In 2024, Altareit completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Altareit has also provided a category-level breakdown for 8 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 1,002a | 1,226a | N/A | |
Total Scope 2 | ||||
Market-Based | 166a | 532a | N/A | |
Location-Based | 213a | 425a | N/A | |
Total Scope 3 | 738,185a | 878,176a | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.3943a | 0.4589a | N/A |
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In 2024, the total operational greenhouse gas (GHG) emissions of Altareit amounted to 1,215 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Altareit decreased by 26.41%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Altareit were 1,002 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Altareit's Scope 1 emissions have increased by 21.45%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Altareit's Scope 1 emissions decreased by 18.27%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Altareit reported Scope 2 greenhouse gas (GHG) emissions of 166 tCO₂e using the market-based method and 213 tCO₂e using the location-based method.a
Since 2019, Altareit's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 58.64%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Altareit's Scope 2 emissions (Location-Based) fell by 49.88% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, Altareit reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Altareit reported 738,185 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Altareit includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, up from 7 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, Altareit reported total Scope 3 emissions of 738,185 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 65.92% of these emissions originated from upstream activities such as purchased goods and capital goods, while 34.08% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Altareit's Scope 3 emissions have decreased by 51.9%, reflecting a declining long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Altareit's Scope 3 emissions decreased by 15.94%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, Altareit reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to Altareit's Scope 3 emissions were:a
In 2024, Altareit reported Scope 1 greenhouse gas (GHG) emissions of 1,002 tCO₂e and total revenues of USD 2,541 millions. This translates into an emissions intensity of 0.39 tCO₂e per millions USD.a
In 2024, Altareit reported a Scope 1 emissions intensity of 0.39 tCO₂e per millions USD. Compared to the peer group median of 2.03, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Altareit ranked 7 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Altareit is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Altareit reported a total carbon footprint of 739,400 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 15.96% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Altareit's total carbon footprint was Scope 3 emissions, accounting for 99.84% of the company's total carbon footprint, followed by Scope 1 emissions at 0.14%.a