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.
Let us know if this data was useful to you
Allied Properties Reit's reported carbon emissions
In 2024, Allied Properties Real Estate Investment Trust (REIT) reported total greenhouse gas emissions of approximately 18,860,000 kg CO2e for Scope 1 and about 19,361,000 kg CO2e for Scope 2. This reflects a slight decrease from 2023, where emissions were approximately 19,664,000 kg CO2e for Scope 1 and 22,991,000 kg CO2e for Scope 2. The total emissions for 2022 were about 43,829,000 kg CO2e, with Scope 1 at 19,815,000 kg CO2e and Scope 2 at 24,014,000 kg CO2e. Allied Properties REIT has set ambitious climate commitments, aiming for a 42% reduction in absolute Scope 1 and 2 GHG emissions by 2030 from a 2022 base year. Furthermore, the REIT has committed to achieving net-zero emissions across all scopes by 2050, with a long-term target to reduce absolute Scope 1 and 2 emissions by 90% by the same year. Additionally, they aim to reduce absolute Scope 3 emissions by 90% within the same timeframe. The company has also established near-term targets, including achieving a GHG emissions intensity of 2.21 kg CO2e/ft² by 2024, down from 2.33 kg CO2e/ft² in 2021. These targets align with the Science Based Targets initiative (SBTi) and demonstrate Allied Properties REIT's commitment to sustainable practices and reducing its carbon footprint in the real estate sector.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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 | - | - | - | - | - | - |
How Carbon Intensive is Allied Properties Reit's Industry?
How Carbon Intensive is Allied Properties Reit's Location?
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