In 2024, CapitaLand Ascott Trust 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).
CapitaLand Ascott Trust has also provided a category-level breakdown for 4 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data. | 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. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
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In 2024, the total operational greenhouse gas (GHG) emissions of CapitaLand Ascott Trust amounted to 41,879 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 CapitaLand Ascott Trust increased by 23.65%, suggesting that the company faced challenges in reducing its emissions from its core operations. a
In 2024, the total Scope 1 emissions of CapitaLand Ascott Trust were 3,224 metric tons of CO₂ equivalent (tCO₂e). a
Since 2019, CapitaLand Ascott Trust's Scope 1 emissions have increased by 20.75%, reflecting a rising long-term trend in Scope 1 emissions over time. a
Compared to the previous year (2023), CapitaLand Ascott Trust's Scope 1 emissions increased by 56.58%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
In 2024, CapitaLand Ascott Trust reported Scope 2 greenhouse gas (GHG) emissions of 35,085 tCO₂e using the market-based method and 38,655 tCO₂e using the location-based method. a
In 2024, CapitaLand Ascott Trust reported its Scope 2 emissions using the market-based method and using the location-based method. a
In 2024, CapitaLand Ascott Trust reported 36,016 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 CapitaLand Ascott Trust includes a breakdown across 4 of the 15 Scope 3 categories defined by the GHG Protocol, up from 2 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chain a
In 2024, CapitaLand Ascott Trust reported total Scope 3 emissions of 36,016 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 35.37% of these emissions originated from upstream activities such as purchased goods and capital goods, while 64.63% came from downstream activities like product use, distribution, and end-of-life treatment. a
Since 2019, CapitaLand Ascott Trust's Scope 3 emissions have increased by 16,270.91%, reflecting a rising long-term trend in Scope 3 emissions over time. a
Compared to the previous year (2023), CapitaLand Ascott Trust's Scope 3 emissions increased by 40.12%, suggesting that the company faced challenges in reducing emissions across its value chain. a
In 2024, CapitaLand Ascott Trust reported emissions for 4 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 2024, the largest contributors to CapitaLand Ascott Trust's Scope 3 emissions were: a
In 2024, CapitaLand Ascott Trust reported Scope 1 greenhouse gas (GHG) emissions of 3,224 tCO₂e and total revenues of USD 594 millions. This translates into an emissions intensity of 5.43 tCO₂e per millions USD. a
In 2024, CapitaLand Ascott Trust reported a Scope 1 emissions intensity of 5.43 tCO₂e per millions USD. Compared to the peer group median of 7.06 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
In 2024, CapitaLand Ascott Trust ranked 11 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
CapitaLand Ascott Trust is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
In 2024, CapitaLand Ascott Trust reported a total carbon footprint of 77,895 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 30.75% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to CapitaLand Ascott Trust's total carbon footprint was Scope 2 emissions, accounting for 49.62% of the company's total carbon footprint, followed by Scope 3 emissions at 46.24%. a