- Scope 3 emissions represent 63% of total emissions.
- Decarbonization targets currently only apply to a minority of the portfolio (French assets).
- Varying green building certifications' requirements for energy performance.
- Potential challenges in reporting on short-term instruments (RCFs) due to their short tenure.
- Convertible bonds could lead to investors becoming shareholders, impacting the focus on green properties.
IREIT Global
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, IREIT Global disclosed greenhouse gas emissions of 17.0K tCO2e/year. By scope: Scope 3: 10.7K tCO2e/year (63%). 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
17.0K tCO2e/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 10.7K tCO2e/year (63%) |
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 | 17.0K tCO2e/year |
| 2022 | 25.9K tCO2eq (2021) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced total emissions to 16,963 tonnes of carbon dioxide equivalent (tCO2e) in 2023. 63% from scope 3 emissions.
- Aimed to align French assets (23% of portfolio) with the Carbon Real Estate Monitor (CRREM)'s 1.5 degrees Celsius decarbonization trajectories.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Allocate 80% of proceeds to green buildings, and 5% each to energy efficiency, electrification, renewable energy, and low-carbon transport infrastructure within 36 months of issuance.
📅 Medium-term
- Potential extension of decarbonization targets to German and Spanish assets (timeline unknown).
🔭 Long-term
- Joint sponsor, Tikehau Capital, committed to having 50% of its assets under management at net zero emissions or aligned with net zero by 2030.
🌱 ESG Focus Areas
Climate ChangeHealth and Safety