Montea

Montea, a Belgian real estate services company, reported total carbon emissions of approximately 22.9 million kg CO2e in 2024. This figure includes about 11.7 million kg CO2e from Scope 1 emissions, which encompasses direct emissions such as those from fugitive emissions (approximately 2.1 million kg CO2e). Scope 2 emissions, primarily from purchased electricity, were about 14,520 kg CO2e. Scope 3 emissions, which are indirect emissions from the value chain, totalled approximately 10.4 million kg CO2e, with significant contributions from downstream leased assets (about 9.7 million kg CO2e) and fuel and energy-related activities (about 681,740 kg CO2e).

In 2023, Montea's total emissions were approximately 20.3 million kg CO2e, comprising around 18.8 million kg CO2e from Scope 1 (including about 1.5 million kg CO2e from fugitive emissions), approximately 5,800 kg CO2e from Scope 2, and about 11.4 million kg CO2e from Scope 3.

Montea is committed to ambitious climate targets. The company aims for its operations to be CO2 neutral without offsetting by 2030, with the entire Montea portfolio achieving 'Paris Proof' (CO2 net zero) status by 2050. The Science Based Targets initiative (SBTi) has approved Montea's near-term targets, which commit to reducing Scope 1 and Scope 2 greenhouse gas emissions by 50% by 2030 from a 2018 base year. Montea also pledges to measure and reduce its Scope 3 emissions. These targets align with the reductions required to keep global warming to 1.5°C.