Champion REIT Sustainability Profile
Champion REIT, officially known as Champion Real Estate Investment Trust, is a prominent player in the real estate investment sector, headquartered in Hong Kong. Established in 2006, the trust primarily focuses on the acquisition and management of high-quality retail and office properties, predominantly in Hong Kong and mainland China. With a portfolio that includes notable assets such as the Langham Place and the Champion Tower, Champion REIT stands out for its strategic positioning in prime locations, offering unique value to investors and tenants alike. The trust has achieved significant milestones, including consistent growth in rental income and a strong market presence, making it a key contender in the Asia-Pacific real estate market. Champion REIT's commitment to excellence and sustainable practices further enhances its reputation as a leader in the industry.
DitchCarbon Score
How does Champion 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
Champion REIT's score of 48 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Champion REIT's reported carbon emissions
In 2024, Champion REIT reported total carbon emissions of approximately 16,860,000 kg CO2e in Hong Kong, with Scope 1 and 2 emissions accounting for about 9,100 kg CO2e and 9,906,200 kg CO2e, respectively. The Scope 3 emissions included significant contributions from downstream leased assets (7,213,500 kg CO2e), employee commuting (4,000 kg CO2e), and business travel (2,600 kg CO2e). For the previous year, 2023, the total emissions were about 17,882,000 kg CO2e in Hong Kong, with Scope 1 and 2 emissions at approximately 17,882,000 kg CO2e and Scope 3 emissions from downstream leased assets at 5,836,300 kg CO2e. Champion REIT has set ambitious climate commitments, aiming for a 42% reduction in carbon intensity across all scopes by 2030, with the baseline year being 2011. This target applies to both Scope 1 and Scope 2 emissions, reflecting a strong commitment to sustainability and climate action. The emissions data is not cascaded from any parent organization, indicating that Champion REIT independently reports its carbon footprint and climate initiatives.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 17,400 | 0,000 | 0,000 |
| Scope 2 | 10,712,760 | 00,000,000 | 0,000,000 |
| Scope 3 | 64,500 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Champion REIT's Industry?
How Carbon Intensive is Champion REIT's Location?
Champion REIT's Scope 3 Categories Breakdown
Champion REIT's Scope 3 emissions, which increased by 24% last year and increased significantly since 2022, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 42% of total emissions under the GHG Protocol, with "Downstream Leased Assets" being the largest emissions source at 99% of Scope 3 emissions.
Top Scope 3 Categories
Champion REIT'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.
Champion REIT 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.
