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) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Scope 1 | 3,006a | N/A | N/A | |
Total Scope 2 | ||||
Market-Based | 388a | N/A | N/A | |
Location-Based | 3,835a | N/A | N/A | |
Total Scope 3 | 70,147a | N/A | 40,032b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 6.8498a | N/A | N/A |
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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 increased by ∞%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2023, the total Scope 1 emissions of Cofinimmo were 3,006 metric tons of CO₂ equivalent (tCO₂e).a
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
In 2023, Cofinimmo reported its Scope 2 emissions using the market-based method and using the location-based method.a
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
In 2023, Cofinimmo reported total Scope 3 emissions of 70,147 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Cofinimmo's Scope 3 emissions have increased by 99.76%, reflecting a rising long-term trend in Scope 3 emissions over time.ac
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.ab
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
In 2023, Cofinimmo reported a Scope 1 emissions intensity of 6.85 tCO₂e per millions USD. Compared to the peer group median of 6.79, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2023, Cofinimmo ranked 12 out of 21 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
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 92.32% increase compared to 2021, suggesting a rise in emissions across its operations or value chain.ab
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