Merlin Properties, officially known as Merlin Properties Socimi, S.A., is a leading player in the Spanish real estate services sector. Headquartered in Madrid, Spain, the company operates extensively across key regions in Spain and has a growing presence in other European markets. Since its founding in 2014, Merlin Properties has established itself as a prominent real estate investment trust (REIT), specialising in the acquisition, management, and development of high-quality commercial properties.
The company’s core offerings include office spaces, retail centres, and logistics facilities, distinguished by their strategic locations and sustainable design. Merlin Properties is recognised for its strong market position and consistent growth, driven by a diversified portfolio and a focus on value creation. Its expertise in property management and investment has cemented its reputation as a major player in Spain’s real estate landscape.
+26 vs industry average
Merlin Properties’s score of 55 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Real Estate Services has above-average carbon intensity
Industry performance
The Real Estate Services industry has reduced its overall emissions by 17% since 2018
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Merlin Properties's reported carbon emissions
Merlin Properties, a real estate services company based in Spain, has reported its carbon emissions and set ambitious climate targets. For the reporting year 2024, the company's Scope 1 emissions were approximately 2.9 million kg CO2e, and Scope 2 emissions were about 16,000 kg CO2e. In 2025, Scope 1 emissions were reported as approximately 2.3 million kg CO2e, with Scope 2 emissions at around 28,000 kg CO2e. The year 2023 saw Scope 1 emissions of approximately 2.6 million kg CO2e and Scope 2 emissions of about 121,000 kg CO2e.
Merlin Properties is committed to significant emissions reductions, aligning with the Science Based Targets initiative (SBTi). They aim for a 50% reduction in Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 2030, using a 2018 baseline. Furthermore, the company has set a long-term goal to reduce absolute Scope 1, 2, and 3 emissions by 90% by 2050, also from a 2018 baseline. This commitment extends to measuring and reducing their Scope 3 emissions.
Beyond SBTi targets, Merlin Properties has an additional operational carbon reduction goal: an 85% reduction from its 2018 baseline by 2028. This comprehensive approach underscores their dedication to climate action within the real estate sector.
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Merlin Properties’s Climate Goals (2030 & 2050)
8 goals2050
MERLIN Properties SOCIMI, S
MERLIN Properties SOCIMI, S.A. commits to reduce scope 1+2+3 emissions 90% by 2050 from a 2018 base year.
2050
90% reduction in Scope 1
MERLIN Properties SOCIMI, S.A. commits to reduce scope 1 emissions 90% by 2050 from a 2018 base year.
2050
90% reduction in scope 3 total
MERLIN Properties SOCIMI, S.A. commits to reduce scope 1+2+3 emissions 90% by 2050 from a 2018 base year.
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Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives

Science Based Targets Initiative

Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Common questions about Merlin Properties’s sustainability data and climate commitments
Data year: 2024
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