- Increased energy consumption due to higher tenant activity and building operations
- Property damage and operational disruptions due to extreme weather
- Rising compliance costs due to stricter emissions and energy efficiency regulations
- Financial risks related to asset stranding due to the shift towards a low-carbon economy
- Increased operational costs due to water scarcity
MREIT, INC.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, MREIT, INC. disclosed greenhouse gas emissions of 58.5K tCO2e/year (Scope 2) + 516.16 tCO2e/year (Scope 1). By scope: Scope 1: 516.16 tCO2e/year; Scope 2: 58.5K 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
58.5K tCO2e/year (Scope 2) + 516.16 tCO2e/year (Scope 1)
2023
Water Usage
371.15 m3/year (withdrawal)
2023
Waste
1.2K metric tonnes/year (solid waste)
2023
Energy Use
295.7K GJ/year (electricity) + 5305.23 GJ/year (diesel)
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). | 516.16 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 58.5K 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 | 58.5K tCO2e/year (Scope 2) + 516.16 tCO2e/year (Scope 1) |
| 2022 | 45.3K tCO2e (2021); 36992 tCO2e (2022) |
| 2021 | 1.3K Tonnes CO2e (Scope 1) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced electricity consumption by 2,572.31 GJ
🎯 Climate & Sustainability Targets
📅 Medium-term
- Transition contestable properties to renewable energy by 2026
🔭 Long-term
- Achieve carbon neutrality by 2035 (aligned with Megaworld's goal)
🌱 ESG Focus Areas
Business Ethics And IntegrityRegulatory ComplianceData PrivacyMarket PresenceProcurement PracticesTaxClimate ChangeEnergy ManagementWaste ManagementWater ManagementAccessibilityAir QualityGreenhouse Gas EmissionsOccupational Health And SafetyCustomersEconomic PerformanceEmployee WelfareDiversity And Equal OpportunityHuman Rights