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 52 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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Merlin Properties's reported carbon emissions
In 2023, Merlin Properties SOCIMI, S.A. reported significant carbon emissions, with Scope 1 emissions at approximately 2,422,000 kg CO2e, Scope 2 emissions at about 11,000 kg CO2e (market-based), and a substantial Scope 3 total of around 146,067,000 kg CO2e. The company has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 emissions by 50% by 2030 from a 2018 baseline, and to achieve a 90% reduction across all scopes (1, 2, and 3) by 2050. Merlin Properties has committed to these targets through the Science Based Targets initiative (SBTi), ensuring that their goals align with the necessary reductions to limit global warming to 1.5°C. The company is on track to meet its near-term targets, with a clear strategy to measure and mitigate its Scope 3 emissions, which represent the majority of its carbon footprint. The reported emissions intensity for office spaces is approximately 17,000 kg CO2e per square metre, while shopping centres show an intensity of about 26,000 kg CO2e per square metre. These figures highlight the company's operational impact and the importance of their reduction initiatives in the real estate sector. Overall, Merlin Properties is actively working towards a sustainable future, with a strong focus on reducing its carbon emissions and enhancing its environmental performance.
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| 2015 | 2016 | 2017 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 1,642,000 | 0,000,000 | 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 | 00,000 |
| Scope 3 | - | - | - | - | 000,000,000 | 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.
