Allied Properties Reit

Allied Properties Reit's reported carbon emissions

Allied Properties REIT, headquartered in Canada and operating in real estate services, is committed to significant emissions reductions. For the year 2024, the company reported Scope 1 emissions of approximately 18,860,000 kg CO2e and Scope 2 emissions of approximately 19,361,000 kg CO2e (market-based). In 2023, Scope 1 emissions were about 19,664,000 kg CO2e and Scope 2 emissions were around 22,991,000 kg CO2e. Allied Properties REIT has set ambitious climate targets. The company is developing a Net-Zero Carbon (NZC) Plan to achieve NZC by 2050 or sooner, in alignment with the Science Based Targets initiative (SBTi). This includes a commitment to reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 42% by 2030, using a 2022 baseline year. Furthermore, Allied Properties REIT aims for a 90% reduction in absolute Scope 1 and 2 GHG emissions by 2050 and a 90% reduction in absolute Scope 3 GHG emissions within the same timeframe, all against a 2022 baseline. They are also targeting a GHG emissions intensity of 2.21 kgCO2e/ft² by 2024, a decrease from 2.33 kgCO2e/ft² in 2021. In 2023, their GHG emissions intensity showed a 17% improvement compared to their 2019 baseline.