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 58% 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 significant carbon emissions. The total emissions for the year were approximately 47,805,700 kg CO2e, with Scope 1 emissions at about 28,900 kg CO2e and Scope 2 emissions at approximately 47,776,800 kg CO2e. This data reflects a comprehensive approach to emissions reporting, although no Scope 3 emissions data was disclosed. Suntec REIT has not set specific reduction targets or initiatives as part of its climate commitments, and there are no documented reduction targets from the Science Based Targets initiative (SBTi) or other climate pledges. The absence of such targets indicates a potential area for improvement in their sustainability strategy. The emissions data is not cascaded from any parent organization, and all figures are directly reported by Suntec REIT. The organisation's commitment to transparency in emissions reporting is evident, but further action may be necessary to align with industry standards for climate action and reduction commitments.
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.