Cofinimmo SA

Common Name
Cofinimmo
Country
Belgium
Sector
Real Estate
Industry
REIT - Healthcare Facilities
Employees
150
Ticker
COFB
Exchange
EURONEXT
Description
Cofinimmo SA is a leading Belgian real estate investment company specializing primarily in the acquisition, development, and management of rental properties across Western and Central Europe. Establis...

Cofinimmo's GHG Emissions Data Preview

In 2023, Cofinimmo 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).

However, Cofinimmo has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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a
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b
0000000
Total Scope 2
Market-Based
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a
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b
0000000
Location-Based
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a
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b
0000000
Total Scope 3
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a
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b
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
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b
0000000
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Verified Sources Behind Cofinimmo’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 Cofinimmo’s data sources below and access millions more through our Disclosure Search.

a. Cofinimmo's Universal Registration Document (URD) 2023
a. Cofinimmo's Universal Registration Document (URD) 2023
b. Cofinimmo's Annual Report 2021
b. Cofinimmo's Annual Report 2021
c. Cofinimmo's Sustainability Report 2019
c. Cofinimmo's Sustainability Report 2019

Insights into Cofinimmo's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Cofinimmo amounted to 6,841 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 2021, the total operational greenhouse gas (GHG) emissions of Cofinimmo decreased by 35.07%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a b

Cofinimmo's Scope 1 Emissions Over Time

2018201920202021202302.5 k5 k7.5 k10 ktCO2e-12%-16%+4%-52%
  • Total Scope 1
  • Year-over-Year Change

What are Cofinimmo's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Cofinimmo were 3,006 metric tons of CO₂ equivalent (tCO₂e). a

Has Cofinimmo reduced its Scope 1 emissions over time?

Since 2018, Cofinimmo's Scope 1 emissions have decreased by 63.11%, reflecting a declining long-term trend in Scope 1 emissions over time. a c

Compared to the previous year (2021), Cofinimmo's Scope 1 emissions decreased by 52.14%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a b

What are Cofinimmo's Scope 2 emissions?

In 2023, Cofinimmo reported Scope 2 greenhouse gas (GHG) emissions of 388 tCO₂e using the market-based method and 3,835 tCO₂e using the location-based method. a

Has Cofinimmo reduced its Scope 2 emissions over time?

Since 2018, Cofinimmo's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 51.07%, reflecting a declining long-term trend in Scope 2 emissions over time. a c

Compared to the previous year (2021), Cofinimmo's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Cofinimmo 's emissions have plateaued with no significant change in its energy consumption footprint. a b

What methodology does Cofinimmo use for Scope 2 reporting?

In 2023, Cofinimmo reported its Scope 2 emissions using the market-based method and using the location-based method. a

Cofinimmo's Scope 2 Emissions Over Time

2018201920202021202302 k4 k6 k8 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Cofinimmo's Value Chain Emissions

In 2023, Cofinimmo reported 70,147 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 Cofinimmo includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, down from 8 in 2021, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions. a

Cofinimmo's Scope 3 Emissions Over Time

20182019202020212023020 k40 k60 k80 ktCO2e+8%-5%+20%+75%
  • Total Scope 3
  • Year-over-Year Change

What are Cofinimmo's Scope 3 emissions?

In 2023, Cofinimmo reported total Scope 3 emissions of 70,147 metric tons of CO₂ equivalent (tCO₂e). a

Has Cofinimmo reduced its Scope 3 emissions over time?

Since 2018, Cofinimmo's Scope 3 emissions have increased by 116.19%, reflecting a rising long-term trend in Scope 3 emissions over time. a c

Compared to the previous year (2021), Cofinimmo's Scope 3 emissions increased by 75.23%, suggesting that the company faced challenges in reducing emissions across its value chain. a b

Insights into Cofinimmo’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Cofinimmo reported Scope 1 greenhouse gas (GHG) emissions of 3,006 tCO₂e and total revenues of USD 439 millions. This translates into an emissions intensity of 6.85 tCO₂e per millions USD. a

Cofinimmo's Scope 1 Emissions Intensity Compared to Peers

2501,00020,000500,000Scope 1 Emissions (tCO2e)202001,0005,00020,000Revenues (Millions of USD)WelltowerYear: 2024Scope 1: 154,980 tCO2eRevenue: $M 7,854Scope 1 Intensity: 19.73 tCO2e/$MVGPYear: 2023Scope 1: 924 tCO2eRevenue: $M 133Scope 1 Intensity: 6.95 tCO2e/$MCare Property InvestYear: 2024Scope 1: 62 tCO2eRevenue: $M 74Scope 1 Intensity: 0.84 tCO2e/$MWarehouses de PauwYear: 2023Scope 1: 346 tCO2eRevenue: $M 418Scope 1 Intensity: 0.83 tCO2e/$MHealthpeak PropertiesYear: 2024Scope 1: 71,829 tCO2eRevenue: $M 2,700Scope 1 Intensity: 26.60 tCO2e/$MMedical Properties TrustYear: 2022Scope 1: 4,835 tCO2eRevenue: $M 1,543Scope 1 Intensity: 3.13 tCO2e/$MSabra Health Care REITYear: 2023Scope 1: 6,663 tCO2eRevenue: $M 648Scope 1 Intensity: 10.29 tCO2e/$MHealthcare Realty TrustYear: 2023Scope 1: 21,152 tCO2eRevenue: $M 1,344Scope 1 Intensity: 15.74 tCO2e/$MVentasYear: 2023Scope 1: 132,155 tCO2eRevenue: $M 4,498Scope 1 Intensity: 29.38 tCO2e/$MChartwell Retirement ResidencesYear: 2023Scope 1: 49,113 tCO2eRevenue: $M 556Scope 1 Intensity: 88.31 tCO2e/$MAssuraYear: 2023Scope 1: 27 tCO2eRevenue: $M 186Scope 1 Intensity: 0.15 tCO2e/$MAdvance Residence InvestmentYear: 2022Scope 1: 188 tCO2eRevenue: $M 257Scope 1 Intensity: 0.73 tCO2e/$MSafestore HoldingsYear: 2023Scope 1: 564 tCO2eRevenue: $M 273Scope 1 Intensity: 2.07 tCO2e/$MKeppel REITYear: 2023Scope 1: 1,453 tCO2eRevenue: $M 177Scope 1 Intensity: 8.23 tCO2e/$MAedificaYear: 2024Scope 1: 194 tCO2eRevenue: $M 362Scope 1 Intensity: 0.54 tCO2e/$MMERLIN Properties SOCIMIYear: 2023Scope 1: 2,422 tCO2eRevenue: $M 514Scope 1 Intensity: 4.71 tCO2e/$MSekisui House ReitYear: 2023Scope 1: 50,371 tCO2eRevenue: $M 214Scope 1 Intensity: 235.81 tCO2e/$MAnant RajYear: 2024Scope 1: 4 tCO2eRevenue: $M 178Scope 1 Intensity: 0.02 tCO2e/$MSunway REITYear: 2023Scope 1: 14 tCO2eRevenue: $M 152Scope 1 Intensity: 0.09 tCO2e/$MLaSalle Logiport REITYear: 2023Scope 1: 126 tCO2eRevenue: $M 152Scope 1 Intensity: 0.83 tCO2e/$MCatenaYear: 2023Scope 1: 559 tCO2eRevenue: $M 179Scope 1 Intensity: 3.12 tCO2e/$MMobimo HoldingYear: 2024Scope 1: 2,802 tCO2eRevenue: $M 273Scope 1 Intensity: 10.25 tCO2e/$MCofinimmoYear: 2023Scope 1: 3,006 tCO2eRevenue: $M 439Scope 1 Intensity: 6.85 tCO2e/$M

How does Cofinimmo's GHG emissions intensity compare to its peers?

In 2023, Cofinimmo reported a Scope 1 emissions intensity of 6.85 tCO₂e per millions USD. Compared to the peer group median of 3.92 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Cofinimmo rank on GHG emissions intensity within its industry?

In 2023, Cofinimmo ranked 13 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Cofinimmo is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into Cofinimmo's Total Carbon Footprint

In 2023, Cofinimmo reported a total carbon footprint of 76,988 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 52.25% increase compared to 2021, suggesting a rise in emissions across its operations or value chain. a b

The largest contributor to Cofinimmo's total carbon footprint was Scope 3 emissions, accounting for 91.11% of the company's total carbon footprint, followed by Scope 2 emissions at 4.98%. a

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