Choice Properties

Choice Properties, operating in the Real Estate Services (70) industry with its headquarters in CA, is committed to addressing its climate impact.

In 2022, the company reported a total of approximately 466.5 million kg CO2e. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. Specifically, Scope 1 emissions were approximately 7.6 million kg CO2e, and Scope 2 emissions were around 13.6 million kg CO2e. Scope 3 emissions, primarily from downstream leased assets, accounted for approximately 432.5 million kg CO2e.

For 2021, Choice Properties reported total emissions of approximately 491.9 million kg CO2e, with Scope 1 at about 7.4 million kg CO2e and Scope 2 at approximately 13.4 million kg CO2e. Scope 3 emissions, particularly from downstream leased assets, were around 443.4 million kg CO2e.

In 2020, total emissions were approximately 487.6 million kg CO2e, comprising about 7.4 million kg CO2e in Scope 1 and 14.5 million kg CO2e in Scope 2 emissions. Scope 3 emissions, largely from downstream leased assets, were approximately 442.4 million kg CO2e.

Choice Properties has set ambitious climate targets. Through the Science Based Targets initiative (SBTi), the company has committed to reaching net-zero greenhouse gas emissions across its value chain by 2050, using a 2019 base year. As a near-term objective, Choice Properties aims to reduce absolute Scope 1 and 2 GHG emissions by 50% by 2030, also from a 2019 baseline. Furthermore, the company is targeting a 30% reduction in absolute Scope 3 GHG emissions from purchased goods and services and downstream leased assets by 2030. For the long term, Choice Properties has a goal to reduce absolute Scope 1 and 2 emissions by 90% by 2050, and absolute Scope 3 emissions by 90% within the same timeframe.

Previously, Choice Properties also had a target for a 10% reduction in same-asset greenhouse gas emissions within its operational control (primarily Scope 1 and 2) between 2018 and 2023.