Canadian Real Estate Investment Trust Sustainability Profile
Canadian Real Estate Investment Trust (CREIT), headquartered in Canada, is a prominent player in the real estate investment sector. Founded in 1993, CREIT has established itself as a leading provider of diversified real estate solutions, primarily focusing on residential and commercial properties across major urban centres in Canada. With a robust portfolio that includes retail, office, and industrial spaces, CREIT distinguishes itself through its commitment to sustainable development and tenant satisfaction. The trust has achieved significant milestones, including consistent growth in assets under management and a strong market presence, making it a trusted choice for investors seeking reliable returns in the Canadian real estate market. CREIT's strategic approach and dedication to quality have solidified its position as a key player in the industry.
DitchCarbon Score
How does Canadian Real Estate Investment Trust'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
Canadian Real Estate Investment Trust's score of 42 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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As of the latest reporting, Canadian Real Estate Investment Trust (CREIT) does not have specific carbon emissions data available, indicating a lack of reported emissions figures in kg CO2e. However, it is important to note that CREIT's climate commitments and initiatives are influenced by its relationship with Choice Properties Real Estate Investment Trust, from which it inherits emissions data and sustainability targets. CREIT is part of a merged entity with Choice Properties, which has established various climate initiatives. While specific reduction targets from the Science Based Targets initiative (SBTi) or other frameworks are not detailed for CREIT, the influence of Choice Properties suggests a commitment to sustainability practices within the real estate sector. The absence of direct emissions data highlights the need for transparency and accountability in climate reporting. CREIT's alignment with industry standards and its connection to Choice Properties may indicate a broader commitment to reducing carbon footprints and enhancing environmental performance, although specific metrics and targets are not currently disclosed.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 7,400,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 14,500,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 465,600,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Canadian Real Estate Investment Trust's Industry?
How Carbon Intensive is Canadian Real Estate Investment Trust's Location?
Canadian Real Estate Investment Trust's Scope 3 Categories Breakdown
Canadian Real Estate Investment Trust's Scope 3 emissions, which decreased by 5% last year and decreased by approximately 4% since 2020, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Downstream Leased Assets" being the largest emissions source at 97% of Scope 3 emissions.
Top Scope 3 Categories
Canadian Real Estate Investment Trust'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.
Canadian Real Estate Investment Trust has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
