Cofinimmo

Diversified REITs
COFB.BR
€ 81 0.87
Share price
$ 2.5 bn
Market Cap
$ 5.5 bn
Enterprise Value

Carbon footprint

1.9 Ton
GHG emissions per $ 1 mln investment
0.05x the weighted average for S&P 500
FY2021
How is this calculated?
-12%
YOY change in GHG emissions
Weaker than the +4.9% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

This company has not set a company-wide target for an absolute reduction in GHG emissions yet

but has a science based goal that does not target absolute reductions but is still aligned with Paris Agreement according to SBTi

GHG emissions and Carbon intensity

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

Cofinimmo's carbon footprint

Cofinimmo reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 10 Kt (-1.4 /-11.9% y-o-y). Also positively, carbon intensity decreased sharply to 29 t (-9.6 /-24.9% y-o-y).

Cofinimmo's Scope 3 emissions grew to 0.28 Kt (+0.004/+1.5% y-o-y). The time series has been volatile over the last few periods.

The company has not set a company-wide target for an absolute reduction in GHG emissions yet.

Cofinimmo also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. This target was approved using a streamlined target validation route exclusive to small and medium-sized enterprises (SMEs). https://sciencebasedtargets.org/faqs-for-smes/ Cofinimmo commits to reduce absolute scope 1 and scope 2 GHG emissions 50% by 2030 from a 2018 base year, and to measure and reduce its scope 3 emissions.

Company environmental metrics

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