- Increase in Scope 1 and 2 emissions in 2023 due to more tenants returning to the office.
- Increase in energy consumption and intensity in 2023 due to more tenants returning to the office.
- Increase in water withdrawal in 2023 due to more tenants returning to the office.
Keppel REIT
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Keppel REIT disclosed greenhouse gas emissions of 19.6K tCO2e (Scope 1 & 2). By scope: Scope 1: 1.5K tCO2e; Scope 2: 18.2K tCO2e; Scope 3: 27.6K tCO2e. 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 (Scope 1 & 2)
2023
Renewable Energy
15.1% of total energy use
of total energy
Water Usage
259.1 ML
2023
Waste
1.5K tons
2023
Energy Use
173.9K GJ
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). | 1.5K tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 18.2K tCO2e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 27.6K tCO2e |
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 (Scope 1 & 2) |
| 2022 | 17.7K tCO2e (Scope 1 & 2) |
| 2021 | 35.8K tCO2e/year |
| 2020 | 17.1K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 16.9% reduction in Scope 1 and 2 emissions compared to the 2019 baseline.
- 100% of Keppel REIT’s properties are green-certified (except for 2 Blue Street, pending certification).
🎯 Climate & Sustainability Targets
📅 Medium-term
- Halve Scope 1 and 2 emissions by 2030 from 2019 baseline.
- 10% reduction in energy usage by 2030 from 2019 baseline.
- Increase portfolio’s renewable energy usage to 40% by 2030.
- 5% reduction in water usage by 2030 from 2019 baseline.
🌱 ESG Focus Areas
Environmental StewardshipResponsible BusinessPeople and Community