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 59 is higher than 77% 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 Real Estate Investment Trust (REIT) reported significant carbon emissions, with Scope 1 emissions totalling approximately 18,860,000 kg CO2e and Scope 2 emissions reaching about 19,361,000 kg CO2e. This marks a decrease from 2023, where Scope 1 emissions were about 19,664,000 kg CO2e and Scope 2 emissions were approximately 22,991,000 kg CO2e. The total emissions for 2022 were reported at around 43,829,000 kg CO2e, with Scope 1 and 2 emissions of approximately 19,815,000 kg CO2e and 24,014,000 kg CO2e, respectively. 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 baseline. Furthermore, the company has committed to achieving net-zero greenhouse gas emissions across its value chain by 2050. This includes a long-term target to reduce absolute Scope 1 and 2 emissions by 90% by 2050, as well as a similar 90% reduction target for Scope 3 emissions within the same timeframe. The company is actively developing a Net Zero Carbon (NZC) Plan to identify pathways to achieve these targets, in alignment with the Science Based Targets initiative (SBTi). Notably, Allied Properties REIT has also set a near-term goal to achieve a greenhouse gas emissions intensity of 2.21 kg CO2e/ft² by 2024, down from 2.33 kg CO2e/ft² in 2021, representing a 5.1% reduction. Overall, Allied Properties REIT is making significant strides in its climate commitments, with a clear focus on reducing emissions and enhancing sustainability in its operations.
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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.
