Choice Properties

Choice Properties's reported carbon emissions

**Choice Properties: Emissions and Climate Commitments** **Emissions Overview:** * **2022:** Choice Properties reported total greenhouse gas emissions of approximately 466.5 million kg CO2e. This included Scope 1 emissions of about 7.6 million kg CO2e, Scope 2 emissions of approximately 13.6 million kg CO2e, and substantial Scope 3 emissions, primarily from downstream leased assets, totalling about 432.5 million kg CO2e. Purchased goods and services contributed approximately 12.8 million kg CO2e to Scope 3. * **2021:** Total emissions were around 491.9 million kg CO2e. Scope 1 emissions were approximately 7.4 million kg CO2e, Scope 2 emissions totalled about 13.4 million kg CO2e, and Scope 3 emissions, largely from downstream leased assets, stood at roughly 443.4 million kg CO2e. Purchased goods and services accounted for approximately 27.6 million kg CO2e in Scope 3. * **2020:** Total emissions were reported as approximately 487.6 million kg CO2e. Scope 1 emissions were about 7.4 million kg CO2e, Scope 2 emissions were approximately 14.5 million kg CO2e, and Scope 3 emissions, driven by downstream leased assets, reached about 442.4 million kg CO2e. Purchased goods and services contributed approximately 23.2 million kg CO2e to Scope 3. **Climate Commitments & Reduction Targets:** Choice Properties is committed to ambitious climate action, with targets aligned with the Science Based Targets initiative (SBTi). * **Net-Zero Commitment:** The company aims to achieve net-zero greenhouse gas emissions across its value chain by 2050, using 2019 as a base year. * **Near-Term Targets (by 2030):** * A 50% reduction in absolute Scope 1 and Scope 2 greenhouse gas emissions from the 2019 baseline. * A 30% reduction in absolute Scope 3 greenhouse gas emissions, specifically from purchased goods and services, and downstream leased assets, from the 2019 baseline. * **Long-Term Targets (by 2050):** * A 90% reduction in absolute Scope 1 and Scope 2 greenhouse gas emissions from the 2019 baseline. * A 90% reduction in absolute Scope 3 greenhouse gas emissions from the 2019 baseline. Previously, Choice Properties also had a near-term target for a 10% reduction in same-asset greenhouse gas emissions within its operational control (primarily Scope 1 and 2) between 2018 and 2023. These commitments demonstrate Choice Properties' dedication to environmental stewardship within the real estate services sector.