Allied Properties Reit

Allied Properties REIT: Carbon Emissions and Climate Commitments

Greenhouse Gas Emissions:

For the reporting year 2024, Allied Properties REIT reported the following emissions:

• Scope 1: Approximately 18,860,000 kg CO2e
• Scope 2 (Market-based): Approximately 19,811,300 kg CO2e
• Scope 2 (Location-based): Approximately 19,815,190 kg CO2e

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.

For 2022, Allied Properties REIT reported combined Scope 1 and 2 emissions of 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.

In 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.

For 2020, the total Scope 1 and 2 emissions were approximately 44,270,000 kg CO2e.

In 2019, Scope 1 emissions were approximately 20,526,000 kg CO2e and Scope 2 emissions were approximately 21,672,000 kg CO2e, with a combined total of approximately 43,882,000 kg CO2e.

Allied Properties REIT's reporting currently includes Scope 1 and Scope 2 emissions. Scope 3 emissions data is not yet available.

Climate Commitments and Reduction Targets:

Allied Properties REIT is committed to achieving Net Zero greenhouse gas emissions across its value chain by 2050. This commitment is in alignment with the Science Based Targets initiative (SBTi).

Key reduction targets include:

• Near-Term: A 42% reduction in absolute Scope 1 and 2 GHG emissions by 2030, using 2022 as the base year.
• Long-Term: A 90% reduction in absolute Scope 1 and 2 GHG emissions by 2050, also from a 2022 base year. Additionally, the company commits to reducing absolute Scope 3 GHG emissions by 90% within the same timeframe.

The company has also set intensity-based reduction targets. For instance, they aimed to achieve a GHG emissions intensity of 2.21 kgCO2e/ft² by 2024, a reduction from 2.33 kgCO2e/ft² in 2021. By 2023, they reported a 19% improvement in energy use intensity (EUI) and a 17% improvement in GHG intensity compared to their 2019 baseline.

Allied Properties REIT's SBTi targets have been set with a 1.5°C pathway in mind for scopes 1 and 2. The company's climate commitments are not cascaded from a parent organisation.