Allied Properties Reit
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 41 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Allied Properties Reit's reported carbon emissions
In 2023, Allied Properties REIT reported total carbon emissions of approximately 42,655,000 kg CO2e, with Scope 1 emissions at about 19,664,000 kg CO2e and Scope 2 emissions at around 22,991,000 kg CO2e. This marked a slight decrease from the previous year's total emissions of approximately 43,829,000 kg CO2e in 2022. Over the years, Allied Properties has demonstrated a commitment to reducing its carbon footprint. The company has set a long-term target to achieve net-zero emissions by 2050, encompassing all scopes of emissions. This commitment aligns with the Science Based Targets initiative (SBTi), indicating a structured approach to climate action. In 2021, the total emissions were approximately 45,323,000 kg CO2e, which included Scope 1 emissions of about 20,157,000 kg CO2e, Scope 2 emissions of approximately 18,597,000 kg CO2e, and significant Scope 3 emissions from purchased goods and services at around 30,467,000 kg CO2e. This highlights the company's awareness of its broader environmental impact. Allied Properties REIT's emissions intensity has varied, with a reported intensity of about 23.14 kg CO2e per square foot in 2023. The company continues to focus on sustainability and reducing its environmental impact as part of its operational strategy.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| 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 | - | - | 00,000,000 | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Allied Properties Reit is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
