Gecina

Gecina reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 9.7 Kt (-9,696 /-99.9% y-o-y). Also positively, carbon intensity tumbled to 13 t (-12,585 /-99.9% y-o-y).

Gecina's Scope 3 emissions tumbled to 14 Kt (-3.2 /-18.8% y-o-y). The decline accelerated compared to the CAGR of -8.8% since 4Q'19.

The company is committed to achieving net zero for all Scopes by 2030, which translates into the estimated reduction of -2.6 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Gecina also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Real estate investment trust, Gecina commits to reduce GHG emissions 48% per square meter by 2030, from a 2014 base-year (scope 1, scope 2 and scope 3 emissions from downstream leased assets).