- Increased general waste collected (22.8%) despite increased recyclable waste collection (19.5%), attributed to increased occupancy and inclusion of data from newly classified multi-tenanted properties.
- Increased water consumption (6.7%) due to increased occupancy and reclassification of properties.
- Potential climate-related risks (flooding) impacting the portfolio.
Axis Real Estate Investment Trust
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Axis Real Estate Investment Trust disclosed greenhouse gas emissions of 3.5K tCO2eq (Scope 1 & 2 combined 2019 baseline). By scope: Scope 1: 29.14 tCO2e (2023); Scope 2: 3.1K tCO2e (2023); Scope 3: 192.01 tCO2eq (2023). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
3.5K tCO2eq (Scope 1 & 2 combined 2019 baseline)
2023
Water Usage
103.7K m3 (2023)
2023
Waste
1.2M kg (2023)
2023
Energy Use
16.1M MJ (2023)
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 29.14 tCO2e (2023) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 3.1K tCO2e (2023) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 192.01 tCO2eq (2023) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 3.5K tCO2eq (Scope 1 & 2 combined 2019 baseline) |
| 2022 | 2.6K tCO2eq/year (Scope 1 and 2 combined) |
| 2020 | 2.6K tCO2e (Scope 2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced total energy consumption by 13.5% compared to 2019 baseline.
- Achieved a 15.2% reduction in Scope 1 and 2 GHG emissions compared to 2019 baseline.
- Reduced total building energy intensity by 18.4% to 13.42 MJ/sq. ft. in 2023 from 16.45 MJ/sq. ft. in 2019.
- Obtained 1 final green building certification and 2 provisional certifications in 2023.
- 529,489 sq. ft. of roof space leased for solar energy generation.
- 89% of key AEIs incorporated sustainability considerations.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Maintain occupancy rate above 90% in 2024.
- Divert 10% of general waste from disposal over 5 years (2023-2027).
📅 Medium-term
- Reduce energy consumption and GHG emissions (Scope 1 and 2 combined) by at least 1% by 2026 compared to 2019 baseline.
- Reduce water consumption at Axis-REIT’s multi-tenanted buildings by at least 1% from 2019 baseline over 5 years (2022-2026).
🔭 Long-term
- Achieve net-zero emissions by 2050 or earlier.
🌱 ESG Focus Areas
Energy EfficiencyWater ManagementWaste ManagementTenant SatisfactionSupply Chain SustainabilityGovernanceOccupational Health & SafetyDiversity & InclusionCommunity InvestmentHuman RightsCybersecurity & Data Protection