Mirvac Sustainability Profile
Mirvac Group, commonly known as Mirvac, is a leading Australian property and infrastructure company headquartered in Sydney, Australia. Founded in 1972, Mirvac has established a strong presence across major operational regions, including New South Wales, Victoria, and Queensland. The company operates primarily in the real estate sector, focusing on residential, commercial, and retail developments. Mirvac is renowned for its commitment to sustainability and innovation, offering a diverse range of core services that include property development, investment management, and asset management. With a reputation for delivering high-quality projects, Mirvac has achieved notable milestones, such as being recognised for its excellence in design and environmental stewardship. As a key player in the Australian property market, Mirvac continues to set benchmarks for quality and sustainability in the industry.
DitchCarbon Score
How does Mirvac'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
Mirvac's score of 32 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Mirvac's reported carbon emissions
In 2024, Mirvac reported total Scope 1 emissions of approximately 10,711,000 kg CO2e, a significant increase from about 9,632,000 kg CO2e in 2023 and about 7,125,000 kg CO2e in 2022. The emissions from mobile combustion were 57,000 kg CO2e, while fugitive emissions accounted for 1,218,000 kg CO2e, and stationary combustion contributed 8,363,000 kg CO2e. Notably, Mirvac has set ambitious targets to reduce its carbon footprint, committing to an 83.6% reduction in absolute Scope 1 and 2 greenhouse gas emissions by FY2030 from a FY2019 baseline. Additionally, the company aims to decrease Scope 3 emissions from capital goods, use of sold products, and downstream leased assets by 55% per square metre of Gross Floor Area (GFA) by the same year. Mirvac's commitment to sustainability extends to a goal of sending zero waste to landfill by 2030. These targets align with the Science Based Targets initiative (SBTi) and reflect the company's dedication to addressing climate change within the real estate sector. The emissions data is sourced directly from Mirvac Group, with no cascaded data from parent organizations.
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| 2013 | 2014 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 7,066,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 |
| Scope 2 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | - | - |
| Scope 3 | - | 00,000,000 | 00,000,000 | 00,000,000 | - | - | - | - | - |
How Carbon Intensive is Mirvac's Industry?
How Carbon Intensive is Mirvac's Location?
Mirvac'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.
Mirvac 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 Mirvac's sustainability data and climate commitments