Home Case Studies Arena REIT – Creating Meaningful Impact in the Finance Sector
Emissions Reduction and Climate Risk
The journey to becoming a more socially and environmentally responsible enterprise.

Home Case Studies Arena REIT – Creating Meaningful Impact in the Finance Sector
The journey to becoming a more socially and environmentally responsible enterprise.
Driving Change: Arena REIT’s climate action journey – creating meaningful impact in the finance sector
Arena REIT (Arena) is an Australian Real Estate Investment Trust (REIT) listed on the ASX. Arena develops, owns and manages social infrastructure properties across Australia, with over 250 properties in its portfolio valued at over $AUD 1 billion. Arena is committed to developing strategies to address sustainability challenges and to identify opportunities to progress positive change.
Arena has an ambitious sustainability agenda and in 2022 engaged Anthesis (formerly Ndevr Environmental) to provide ongoing technical support and guidance to progress its climate action journey. This collaboration has achieved significant accomplishments to date and serves as an exemplar model for becoming a more socially and environmentally responsible enterprise.
Measuring Emissions
Since FY22, Arena has progressively been measuring greenhouse gas (GHG) emissions from its operations to its full value chain.
Developing a Climate Action Plan to explore its emissions trajectories and reduction pathways in line with climate science. During FY23 and FY24, this will be further enhanced by a detailed Emissions Reduction Roadmap based on site audits, to determine the feasibility of emissions reduction targets.
In FY22 Arena released its inaugural climate risk disclosures in line with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). This involved an initial gap analysis against the TCFD framework and identifying its climate-related risks and opportunities. Over FY23 and beyond this work will include a physical climate risk assessment, qualitative scenario analysis, and an initial assessment of the impact of climate risks and opportunities on Arena’s business.
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