Industrials Reit

Industrials REIT, a UK-based real estate services company, reported approximately 166.3 million kg CO2e in total carbon emissions for 2023. This included approximately 50,000 kg CO2e from Scope 1 emissions, 30,000 kg CO2e from Scope 2 emissions, and 117.2 million kg CO2e from Scope 3 emissions. In 2022, total emissions were approximately 36.7 million kg CO2e, comprising around 47,000 kg CO2e (Scope 1), 163,000 kg CO2e (Scope 2), and 36.5 million kg CO2e (Scope 3). For 2021, the company's Scope 1 emissions were approximately 9,000 kg CO2e, with Scope 2 emissions (market-based) at approximately 49,000 kg CO2e, and Scope 3 emissions at approximately 1.6 million kg CO2e.

Industrials REIT has set Science Based Targets initiative (SBTi) approved targets as an SME (Small and Medium-sized Enterprise). The company commits to reducing Scope 1 and Scope 2 greenhouse gas emissions by 42% by 2030 from a 2022 base year. These targets are consistent with reductions required to keep warming to 1.5°C. Additionally, Industrials REIT is committed to measuring and reducing its Scope 3 emissions. These SBTi commitments are directly from Industrials REIT Limited.