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 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Choice Properties's reported carbon emissions
In 2023, Choice Properties reported total carbon 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 commitment to reducing their carbon footprint, as the company has set ambitious targets to achieve net-zero greenhouse gas emissions across its value chain by 2050, using 2019 as the baseline year. The near-term targets include a 50% reduction in absolute Scope 1 and 2 emissions by 2030, alongside a 30% reduction in Scope 3 emissions, which encompass purchased goods and services as well as downstream leased assets. Long-term goals aim for a 90% reduction in both Scope 1 and 2 emissions and Scope 3 emissions by 2050. Choice Properties has previously committed to a 10% reduction in same-asset greenhouse gas emissions within its operational control (primarily Scope 1 and 2) from 2018 to 2023. This proactive approach reflects the company's dedication to sustainability and aligns with industry standards for climate action.
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| 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.
