- Rapid rise in interest rates impacting the real estate market
- Decline in warehouse take-up (temporary)
- Limited land availability
- Environmental regulations (Tertiary Decree, Net Zero Artificialisation, Climate and Resilience Law, RE2020)
- Social challenges of attracting and retaining employees
- Promoting local jobs and economic development
ARGAN
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, ARGAN disclosed greenhouse gas emissions of 66.8K tCO2e/year. By scope: Scope 1: 690 tCO2e/year; Scope 2: 3.6 tCO2e/year; Scope 3: 66.1K 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
66.8K tCO2e/year
2023
Renewable Energy
23.6% on average on equipped sites
of total energy
Water Usage
183.2K m3/year
2023
Waste
28.4K tons/year (mostly non-hazardous)
2023
Energy Use
212.8K MWh/year
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). | 690 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 3.6 tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 66.1K 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 |
|---|---|
| 2023 | 66.8K tCO2e/year |
| 2022 | 100.5K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced Scope 3 GHG emissions by 33.9%
- Reduced energy intensity per sq.m of the portfolio by 6.9%
- Reduced tenants' gas consumption by 26.5%
- 100% of new developments with the Autonom standard (excluding acquisitions)
- Increased renewable energy produced on site by 66.6% to 25,182 MWh
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce Scope 1 GHG emissions by a further amount to be determined by the end of 2024
- Reach 45% of gas-free warehouses by 2025
- Deploy CTM/BMS in 75% of warehouses by 2025
- Reach 98% of warehouses equipped with LEDs by 2025
- Have 75% of new developments certified at least BREEAM Excellent by 2025
📅 Medium-term
- Achieve Net Zero Scope 2 emissions by 2030
- Reduce Scope 3 GHG emissions (energy) by 50% by 2030
- Reach 65% gas-free warehouses by 2030
- 100% of warehouses equipped with CTM/BMS by 2030
- 100% of warehouses with LED lighting by 2030
🔭 Long-term
- Reduce Scope 1 GHG emissions by 70% by 2030
🌱 ESG Focus Areas
Climate ChangeEnergyEnvironmentSocialGovernance