Crombie Reit Sustainability Profile
Crombie Real Estate Investment Trust (Crombie REIT), headquartered in Canada, is a prominent player in the real estate investment sector. Established in 2006, the REIT focuses on acquiring, owning, and managing a diversified portfolio of income-producing properties across major Canadian markets, including retail, office, and industrial spaces. Crombie REIT distinguishes itself through its commitment to sustainability and community engagement, ensuring that its developments meet the highest standards of environmental responsibility. With a robust portfolio that includes over 300 properties, the company has achieved significant milestones, including consistent growth in its asset base and a strong market presence. Recognised for its strategic acquisitions and innovative property management, Crombie REIT continues to solidify its position as a leader in the Canadian real estate industry.
DitchCarbon Score
How does Crombie Reit'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
Crombie Reit's score of 52 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Crombie Reit's reported carbon emissions
In 2024, Crombie REIT reported total carbon emissions of approximately 233,460,000 kg CO2e, with Scope 3 emissions accounting for about 217,104,000 kg CO2e and Scope 1 and 2 emissions totalling approximately 16,356,000 kg CO2e. This marks a significant increase from 2022, when total emissions were about 178,479,000 kg CO2e, with Scope 3 emissions at approximately 156,553,000 kg CO2e and Scope 1 and 2 emissions at about 21,926,000 kg CO2e. Crombie REIT has set ambitious climate commitments, aiming to reduce Scope 1 and Scope 2 greenhouse gas emissions by 46% by 2030 from a 2019 baseline. Additionally, the company has pledged to achieve net-zero emissions by 2050, with a target to reduce total emissions across all scopes (1, 2, and 3) by 90% by the same year. These targets are aligned with the Science Based Targets initiative (SBTi) and are classified as consistent with limiting global warming to 1.5°C. Crombie REIT's emissions data and climate commitments are sourced directly from the Crombie Real Estate Investment Trust, with no data cascaded from a parent organization. The company is actively working towards its sustainability goals, reflecting a commitment to environmental responsibility within the real estate sector.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | - | - |
| Scope 2 | - | - |
| Scope 3 | 155,836,000 | 000,000,000 |
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Crombie Reit's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Crombie Reit has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Crombie Reit's sustainability data and climate commitments