Suntec Real Estate Investment Trust (Suntec REIT), headquartered in Singapore (SG), is a prominent player in the real estate investment trust industry. Established in 2004, it has made significant strides in the commercial property sector, focusing on office and retail spaces primarily within Singapore and Australia. Suntec REIT's portfolio includes iconic properties such as Suntec City and One Raffles Quay, showcasing its commitment to high-quality assets. The trust is distinguished by its strategic approach to asset management and value creation, which has solidified its position as a leading REIT in the Asia-Pacific region. With a strong track record of performance and a commitment to sustainability, Suntec REIT continues to attract investors seeking reliable returns in the dynamic real estate market.
How does Suntec Real Estate Investment Trust's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Real Estate Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Suntec Real Estate Investment Trust's score of 31 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Suntec Real Estate Investment Trust (Suntec REIT), headquartered in Singapore (SG), reported significant carbon emissions. The total emissions for the year amounted to approximately 47,805,700 kg CO2e, with Scope 1 emissions at about 28,900 kg CO2e and Scope 2 emissions at approximately 47,776,800 kg CO2e. This data reflects a commitment to transparency in their environmental impact, although no Scope 3 emissions data was disclosed. Suntec REIT has not set specific reduction targets under the Science Based Targets initiative (SBTi) nor outlined any formal climate pledges. However, the organisation is actively engaged in sustainability practices, as evidenced by their comprehensive sustainability reporting. The emissions data for 2023 is part of a broader trend, with the global emissions for the same year reported at approximately 60,039,700 kg CO2e, indicating a substantial operational footprint. The previous year's total emissions in 2022 were about 61,343,000 kg CO2e, suggesting a potential stabilisation in emissions levels. Suntec REIT's commitment to sustainability is underscored by their ongoing efforts to monitor and report emissions, although further initiatives and targets would enhance their climate strategy.
Access structured emissions data, company-specific emission factors, and source documents
2017 | 2018 | 2019 | 2022 | 2023 | |
---|---|---|---|---|---|
Scope 1 | 893,000 | 000,000 | 000,000 | 0,000,000 | 0,000,000 |
Scope 2 | 69,882,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Scope 3 | - | - | - | - | - |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Suntec Real Estate Investment Trust is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.