Axis Real Estate Investment Trust
Axis-REIT's GHG Emissions Data Preview
In 2023, Axis-REIT 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).
Axis-REIT has also provided a category-level breakdown for 2 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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aVerified Sources Behind Axis-REIT’s Greenhouse Gas (GHG) Emissions Data
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Insights into Axis-REIT's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Axis-REIT amounted to 2,957.76 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 2022, the total operational greenhouse gas (GHG) emissions of Axis-REIT decreased by 5.94%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
Axis-REIT's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Axis-REIT's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Axis-REIT were 29.14 metric tons of CO₂ equivalent (tCO₂e). a
Has Axis-REIT reduced its Scope 1 emissions over time?
Since 2021, Axis-REIT's Scope 1 emissions have increased by 666.84%, reflecting a rising long-term trend in Scope 1 emissions over time. a
Compared to the previous year (2022), Axis-REIT's Scope 1 emissions increased by 788.41%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
What are Axis-REIT's Scope 2 emissions?
In 2023, Axis-REIT reported Scope 2 greenhouse gas (GHG) emissions of 2,928.62 tCO₂e without specifying the calculation method. a
Has Axis-REIT reduced its Scope 2 emissions over time?
Since 2021, Axis-REIT's Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have remained relatively stable, indicating that Axis-REIT 's emissions have plateaued with no significant change in its energy consumption footprint. a
Compared to the previous year (2022), Axis-REIT's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Axis-REIT 's emissions have plateaued with no significant change in its energy consumption footprint. a
What methodology does Axis-REIT use for Scope 2 reporting?
In 2023, Axis-REIT reported its Scope 2 emissions using an unspecified methodology. a
Axis-REIT's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into Axis-REIT's Value Chain Emissions
In 2023, Axis-REIT reported 211.27 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 2023 disclosure of Axis-REIT includes a breakdown across 2 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain a
Axis-REIT's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Axis-REIT's Scope 3 emissions?
In 2023, Axis-REIT reported total Scope 3 emissions of 211.27 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a
What categories of Scope 3 emissions does Axis-REIT disclose?
In 2023, Axis-REIT reported emissions for 2 out of the 15 Scope 3 categories defined by the GHG Protocol. a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Axis-REIT's Scope 3 emissions?
In 2023, the largest contributors to Axis-REIT's Scope 3 emissions were: a
- Employee Commuting (Cat. 7): 192.01 tCO₂e (90.88%)
- Business Travel (Cat. 6): 19.26 tCO₂e (9.12%)
Axis-REIT's Scope 3 Emissions by Categories
Insights into Axis-REIT’s GHG Emissions Intensity Compared to Industry Peers
In 2023, Axis-REIT reported Scope 1 greenhouse gas (GHG) emissions of 29.14 tCO₂e and total revenues of USD 63 millions. This translates into an emissions intensity of 0.46 tCO₂e per millions USD. a
Axis-REIT's Scope 1 Emissions Intensity Compared to Peers
How does Axis-REIT's GHG emissions intensity compare to its peers?
In 2023, Axis-REIT reported a Scope 1 emissions intensity of 0.46 tCO₂e per millions USD. Compared to the peer group median of 7.48 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
Where does Axis-REIT rank on GHG emissions intensity within its industry?
In 2023, Axis-REIT ranked 5 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
This places Axis-REIT among the top performers, with one of the lowest emissions intensities relative to peers. a
Insights into Axis-REIT's Total Carbon Footprint
In 2023, Axis-REIT reported a total carbon footprint of 3,169.03 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.78% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to Axis-REIT's total carbon footprint was Scope 2 emissions, accounting for 92.41% of the company's total carbon footprint, followed by Scope 3 emissions at 6.67%. a