MERLIN Properties SOCIMI SA

Common Name
MERLIN Properties SOCIMI
Country
Spain
Sector
Real Estate
Industry
REIT - Office
Employees
287
Ticker
MRL
Exchange
BOLSA DE MADRID
Description
Merlin Properties Socimi S.A. is a leading Spanish real estate investment trust (REIT) that focuses on acquiring, managing, and developing commercial properties. Specializing in high-quality office bu...

MERLIN Properties SOCIMI's GHG Emissions Data Preview

In 2023, MERLIN Properties SOCIMI 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, MERLIN Properties SOCIMI 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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0000000
Total Scope 2
Market-Based
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0000000
Location-Based
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind MERLIN Properties SOCIMI’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 MERLIN Properties SOCIMI’s data sources below and access millions more through our Disclosure Search.

a. MERLIN Properties SOCIMI's Non-financial report 2023
a. MERLIN Properties SOCIMI's Non-financial report 2023
b. MERLIN Properties SOCIMI's Financial Report 2022
b. MERLIN Properties SOCIMI's Financial Report 2022

Insights into MERLIN Properties SOCIMI's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of MERLIN Properties SOCIMI amounted to 10,762 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 MERLIN Properties SOCIMI decreased by 24.14%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

MERLIN Properties SOCIMI's Scope 1 Emissions Over Time

202020212022202307001.4 k2.1 k2.8 ktCO2e+5%0%-9%
  • Total Scope 1
  • Year-over-Year Change

What are MERLIN Properties SOCIMI's Scope 1 emissions?

In 2023, the total Scope 1 emissions of MERLIN Properties SOCIMI were 2,422 metric tons of CO₂ equivalent (tCO₂e). a

Has MERLIN Properties SOCIMI reduced its Scope 1 emissions over time?

Since 2020, MERLIN Properties SOCIMI's Scope 1 emissions have decreased by 4.68%, reflecting a declining long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2022), MERLIN Properties SOCIMI's Scope 1 emissions decreased by 9.22%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are MERLIN Properties SOCIMI's Scope 2 emissions?

In 2023, MERLIN Properties SOCIMI reported Scope 2 greenhouse gas (GHG) emissions of 11 tCO₂e using the market-based method and 8,340 tCO₂e using the location-based method. a

Has MERLIN Properties SOCIMI reduced its Scope 2 emissions over time?

Since 2020, MERLIN Properties SOCIMI's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 18.49%, reflecting a declining long-term trend in Scope 2 emissions over time. a b

Compared to the previous year (2022), MERLIN Properties SOCIMI's Scope 2 emissions (Location-Based) fell by 27.59% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a

What methodology does MERLIN Properties SOCIMI use for Scope 2 reporting?

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

MERLIN Properties SOCIMI's Scope 2 Emissions Over Time

202020212022202303 k6 k9 k12 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into MERLIN Properties SOCIMI's Value Chain Emissions

In 2023, MERLIN Properties SOCIMI reported 146,067 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 MERLIN Properties SOCIMI includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, down from 7 in 2022, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions. a

MERLIN Properties SOCIMI's Scope 3 Emissions Over Time

202120222023040 k80 k120 k160 ktCO2e+27%+9%
  • Total Scope 3
  • Year-over-Year Change

What are MERLIN Properties SOCIMI's Scope 3 emissions?

In 2023, MERLIN Properties SOCIMI reported total Scope 3 emissions of 146,067 metric tons of CO₂ equivalent (tCO₂e). a

Compared to the previous year (2022), MERLIN Properties SOCIMI's Scope 3 emissions remained relatively stable, indicating that MERLIN Properties SOCIMI 's emissions have plateaued with no significant change in its value chain footprint. a

Insights into MERLIN Properties SOCIMI’s GHG Emissions Intensity Compared to Industry Peers

In 2023, MERLIN Properties SOCIMI reported Scope 1 greenhouse gas (GHG) emissions of 2,422 tCO₂e and total revenues of USD 514 millions. This translates into an emissions intensity of 4.71 tCO₂e per millions USD. a

MERLIN Properties SOCIMI's Scope 1 Emissions Intensity Compared to Peers

102002,00050,000Scope 1 Emissions (tCO2e)201002001,0002,000Revenues (Millions of USD)MMNDexusYear: 2025Scope 1: 7,669 tCO2eRevenue: $M 606Scope 1 Intensity: 12.65 tCO2e/$MJapan Real Estate InvestmentYear: 2024Scope 1: 2,627 tCO2eRevenue: $M 588Scope 1 Intensity: 4.47 tCO2e/$MMMMindspace Business Parks REITYear: 2024Scope 1: 1,341 tCO2eRevenue: $M 286Scope 1 Intensity: 4.69 tCO2e/$MMMMPACTYear: 2025Scope 1: 687 tCO2eRevenue: $M 629Scope 1 Intensity: 1.09 tCO2e/$MFranklin Street PropertiesYear: 2023Scope 1: 1,124 tCO2eRevenue: $M 146Scope 1 Intensity: 7.71 tCO2e/$MHudson Pacific PropertiesYear: 2023Scope 1: 13,272 tCO2eRevenue: $M 952Scope 1 Intensity: 13.94 tCO2e/$MSociete de la Tour EiffelYear: 2024Scope 1: 3,044 tCO2eRevenue: $M 82Scope 1 Intensity: 37.02 tCO2e/$MNNNippon Building FundYear: 2024Scope 1: 3,897 tCO2eRevenue: $M 644Scope 1 Intensity: 6.05 tCO2e/$MHighwoods PropertiesYear: 2023Scope 1: 1,929 tCO2eRevenue: $M 834Scope 1 Intensity: 2.31 tCO2e/$MCOPT Defense PropertiesYear: 2024Scope 1: 10,504 tCO2eRevenue: $M 753Scope 1 Intensity: 13.94 tCO2e/$MColonial SFL SOCIMIYear: 2024Scope 1: 1,882 tCO2eRevenue: $M 523Scope 1 Intensity: 3.60 tCO2e/$MDerwent LondonYear: 2024Scope 1: 2,736 tCO2eRevenue: $M 348Scope 1 Intensity: 7.85 tCO2e/$MVituraYear: 2023Scope 1: 376 tCO2eRevenue: $M 85Scope 1 Intensity: 4.43 tCO2e/$MSociete Fonciere LyonnaiseYear: 2024Scope 1: 205 tCO2eRevenue: $M 259Scope 1 Intensity: 0.79 tCO2e/$MPiedmont Realty TrustYear: 2024Scope 1: 829 tCO2eRevenue: $M 570Scope 1 Intensity: 1.45 tCO2e/$MCousins PropertiesYear: 2023Scope 1: 366 tCO2eRevenue: $M 803Scope 1 Intensity: 0.46 tCO2e/$MJBG SMITH PropertiesYear: 2023Scope 1: 9,462 tCO2eRevenue: $M 604Scope 1 Intensity: 15.66 tCO2e/$MKilroy RealtyYear: 2023Scope 1: 4,765 tCO2eRevenue: $M 1,130Scope 1 Intensity: 4.22 tCO2e/$MProdea Real Estate InvestmentYear: 2023Scope 1: 1 tCO2eRevenue: $M 187Scope 1 Intensity: 0.01 tCO2e/$MEmbassy Office Parks REITYear: 2025Scope 1: 14,922 tCO2eRevenue: $M 468Scope 1 Intensity: 31.86 tCO2e/$MOrix JREITYear: 2023Scope 1: 1,576 tCO2eRevenue: $M 352Scope 1 Intensity: 4.48 tCO2e/$MSL Green RealtyYear: 2023Scope 1: 3,991 tCO2eRevenue: $M 914Scope 1 Intensity: 4.37 tCO2e/$MGecinaYear: 2024Scope 1: 567 tCO2eRevenue: $M 889Scope 1 Intensity: 0.64 tCO2e/$MKeppel REITYear: 2024Scope 1: 2,033 tCO2eRevenue: $M 192Scope 1 Intensity: 10.59 tCO2e/$MMERLIN Properties SOCIMIYear: 2023Scope 1: 2,422 tCO2eRevenue: $M 514Scope 1 Intensity: 4.71 tCO2e/$M

How does MERLIN Properties SOCIMI's GHG emissions intensity compare to its peers?

In 2023, MERLIN Properties SOCIMI reported a Scope 1 emissions intensity of 4.71 tCO₂e per millions USD. Compared to the peer group median of 4.47 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does MERLIN Properties SOCIMI rank on GHG emissions intensity within its industry?

In 2023, MERLIN Properties SOCIMI ranked 15 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

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

Insights into MERLIN Properties SOCIMI's Total Carbon Footprint

In 2023, MERLIN Properties SOCIMI reported a total carbon footprint of 156,829 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 6.07% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to MERLIN Properties SOCIMI's total carbon footprint was Scope 3 emissions, accounting for 93.14% of the company's total carbon footprint, followed by Scope 2 emissions at 5.32%. a

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