Ayala Land

Ayala Land's reported carbon emissions

Ayala Land, a real estate services company headquartered in the Philippines, has reported significant greenhouse gas emissions. In 2024, the company's total emissions amounted to approximately 2.88 billion kg CO2e. This figure comprises Scope 1 emissions of around 56.7 million kg CO2e, Scope 2 emissions of approximately 45.5 million kg CO2e, and Scope 3 emissions reaching about 2.78 billion kg CO2e. For the year 2023, Ayala Land recorded total emissions of approximately 2.41 billion kg CO2e, with Scope 1 at around 62.7 million kg CO2e, Scope 2 at approximately 56.2 million kg CO2e, and Scope 3 at about 2.29 billion kg CO2e. In 2022, total emissions were around 2.53 billion kg CO2e, broken down into Scope 1 (53.5 million kg CO2e), Scope 2 (68.3 million kg CO2e), and Scope 3 (about 2.41 billion kg CO2e). Prior to this, in 2021, total emissions were approximately 2.99 billion kg CO2e, with Scope 1 at around 58.5 million kg CO2e, Scope 2 at about 84.5 million kg CO2e, and Scope 3 at approximately 2.85 billion kg CO2e. Ayala Land has established ambitious climate commitments. The company aims to reduce absolute Scope 1 and 2 GHG emissions by 42% by 2030, using 2021 as a base year. Furthermore, there is a commitment to reduce absolute Scope 3 GHG emissions by 29.4% within the same timeframe. The company is also committed to reaching net-zero greenhouse gas emissions across its value chain by 2050, with long-term targets to reduce absolute Scope 1 and 2 GHG emissions by 90% and absolute Scope 3 GHG emissions by 90%, also from a 2021 base year. In a notable achievement, combined Scope 1 and 2 emissions in 2024 showed a 30% reduction compared to the 2021 base year. These targets align with keeping global warming to 1.5°C.