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 | 0000000 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  a | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy/Paste is a PRO feature.  a | 0000000 | Copy/Paste is a PRO feature.  a | 0000000 |
Total Scope 3 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  | 0000000 | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0000000 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  a | 0000000 |
Verified Sources Behind Axis-REIT’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Axis-REIT’s data sources below and access millions more through our Disclosure Search.
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 chaina
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 6.86, 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 4 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