- Supply chain disruptions due to geopolitical events and energy price volatility
- Data collection limitations for GHG emissions, water, and waste (86%, 82%, and 37% coverage respectively in 2022)
- Need to further develop biodiversity assessment and mitigation strategies
Cromwell European REIT
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Cromwell European REIT disclosed greenhouse gas emissions of 57.8K tCO2e/year (2022). By scope: Scope 1: 6.0K tCO2e/year (2022); Scope 2: 36.1K tCO2e/year (2022); Scope 3: 15.7K tCO2e/year (2022). 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
57.8K tCO2e/year (2022)
2023
Renewable Energy
35% (2022)
of total energy
Water Usage
442.9K m3/year (2022)
2023
Waste
4.9K tons/year (2022)
2023
Energy Use
194.4K MWh/year (2022)
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). | 6.0K tCO2e/year (2022) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 36.1K tCO2e/year (2022) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 15.7K tCO2e/year (2022) |
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 | 57.8K tCO2e/year (2022) |
| 2022 | 61.2K tCO2e (2021) |
| 2021 | 61.2K tonnes of CO2e |
| 2020 | 61.3K tonnes of carbon dioxide equivalent |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced total absolute GHG emissions by 6.7% to 57,829 tCO2e in 2022 compared to 2021
- Decreased absolute energy intensity by 2.4% to 106.7 kWh/m2 in 2022
- Increased waste recycled to 57% in 2022 (up 5 p.p. from 2021)
- Decreased water consumption intensity by 10% in 2022 compared to 2021
- Achieved 35 'green' building certifications in FY2023 (33 Very Good/Gold or better)
- 30% of total leases are currently 'green' (up from 24% in 2022)
🎯 Climate & Sustainability Targets
🔜 Short-term
- Maintain at least 35 green building certifications in 2024
- Achieve at least 40 green building certifications by 2025
- Rollout water consumption management system across 70% of portfolio by GFA
- Increase water usage data coverage to 85%
- Increase waste data coverage to 45%
📅 Medium-term
- BAU portfolio: 25% reduction in energy intensity by 2030 (baseline 2022)
- BAU portfolio: 50% reduction in operational carbon intensity by 2030 (baseline 2022)
- Increase renewable energy procurement to 100% for landlord-controlled areas and 25% for tenant-controlled areas by 2030
- Implement min. 30 solar panels projects by 2030
- Achieve and maintain at least 30% of each gender on the Board by 2030
🔭 Long-term
- Net Zero operational carbon emissions by 2040
🌱 ESG Focus Areas
EnvironmentSocial/StakeholdersGovernance