Allied Properties Reit
Allied Properties Real Estate Investment Trust (REIT), commonly referred to as Allied Properties, is a prominent player in the real estate services industry, headquartered in Canada. Established in 2003, the company has carved a niche in the acquisition, development, and management of urban office properties, primarily in major Canadian cities such as Toronto, Montreal, and Vancouver.
Allied Properties focuses on creating and managing distinctive, high-quality office spaces that cater to the needs of modern businesses. Its commitment to sustainability and innovative design sets it apart in a competitive market. With a robust portfolio and a reputation for excellence, Allied Properties has achieved significant milestones, including recognition for its contributions to urban revitalisation and sustainable development. As a leader in the real estate sector, Allied Properties continues to shape the landscape of urban office environments across Canada.
+13 vs industry average
Allied Properties Reit’s score of 42 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Real Estate Services has above-average carbon intensity
Industry performance
The Real Estate Services industry has reduced its overall emissions by 17% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Allied Properties Reit's reported carbon emissions
Allied Properties REIT: Carbon Emissions and Climate Commitments
Allied Properties REIT, based in Canada and operating within the real estate services sector, is committed to reducing its environmental impact and has established several climate targets.
Carbon Emissions Data:
- 2024: Scope 1 emissions were approximately 18,860,000 kg CO2e, and Scope 2 emissions were approximately 19,811,300 kg CO2e (market-based).
- 2023: Scope 1 emissions totalled approximately 19,664,000 kg CO2e, with Scope 2 emissions at approximately 22,991,000 kg CO2e.
- 2022: Total Scope 1 and 2 emissions were approximately 43,829,000 kg CO2e. Scope 1 emissions were approximately 19,815,000 kg CO2e, and Scope 2 emissions were approximately 24,014,000 kg CO2e.
- 2021: Scope 1 emissions were approximately 20,157,000 kg CO2e, and Scope 2 emissions were approximately 18,597,000 kg CO2e, resulting in a combined total of approximately 45,323,000 kg CO2e.
- 2020: Combined Scope 1 and 2 emissions were approximately 44,270,000 kg CO2e.
- 2019: Scope 1 emissions were approximately 20,526,000 kg CO2e, and Scope 2 emissions were approximately 21,672,000 kg CO2e, totalling approximately 43,882,000 kg CO2e.
Scope 3 emissions data is not yet available.
Climate Commitments and Reduction Targets:
Allied Properties REIT is actively working towards significant emissions reductions, aligned with the Science Based Targets initiative (SBTi).
- Net-Zero Target: The company has committed to achieving net-zero greenhouse gas emissions across its value chain by 2050.
- Near-Term Target (by 2030): Allied Properties REIT aims for a 42% reduction in absolute Scope 1 and 2 GHG emissions by 2030, using 2022 as the baseline year.
- Long-Term Target (by 2050): The REIT has set a target to reduce absolute Scope 1 and 2 GHG emissions by 90% by 2050, from a 2022 baseline. Additionally, they commit to reducing absolute Scope 3 GHG emissions by 90% within the same timeframe.
- Intensity-Based Targets: Previously, Allied established intensity-based reduction targets. For instance, they aimed for a GHG emissions intensity of 2.21 kg CO2e/ft² by 2024, down from 2.33 kg CO2e/ft² in 2021. As of 2023, their GHG intensity showed a 17% improvement compared to the 2019 baseline.
The company's targets are considered consistent with limiting global warming to 1.5°C.
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Allied Properties Reit’s Climate Goals (2030 & 2050)
2 goals2023
19% reduction in Scope 1
Our 2023 EUI and GHGI represent a respective 19% and 17% improvement over our 2019 baseline.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Allied Properties Reit
Frequently asked questions
Common questions about Allied Properties Reit’s sustainability data and climate commitments
Data year: 2024
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