AXIS REAL ESTATE INVESTMENT TRUST
Malaysia | 5106.KL | Main
Reference
Report Year: 2024
Source Files: Axis-REIT_IAR_2024_(Bursa_Part_1).md, Axis-REIT_IAR_2024_(Bursa_Part_2).md, Axis-REIT_IAR_2024_(Bursa_Part_3).md
Sustainability Committee
Sustainability Team 🟢
- Coordinates ESG initiatives 🟢
- Monitors sustainability reporting 🟢
Reporting
GRI, IFRS S1, IFRS S2, TCFD, Integrated Report 🟢
GHG Accounting
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 29.86 tCO₂e 🟢 | |
| Scope2 | 2867.25 tCO₂e 🟢 | |
| Scope3 | 181.68 tCO₂e 🟢 | Limited to business travel and employee commuting |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: 2019
- Boundary inventory: Covers common areas of multi-tenanted properties and company vehicles
- Gwp basis: Not specified in report
- Standard: GHG Protocol
- Data collection approach: Monthly tracking by Facilities Management Team
- Third party verification: Yes
- Carbon intensity: Not reported ⚠️
Efforts
- 13.96% reduction 🟢
- 44,920 kg recycled 🟢
- Energy-efficient tech adopted 🌞
- 4 green leases signed 🌱
Social Highlights
- RM201,000 community investment 🥗
- 978 beneficiaries 🥗
- 891 training hours 🟢
- 7.62/10 tenant satisfaction 🟢
- Limited data available ⚠️
Governance
- Salary disclosure: Disclosed in ranges 🟢
- Litigation: Can’t find ⚠️
Report Quality
Commendable effort by Axis-REIT in delivering a detailed 2024 sustainability report with quantifiable metrics like a 13.96% GHG emissions reduction and 14.56% energy reduction from 2019 baselines 🟢. The integration of IFRS S1, S2, and GRI frameworks, along with third-party verification, reflects a robust reporting structure. Measurable outcomes, such as community investment (RM201,000) and tenant satisfaction (7.62/10), add credibility. Forward-looking commitments, including a 2025 climate scenario analysis and net-zero target by 2050, demonstrate ambition 🟢. However, the report lacks depth in Scope 3 emissions and carbon intensity data, relying on limited categories ⚠️. Some statements, like 'committed to sustainability,' appear generic without specific timelines or metrics. Incorporating broader Scope 3 data and detailed action plans for net-zero goals would elevate transparency. Overall, a solid foundation that could benefit from enhanced specificity and comprehensive GHG inventory coverage.
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