Brookfield Properties, a leading global real estate services company headquartered in the United States, has established itself as a prominent player in the commercial real estate industry since its founding in 2000. With a strong presence in major operational regions across North America, Europe, and Asia, the company focuses on developing, managing, and leasing high-quality office, retail, and multifamily properties. Renowned for its innovative approach to property management and development, Brookfield Properties offers a diverse portfolio that includes iconic urban developments and sustainable building practices. The company has achieved significant milestones, including recognition for its commitment to sustainability and community engagement. As a subsidiary of Brookfield Asset Management, it continues to solidify its market position through strategic acquisitions and a dedication to excellence in real estate services.
How does Brookfield Properties'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.
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.
Brookfield Properties's score of 30 is higher than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Brookfield Properties reported carbon emissions of approximately 6,822,000 kg CO2e for Scope 1 and 100,620,000 kg CO2e for Scope 3 in the UK. The company has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 50% by 2030, using 2019 as the baseline year. This target also extends to Scope 3 emissions, reflecting a comprehensive approach to their carbon footprint. In previous years, Brookfield Properties has demonstrated a commitment to sustainability, with emissions in 2019 amounting to 6,167,000 kg CO2e for Scope 1 and 12,437,000 kg CO2e for Scope 2 in the UK. The company is actively working towards achieving these reduction targets, which align with the Science Based Targets initiative (SBTi) and are consistent with the goal of limiting global warming to 1.5°C. Overall, Brookfield Properties is focused on significant emissions reductions across all scopes, reinforcing its commitment to climate action and sustainability in the real estate sector.
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.
Brookfield Properties is committed to some reduction initiatives 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.