Gecina

Office REITs
GFC.PA
€ 106 1.2
Share price
$ 8.2 bn
Market Cap
$ 16 bn
Enterprise Value

Carbon footprint

0.62 Ton
GHG emissions per $ 1 mln investment
0.02x the weighted average for S&P 500
FY2021
How is this calculated?
-100%
YOY change in GHG emissions
Stronger than the -8.7% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-11%
Proj. YOY change in GHG emissions (all Scopes)
Stronger than the -6.9% weighted average for S&P 500
FY2022
How is this calculated?

Gecina aims to achieve net zero for all Scopes by 2030


This target has not been verified as science based according to SBTi
Gecina's actual and proj. GHG emissions (all Scopes) (Kt of CO2e)

GHG emissions and Carbon intensity

Gecina's GHG emissions (location-based) (Kt of CO2e)
Gecina's Carbon intensity (Tons per 1 USDm)

Gecina's carbon footprint

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).

Company environmental metrics

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