Montea

Montea, a real estate services company headquartered in Belgium, is committed to significant emissions reductions.

Emissions Data:

• 2024: Montea reported approximately 103,987,200 kg CO2e in Scope 3 emissions, with downstream leased assets contributing the largest portion at about 97,354,600 kg CO2e. Scope 1 emissions were approximately 11,720,100 kg CO2e, including about 2,064,370 kg CO2e of fugitive emissions. Scope 2 emissions were negligibly low at about 14,520 kg CO2e from purchased electricity. The total reported emissions for 2024 were approximately 178,650 kg CO2e.
• 2023: Scope 3 emissions amounted to approximately 114,292,000 kg CO2e, with downstream leased assets accounting for about 99,041,100 kg CO2e. Scope 1 emissions totalled approximately 18,822,200 kg CO2e, which included about 1,545,650 kg CO2e of fugitive emissions. Scope 2 emissions were about 5,800 kg CO2e from purchased electricity. The total reported emissions for 2023 were approximately 171,830 kg CO2e.
• 2022: Scope 1 emissions were approximately 15,600 kg CO2e. Scope 2 emissions, based on location, were approximately 15,582,000 kg CO2e.
• 2019: Scope 1 emissions included about 4,208,910 kg CO2e of fugitive emissions. Scope 2 emissions from purchased electricity were approximately 2,510,090 kg CO2e. Scope 3 emissions, primarily from downstream leased assets, were approximately 14,255,360 kg CO2e, alongside about 726,640 kg CO2e from fuel and energy-related activities.

Climate Commitments and Reduction Targets:

Montea has established ambitious climate goals:

• Near-Term Targets: Montea NV has committed to reducing Scope 1 and Scope 2 greenhouse gas emissions by 50% by 2030, using 2018 as the base year. These targets are validated by the Science Based Targets initiative (SBTi) and are considered consistent with the reductions required to limit warming to 1.5°C. The company also aims to measure and reduce its Scope 3 emissions.
• Long-Term Targets: Montea's operations are targeted to be CO2 neutral without offsetting by 2030. Furthermore, the entire Montea portfolio aims to be Paris Proof, meaning CO2 net zero, by 2050. Additional commitments indicate a net zero target by 2030 and 2050 across all scopes.