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 | 2020-2019 |
|---|---|---|---|---|
Total Scope 1 | 29.14a | 3.28a | 3.8a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 2,928.62a | 3,141.125a | 3,047.765a | |
Total Scope 3 | 211.27a | N/A | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.4643a | 0.0508a | 0.0643a |
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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
In 2023, the total Scope 1 emissions of Axis-REIT were 29.14 metric tons of CO₂ equivalent (tCO₂e).a
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
In 2023, Axis-REIT reported Scope 2 greenhouse gas (GHG) emissions of 2,928.62 tCO₂e without specifying the calculation method.a
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
In 2023, Axis-REIT reported its Scope 2 emissions using an unspecified methodology.a
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
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
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.
In 2023, the largest contributors to Axis-REIT's Scope 3 emissions were:a
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
In 2023, Axis-REIT reported a Scope 1 emissions intensity of 0.46 tCO₂e per millions USD. Compared to the peer group median of 5.43, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2023, Axis-REIT ranked 5 out of 25 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
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