Hb Reavis Sustainability Profile
Hb Reavis, a leading international property development company, is headquartered in Luxembourg (LU) and operates across major regions in Europe, including the UK, Poland, and Slovakia. Founded in 1993, the company has established itself in the commercial real estate sector, focusing on office spaces, mixed-use developments, and urban regeneration projects. With a commitment to innovative design and sustainability, Hb Reavis offers unique solutions that enhance the workplace experience. Their core services include property development, investment, and asset management, all aimed at creating environments that foster productivity and well-being. Notable achievements include several award-winning projects that reflect their market position as a forward-thinking leader in the industry.
DitchCarbon Score
How does Hb Reavis'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
Hb Reavis's score of 51 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hb Reavis's reported carbon emissions
In 2022, HB Reavis reported total carbon emissions of approximately 210,788,000 kg CO2e. This figure includes Scope 1 emissions of about 2,056,000 kg CO2e, primarily from stationary combustion, and Scope 2 emissions of approximately 27,617,000 kg CO2e, mainly from purchased electricity. The majority of their emissions, around 181,114,000 kg CO2e, fall under Scope 3, with significant contributions from capital goods (approximately 169,171,000 kg CO2e) and downstream leased assets (about 16,601,000 kg CO2e). HB Reavis has set ambitious climate commitments, aiming to reduce Scope 1 and Scope 2 greenhouse gas emissions by 42% by 2030 from a 2021 baseline. Additionally, they are committed to achieving net-zero emissions by 2050, with a target to reduce total emissions (Scope 1, 2, and 3) by 90% by the same year. These targets have been validated by the Science Based Targets initiative (SBTi) and are aligned with the 1.5°C climate goal. The emissions data and climate commitments are cascaded from their parent company, HB Reavis Holding S.A., which is based in Luxembourg (LU).
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 2,706,000 | 0,000,000 |
| Scope 2 | 12,159,000 | 00,000,000 |
| Scope 3 | 203,748,000 | 000,000,000 |
How Carbon Intensive is Hb Reavis's Industry?
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Hb Reavis's Scope 3 Categories Breakdown
Hb Reavis's Scope 3 emissions, which decreased by 11% last year and decreased by approximately 11% since 2021, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Capital Goods" being the largest emissions source at 93% of Scope 3 emissions.
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Hb Reavis's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Hb Reavis has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
