- Recent falls in Vital’s Unit price reflecting wider property sector declines and higher interest rates.
- Vital falling out of two key offshore share indices.
- Disconnect between NZX pricing and underlying business performance.
- Challenging debt cost environment.
Vital Healthcare Property Trust
Greenhouse gas emissions & sustainability report data
In its FY24 (Year ended 30 June 2024) reporting, Vital Healthcare Property Trust disclosed greenhouse gas emissions of 0.09% Scope 1, 0.31% Scope 2, 99.60% Scope 3 (tCO2e/year - 2023 data, FY24 data in Climate Related Disclosure). By scope: Scope 1: 0.09% (2023); Scope 2: 0.31% (2023); Scope 3: 99.60% (2023). 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
0.09% Scope 1, 0.31% Scope 2, 99.60% Scope 3 (tCO2e/year - 2023 data, FY24 data in Climate Related Disclosure)
FY24 (Year ended 30 June 2024)
Renewable Energy
100% of base building energy from green power purchase agreements
of total energy
Energy Use
517.6K kWh solar generated in FY24 (additional data in Climate Related Disclosure)
FY24 (Year ended 30 June 2024)
📊 Emissions by Scope (FY24 (Year ended 30 June 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). | 0.09% (2023) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 0.31% (2023) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 99.60% (2023) |
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 |
|---|---|
| FY24 (Year ended 30 June 2024) | 0.09% Scope 1, 0.31% Scope 2, 99.60% Scope 3 (tCO2e/year - 2023 data, FY24 data in Climate Related Disclosure) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Achieved "sector leader" status in GRESB for ESG in healthcare for listed entities globally.
- Nine developments registered targeting at least 5 Star Green Star ratings.
- Signed 100% green power contracts for all base building electricity.
- Commissioned electric vehicle (EV) charging at first pilot site.
- Undertook limited assurance of Scope 1, 2, and 3 GHG inventory.
- Completed Level 2 energy audits across all assets.
- Reduced embodied carbon in several developments.
- Removed 3,000kg of refrigerant gas through efficiency upgrades.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reaffirm or refresh material ESG topics in Q4 2024.
- Issue second tenant survey towards the end of 2024.
📅 Medium-term
- Double community involvement in FY25.
- Roll out EV chargers at additional sites over the next two years.
🔭 Long-term
- Net zero emissions by 2050.
🌱 ESG Focus Areas
Climate ChangeModern SlaveryReconciliationDiversity & InclusionEnergy ManagementCommunity Investment