacific region. With a strong track record of performance and a commitment to sustainability, Suntec REIT continues to attract investors seeking reliable returns in the dynamic real estate market.
DitchCarbon Score
How does Suntec Real Estate Investment Trust'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
Suntec Real Estate Investment Trust's score of 22 is lower than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Suntec Real Estate Investment Trust's reported carbon emissions
In 2023, Suntec Real Estate Investment Trust (Suntec REIT) reported significant carbon emissions, with total Scope 1 emissions of approximately 28,900 kg CO2e and Scope 2 emissions amounting to about 47,776,800 kg CO2e in Singapore. Globally, the total emissions for the same year reached approximately 60,039,700 kg CO2e, comprising 1,637,000 kg CO2e from Scope 1 and about 58,402,800 kg CO2e from Scope 2. Suntec REIT has not disclosed any Scope 3 emissions data, indicating a potential area for future reporting and improvement. The trust has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, which may limit its ability to demonstrate a proactive approach to climate commitments. The emissions data reflects a commitment to transparency, although the absence of reduction targets suggests that Suntec REIT may need to enhance its climate strategy to align with industry standards and expectations. The reported figures highlight the importance of ongoing monitoring and potential future commitments to reduce carbon footprints across all scopes of emissions.
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| 2017 | 2018 | 2019 | 2020 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 893,000 | 000,000 | 000,000 | 000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 69,882,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - |
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.
Suntec Real Estate Investment Trust 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.
