Choice Properties

In 2022, Choice Properties's total reported emissions were approximately 466.5 million kg CO2e. This included Scope 1 emissions of approximately 7.6 million kg CO2e, Scope 2 emissions of about 13.6 million kg CO2e, and Scope 3 emissions totalling approximately 445.3 million kg CO2e. Key contributors to Scope 3 were downstream leased assets (432.5 million kg CO2e) and purchased goods and services (12.8 million kg CO2e).

Looking back, their 2021 reported emissions were around 491.9 million kg CO2e, with Scope 1 at about 7.4 million kg CO2e, Scope 2 at approximately 13.4 million kg CO2e, and Scope 3 around 471 million kg CO2e (443.4 million kg CO2e from downstream leased assets and 27.6 million kg CO2e from purchased goods and services). In 2020, total reported emissions were approximately 487.6 million kg CO2e, comprising about 7.4 million kg CO2e from Scope 1, 14.5 million kg CO2e from Scope 2, and 465.6 million kg CO2e from Scope 3 (442.4 million kg CO2e from downstream leased assets and 23.2 million kg CO2e from purchased goods and services).

Choice Properties has set ambitious climate commitments validated by the Science Based Targets initiative (SBTi). The company is committed to reaching net-zero greenhouse gas emissions across its entire value chain by 2050, using a 2019 base year.

Their near-term 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 by 2030 from a 2019 base year.

For the long term, Choice Properties aims for:

• 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 from a 2019 base year.

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