- Extreme weather events (record high temperatures, intense precipitation, typhoons, and flooding)
- Climate change risks (physical and transition risks)
- Cybersecurity and data privacy threats
- Maintaining customer health and safety
Fortune Real Estate Investment Trust
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Fortune Real Estate Investment Trust disclosed greenhouse gas emissions of 19.6K tCO2e/year. By scope: Scope 1: 4.8K tCO2e/year; Scope 2: 18.5K tCO2e/year; Scope 3: 290.8 tCO2e/year. 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
19.6K tCO2e/year
2023
Water Usage
63.9K m3/year
2023
Waste
10.3K tons/year
2023
Energy Use
48.2K MWh/year
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). | 4.8K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 18.5K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 290.8 tCO2e/year |
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 | 19.6K tCO2e/year |
| 2022 | 18.9K tCO2e/year |
| 2021 | 20.6K tonnes CO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Exceeded the five-year energy intensity target by 11% against a 2018 baseline
- Exceeded the five-year non-hazardous waste intensity target by 5% against a 2018 baseline
- Exceeded the five-year water reduction target by 24% against a 2018 baseline
- Exceeded the five-year Scope 1 and 2 GHG reduction target by 32% against a 2018 baseline
- Science-based targets approved by SBTi in July 2023
- Installed solar panels at two more Fortune Malls, avoiding 154.43 tonnes of GHG emissions annually
- Maintained 100% green building certifications across its HK portfolio
- 62% of loans are sustainability-linked
- +WOO attained BEAM PLUS Interiors certification for renovation – Gold rating
🎯 Climate & Sustainability Targets
📅 Medium-term
- Reduce energy intensity by 30% by 2035 against a 2019 baseline
- Achieve 15% waste recycling rate by 2035
- Reduce water intensity by 10% by 2035 against a 2019 baseline
🔭 Long-term
- Reduce Scope 1 and 2 GHG emissions by 46% by 2030 from a 2019 baseline
🌱 ESG Focus Areas
Our FootprintOur CommunityOur PeopleOur SpaceOur Conduct