Choice Properties
Choice Properties Real Estate Investment Trust (REIT), headquartered in California, is a prominent player in the Canadian real estate sector. Founded in 2013, the company has rapidly established itself as a leader in the ownership, management, and development of retail and residential properties across major urban regions in Canada. With a diverse portfolio that includes grocery-anchored shopping centres and multi-family residential buildings, Choice Properties stands out for its strategic partnerships and commitment to sustainability. The company’s focus on high-quality assets and its innovative approach to property management have garnered significant recognition within the industry. As a key participant in the Canadian REIT market, Choice Properties has achieved notable milestones, including a robust market position and a reputation for delivering consistent returns to its investors.
DitchCarbon Score
How does Choice 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.
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
Choice Properties's score of 55 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Choice Properties's reported carbon emissions
In 2023, Choice Properties reported total greenhouse gas emissions of approximately 6,300,000 kg CO2e, comprising 5,300,000 kg CO2e from Scope 1 and 1,000,000 kg CO2e from Scope 2 emissions. This marks a significant increase from 2022, where total emissions were about 466,500,000 kg CO2e, with Scope 1 emissions at 7,600,000 kg CO2e and Scope 2 emissions at 13,600,000 kg CO2e. Notably, in 2022, the company also reported substantial Scope 3 emissions, including 432,500,000 kg CO2e from downstream leased assets and 12,800,000 kg CO2e from purchased goods and services. Choice Properties has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by 2050, using 2019 as the base year. The company has established near-term targets to reduce absolute Scope 1 and 2 emissions by 50% by 2030 and Scope 3 emissions from purchased goods and services and downstream leased assets by 30% within the same timeframe. Long-term goals include a 90% reduction in absolute Scope 1 and 2 emissions and Scope 3 emissions by 2050. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect the company's commitment to sustainable practices within the real estate sector. The reduction initiatives are part of a broader strategy to enhance operational efficiency and mitigate climate impact, demonstrating Choice Properties' proactive approach to addressing climate change.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 1,963,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 42,068,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | 49,762,000 | 000,000 | 000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - |
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.
Choice Properties 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.
