Allied Properties Reit Sustainability Profile
Allied Properties Real Estate Investment Trust (REIT), commonly referred to as Allied Properties, is a prominent player in the Canadian real estate sector, headquartered in Toronto, Ontario. Founded in 2003, the company has established itself as a leader in the ownership, management, and development of urban office properties, primarily in major Canadian cities such as Toronto, Montreal, and Vancouver. Allied Properties focuses on creating and managing high-quality, sustainable office spaces that cater to the needs of modern businesses. Its unique approach combines heritage buildings with contemporary design, fostering vibrant work environments that attract top-tier tenants. With a strong commitment to sustainability and community engagement, Allied Properties has garnered recognition for its innovative developments and strategic acquisitions, solidifying its position as a trusted name in the Canadian real estate market.
DitchCarbon Score
How does Allied Properties Reit's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Real Estate Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Allied Properties Reit's score of 62 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Allied Properties Reit's reported carbon emissions
In 2024, Allied Properties Real Estate Investment Trust (REIT) reported total greenhouse gas emissions of approximately 38.7 million kg CO2e, comprising 18.9 million kg CO2e from Scope 1 and about 19.8 million kg CO2e from Scope 2 emissions. This marks a reduction from 2023, where total emissions were approximately 42.7 million kg CO2e, with Scope 1 at 19.7 million kg CO2e and Scope 2 at about 22.9 million kg CO2e. Allied Properties REIT has set ambitious climate commitments, aiming for a 42% reduction in absolute Scope 1 and 2 emissions by 2030 from a 2022 baseline. Furthermore, the REIT is committed to achieving net-zero greenhouse gas emissions across all scopes by 2050. This includes a significant long-term target to reduce absolute Scope 1 and 2 emissions by 90% by 2050, alongside a similar 90% reduction target for Scope 3 emissions. The REIT's near-term targets are aligned with the Science Based Targets initiative (SBTi), ensuring that their reduction strategies are consistent with the global goal of limiting temperature rise to 1.5°C. As part of their ongoing efforts, Allied Properties REIT has also established intensity-based reduction targets, aiming for a greenhouse gas emissions intensity of 2.21 kg CO2e/ft² by 2024, down from 2.33 kg CO2e/ft² in 2021. Overall, Allied Properties REIT is actively working towards significant emissions reductions and has laid out a clear pathway to meet its climate commitments, demonstrating leadership in the real estate sector's response to climate change.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 20,526,000 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 21,672,000 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - |
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Allied Properties Reit's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Allied Properties Reit has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Allied Properties Reit's sustainability data and climate commitments