Allied Properties Reit

Allied Properties REIT, a Canadian real estate services company, reported Scope 1 emissions of approximately 18,860,000 kg CO2e and Scope 2 (market-based) emissions of approximately 19,811,300 kg CO2e in 2024. Scope 3 emissions data for 2024 is not available. In 2023, the company's Scope 1 emissions were approximately 19,664,000 kg CO2e and Scope 2 emissions were approximately 22,991,000 kg CO2e.

Allied Properties REIT has set several climate commitments. The company is developing a Net Zero Carbon (NZC) Plan to achieve NZC across its value chain by 2050 or sooner, in alignment with the Science Based Targets initiative (SBTi). Their near-term SBTi targets include a 42% absolute reduction in Scope 1 and 2 GHG emissions by 2030 from a 2022 base year. For the long term, they aim for a 90% absolute reduction in Scope 1, Scope 2, and Scope 3 GHG emissions by 2050 from a 2022 base year.

The company also has intensity-based reduction targets. They aim to achieve a GHG emissions intensity of 2.21 kgCO2e/ft² by 2024, representing a 5.1% reduction from their 2021 baseline of 2.33 kgCO2e/ft². With 2019 as a baseline, Allied Properties REIT established five-year intensity-based reduction targets in 2021, aiming for a 22.6% overall reduction for both Scope 1 and Scope 2 emissions by 2024. In 2023, they reported a 19% improvement in energy use intensity and a 17% improvement in GHG intensity over their 2019 baseline.