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Public Profile
Real Estate Services
CA
updated 2 months ago

Choice Properties

Company website

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.

40

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.

24

Industry Benchmark

Choice Properties's score of 40 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.

62%

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Choice Properties's reported carbon emissions

In 2023, Choice Properties REIT reported total carbon emissions of approximately 447,600,000 kg CO2e, with Scope 1 emissions at about 5,300,000 kg CO2e, Scope 2 emissions at approximately 1,000,000 kg CO2e (market-based), and a significant contribution from Scope 3 emissions, which totalled around 441,200,000 kg CO2e. Notably, the majority of Scope 3 emissions stemmed from downstream leased assets, accounting for about 408,200,000 kg CO2e. Comparatively, in 2022, the total emissions were approximately 466,500,000 kg CO2e, indicating a slight reduction in overall emissions year-on-year. The company has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by 2050, using 2019 as the baseline year. Near-term targets include a 50% reduction in absolute Scope 1 and 2 emissions by 2030, alongside a 30% reduction in Scope 3 emissions from purchased goods and services and downstream leased assets. Long-term goals further stipulate a 90% reduction in both Scope 1 and 2 emissions by 2050, as well as a 90% reduction in Scope 3 emissions. 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.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

202020212022
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

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Choice Properties's primary industry is Real estate services (70), which is low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Choice Properties is in CA, which has a very low grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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