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, with Scope 1 emissions at approximately 2,422,000 kg CO2e, Scope 2 emissions at about 11,000 kg CO2e (market-based) and 8,340,000 kg CO2e (location-based), and Scope 3 emissions reaching approximately 146,067,000 kg CO2e. The total emissions for Scope 1 and 2 combined were about 10,762,000 kg CO2e (location-based). Merlin Properties has set ambitious climate commitments, aiming to reduce its Scope 1, 2, and 3 emissions by 90% by 2050 from a 2018 baseline. Additionally, the company has committed to a near-term target of reducing Scope 2 emissions by 50% by 2030. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect a commitment to maintaining global temperature rise below 1.5°C. The company’s emissions intensity for office spaces is reported at 18,000 kg CO2e per square metre, while shopping centres have an intensity of 26,000 kg CO2e per square metre. These figures highlight the operational impact of their real estate portfolio. Merlin Properties is actively working towards these targets, demonstrating a proactive approach to sustainability and climate responsibility within the real estate sector.
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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.
Frequently Asked Questions
Common questions about Merlin Properties's sustainability data and climate commitments