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 61 is higher than 99% 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 REIT reported total carbon emissions of approximately 18,860,000 kg CO2e for Scope 1 and about 19,361,000 kg CO2e for Scope 2. This reflects a commitment to reducing greenhouse gas emissions as part of their long-term climate strategy. The company has set ambitious targets, aiming for a 42% reduction in absolute Scope 1 and 2 emissions by 2030, using 2022 as the baseline year. Furthermore, Allied Properties is committed to achieving net-zero emissions across all scopes by 2050, in alignment with the Science Based Targets initiative (SBTi). In 2023, the reported emissions were approximately 19,664,000 kg CO2e for Scope 1 and about 22,991,000 kg CO2e for Scope 2. This indicates a slight decrease in Scope 1 emissions compared to the previous year, where emissions were around 20,157,000 kg CO2e for Scope 1 and 18,597,000 kg CO2e for Scope 2 in 2021. The company 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. Allied Properties REIT's climate commitments include a long-term goal of reducing absolute Scope 1 and 2 emissions by 90% by 2050, alongside a similar target for Scope 3 emissions. These initiatives demonstrate the company's proactive approach to addressing climate change and its dedication to sustainable practices within the real estate sector.
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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 | - | - | - | - | - | - |
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 participating in some of the initiatives that 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.
