Merlin Properties

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.