 SUSTAINABILITY AND ESG INDICATORS REPORTED BY PUBLICLY TRADED REITS IN EUROPE – A CLOSE LOOK AT CARBON INTENSITYIvo Kolchev ()
Yearbook of the Faculty of Economics and Business Administration, Sofia University, 2025, vol. 24, issue 1, 141-149 Abstract: The article analyzes trends in carbon intensity at large-capitalization real estate investment trusts (REITs) in Europe. The author’s company sample consists of the twenty largest components of the FTSE EPRA/NAREIT Developed Europe ex UK Dividend+ Index. The analysis of carbon intensity is based on kilogram CO2 emissions per m², with a focus on operational carbon rather than embodied carbon. Sectors with high carbon intensity are healthcare and residential, while retail and office tend to have lower carbon intensity. Real-time sensors, renewable energy, and carbon offsetting are used to reduce carbon intensity. The extent to which these measures are used determines the carbon intensity of a given company, as my research found that companies operating the same type of real estate can have an eightfold difference in carbon intensity. Nevertheless, across the property sectors I examined there was broad improvement (reduction) in carbon intensity in 2022 relative to 2021. Keywords: Carbon intensity; REIT; carbon dioxide. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:sko:yrbook:v:24:y:2025:i:1:p:141-149 Access Statistics for this article More articles in Yearbook of the Faculty of Economics and Business Administration, Sofia University from Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria Contact information at EDIRC. |
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