Choice Properties

Choice Properties, a real estate services company headquartered in CA, reported total emissions of approximately 466,500,000 kg CO2e in 2022. This includes 7,600,000 kg CO2e from Scope 1 emissions, 13,600,000 kg CO2e from Scope 2 emissions, and Scope 3 emissions of 445,300,000 kg CO2e. The Scope 3 emissions for 2022 primarily consist of 432,500,000 kg CO2e from downstream leased assets and 12,800,000 kg CO2e from purchased goods and services.

Looking back, Choice Properties's total emissions were approximately 491,900,000 kg CO2e in 2021, and 487,600,000 kg CO2e in 2020.

Choice Properties has demonstrated its commitment to climate action through several targets. The company commits to reach net-zero greenhouse gas emissions across its value chain by 2050 from a 2019 base year. This commitment is validated by the Science Based Targets initiative (SBTi).

Near-term SBTi targets include:

• A 50% absolute reduction in Scope 1 and 2 GHG emissions by 2030 from a 2019 base year.
• A 30% absolute reduction in Scope 3 GHG emissions from purchased goods and services and downstream leased assets within the same timeframe (by 2030 from a 2019 base year).

Long-term SBTi targets include:

• A 90% absolute reduction in Scope 1 and 2 emissions by 2050 from a 2019 base year.
• A 90% absolute reduction in Scope 3 GHG emissions by 2050 within the same timeframe.

Additionally, Choice Properties had an earlier target to achieve a 10% reduction in same-asset Scope 1 and 2 greenhouse gas emissions within its operational control between 2018 and 2023.