- Challenging economic landscape, particularly in the Australian real estate market, driven by higher interest rates, elevated construction costs, and an increased cost of capital
- Industry-wide asset valuation declines across our portfolio, particularly in the office sector
- Supply chain challenges persisted through contractor insolvency, availability of skilled labour, and inflationary cost pressures
- Higher interest rates, persistent wet weather on the east coast, and continued cost escalation, supply chain constraints and labour shortages, placed pressure on delivery programs and settlement timings
Mirvac Limited
Greenhouse gas emissions & sustainability report data
In its 2024 reporting, Mirvac Limited disclosed greenhouse gas emissions of 10.8K tCO2e/year (Net Scope 1+2). By scope: Scope 1: 9.7K tCO2e/year; Scope 2: 1.1K 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
10.8K tCO2e/year (Net Scope 1+2)
2024
Renewable Energy
70%
of total energy
Water Usage
1.0M kL/year
2024
Waste
35.1K tons/year
2024
Energy Use
106.6M kWh/year
2024
📊 Emissions by Scope (2024)
| 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). | 9.7K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 1.1K 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 |
|---|---|
| 2024 | 10.8K tCO2e/year (Net Scope 1+2) |
| 2023 | 9.6K tCO2e/year |
| 2022 | 7.1K tCO2e/year (net positive) |
| 2021 | 29.4K tCO2e/year (market based) |
| 2020 | 68.0K tCO2e/year (market based) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Achieved 4.5 Star average NABERS Water rating in our office portfolio
- 96% construction waste and 66% operational waste diverted from landfill
- 1 Darling Island Road, Pyrmont, Sydney, became our second building to be converted to all-electric base building services
🎯 Climate & Sustainability Targets
🔜 Short-term
- $50m invested in creating a strong sense of belonging by 2025
- $100m directed to the social sector by 2030
📅 Medium-term
- Net positive in Scope 1 & 2 emissions by 2030
- Net positive in Scope 3 emissions by 2030
- Net positive water by 2030
- Zero waste to landfill by 2030
- Convert assets within our Investment portfolio to all-electric and supplied by renewable energy by 2030
🌱 ESG Focus Areas
EnvironmentSocialGovernance