- Elevated interest rate environment and inflationary pressures
- Flexible/hybrid working arrangements and office decentralisation
- Changing consumption patterns
- Sustainability and climate change
- Manpower shortages
- Competition from e-commerce
- Higher operating costs
- Challenging macroeconomic environment and a tightened credit market
- Softening global leasing demand and some new supply
- Intensified leasing competition and a slower-than-expected economic recovery in Shanghai
OUE Real Estate Investment Trust
Greenhouse gas emissions & sustainability report data
By scope: Scope 2: 29.7K 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.
Water Usage
550.6K m3/year
2023
Waste
3.8K tons/year
2023
Energy Use
95.9K MWh/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 29.7K 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 |
|---|---|
| 2022 | 28.6K kgCO2e/m2 (Scope 2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 95.7% of portfolio is green certified
- Commercial segment energy intensity reduced by 20.9%
- Commercial segment water intensity reduced by 26.1%
- Hospitality segment water intensity reduced by 16.9%
- Reduced paper waste by 4.9% in hospitality segment
- Reduced plastic waste by 58.0% in hospitality segment
- Crowne Plaza Changi Airport attained BCA Green Mark Gold Certification
🎯 Climate & Sustainability Targets
📅 Medium-term
- Reduce commercial segment energy intensity per m2 by 25% by FY 2030
- Reduce hospitality segment energy intensity per occupied room by 25% by FY 2030
- Reduce Scope 2 GHG emissions intensity per m2 by 25% by FY 2030
- Reduce commercial segment water intensity per m2 by 25% by FY 2030
- Reduce hospitality segment water intensity per occupied room by 25% by FY 2030
🔭 Long-term
- Net zero emissions
🌱 ESG Focus Areas
Stewarding the EnvironmentStrengthening Social FabricBuilding Trust