Merlin Properties
Merlin Properties, a prominent player in the real estate investment sector, is headquartered in Spain (ES) and primarily operates across major urban centres in the Iberian Peninsula. Founded in 2014, the company has rapidly established itself as a leader in the acquisition, development, and management of commercial properties, particularly in the office and retail segments. With a diverse portfolio that includes high-quality assets in prime locations, Merlin Properties distinguishes itself through its commitment to sustainability and innovation. The company has achieved significant milestones, including a successful listing on the Spanish stock exchange, which has bolstered its market position. Recognised for its strategic approach and robust financial performance, Merlin Properties continues to shape the landscape of the real estate industry in Spain and beyond.
DitchCarbon Score
How does Merlin Properties'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
Merlin Properties's score of 44 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Merlin Properties's reported carbon emissions
In 2023, Merlin Properties reported significant carbon emissions, with Scope 1 emissions at approximately 2,676,000 kg CO2e, Scope 2 emissions at about 59,000 kg CO2e (market-based), and a substantial Scope 3 total of around 133,674,000 kg CO2e. The company has set ambitious climate commitments, aiming for a 50% reduction in Scope 1 and Scope 2 emissions by 2030 from a 2018 baseline, and a remarkable 90% reduction across all scopes (1, 2, and 3) by 2050. These targets align with the Science Based Targets initiative (SBTi) and are designed to support the global goal of limiting temperature rise to 1.5°C. Merlin Properties has also disclosed operational CO2 intensity metrics, reporting an office CO2 intensity of about 21,000 kg CO2e per square metre and a shopping centre CO2 intensity of approximately 33,000 kg CO2e per square metre in 2023. The company is committed to measuring and reducing its Scope 3 emissions, which represent the largest portion of its carbon footprint. Overall, Merlin Properties is actively working towards substantial emissions reductions, demonstrating a strong commitment to sustainability and climate action within the real estate sector.
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| 2015 | 2016 | 2017 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|
| Scope 1 | 1,642,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 8,822,000 | 0,000,000 | 00,000,000 | 000,000 | 000,000 | 00,000 |
| Scope 3 | - | - | - | - | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
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.
Merlin Properties is participating in some 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.
