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.
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.
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.
Suntec Real Estate Investment Trust's score of 31 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Suntec Real Estate Investment Trust (Suntec REIT), headquartered in Singapore (SG), reported total carbon emissions of approximately 47,805,700 kg CO2e. This figure includes 28,900 kg CO2e from Scope 1 emissions and about 47,776,800 kg CO2e from Scope 2 emissions, indicating a significant reliance on indirect emissions associated with energy consumption. Suntec REIT has not disclosed any Scope 3 emissions data, which typically encompasses emissions from the entire value chain, including tenant operations and supply chain activities. Furthermore, the organisation has not set specific reduction targets under the Science Based Targets initiative (SBTi) or other formal climate pledges, reflecting a potential area for future commitment. The emissions data for 2023 is part of a broader reporting framework that includes global emissions figures, with total emissions reported at approximately 60,039,700 kg CO2e, which includes 1,637,000 kg CO2e from Scope 1 and about 58,402,800 kg CO2e from Scope 2 emissions. This data is essential for understanding the environmental impact of Suntec REIT's operations and highlights the need for ongoing monitoring and potential future commitments to reduce carbon emissions. Overall, while Suntec REIT has made strides in transparency regarding its emissions, the absence of reduction targets suggests an opportunity for enhanced climate action and commitment to sustainability in the real estate sector.
Access structured emissions data, company-specific emission factors, and source documents
2017 | 2018 | 2019 | 2022 | 2023 | |
---|---|---|---|---|---|
Scope 1 | 893,000 | 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 |
Scope 3 | - | - | - | - | - |
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.