- Utilizing existing technologies available for energy efficient building management system remains challenging to reduce emissions.
- Mindspace REIT’s business has no control over occupier’s premises while Mindspace REIT typically provides HVAC for common areas as well as occupier premises. HVAC consumption typically forms 50% of the total energy consumption of office building. The target cannot take benefit of offsite renewable energy and potential to generate onsite renewable energy is limited considering terrace space constraints.
Mindspace Business Parks REIT
Greenhouse gas emissions & sustainability report data
In its 2024-2030 reporting, Mindspace Business Parks REIT disclosed greenhouse gas emissions of 41.0K tCO2e (Scope 1 & 2 by 2030) 102360 tCO2e (Scope 3 Category 13 by 2030). By scope: Scope 3: 102.4K tCO2e (Category 13 by 2030). 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
41.0K tCO2e (Scope 1 & 2 by 2030) 102360 tCO2e (Scope 3 Category 13 by 2030)
2024-2030
Renewable Energy
35% (by 2025), 50% (by 2030), 100% (2050)
of total energy
📊 Emissions by Scope (2024-2030)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 102.4K tCO2e (Category 13 by 2030) |
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 |
|---|---|
| 2024-2030 | 41.0K tCO2e (Scope 1 & 2 by 2030) 102360 tCO2e (Scope 3 Category 13 by 2030) |
| 2023-04 to 2024-03 | 56.6K tCO2e/year (Scope 1 & 2) |
| 2022-04 to 2023-03 | 72.5K tCO2e/year |
| 2021-22 | 1.1K tCO2e/year (2022) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- More than 99% of the operational area is green certified (IGBC / LEED Platinum or Gold) as of March 31, 2024
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce Scope 1 and Scope 2 emissions by 21% (by 2025)
📅 Medium-term
- Reduce Scope 1 and Scope 2 emissions by 42% (by 2030)
- Increase share of renewable energy to 50% (by 2030)
- 100% Green Building Standards / Certifications by March 31, 2030
🔭 Long-term
- Increase share of renewable energy to 100% (2050)
🌱 ESG Focus Areas
Green Building Standards/CertificationsEnergy Intensity ReductionGHG Emission Reduction