Merlin Properties Sustainability Profile
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 61 is higher than 76% 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, totalling approximately 146,067,000 kg CO2e. This figure includes 2,422,000 kg CO2e from Scope 1 emissions, 11,000 kg CO2e from Scope 2 (market-based), and a substantial 146,067,000 kg CO2e from Scope 3 emissions, which encompasses various categories such as capital goods and employee commuting. Merlin Properties has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 emissions by 50% by 2030, using 2018 as the base year. Furthermore, the company has committed to a long-term target of reducing all scopes (1, 2, and 3) emissions by 90% by 2050, also from a 2018 baseline. These targets are aligned with the Science Based Targets initiative (SBTi) and are classified as consistent with the reductions required to limit global warming to 1.5°C. The company has demonstrated a proactive approach to sustainability, with a focus on measuring and reducing its Scope 3 emissions, which are often the most challenging to address. Merlin Properties' commitment to these targets reflects its dedication to environmental responsibility and its role in the real estate sector in Spain.
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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 |
How Carbon Intensive is Merlin Properties's Industry?
How Carbon Intensive is Merlin Properties's Location?
Merlin Properties's Scope 3 Categories Breakdown
Merlin Properties's Scope 3 emissions, which increased by 9% last year and increased by approximately 39% since 2021, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Capital Goods" being the largest emissions source at 46% of Scope 3 emissions.
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Merlin Properties'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.
Merlin Properties 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.
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Frequently Asked Questions
Common questions about Merlin Properties's sustainability data and climate commitments