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.
+21 vs industry average
Crombie Reit’s score of 49 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Real Estate Services has above-average carbon intensity
Industry performance
The Real Estate Services industry has reduced its overall emissions by 42% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Crombie Reit's reported carbon emissions
Crombie REIT's most recent reported carbon emissions were in 2023, with a total of approximately 236.3 million kg CO2e. This figure includes Scope 3 emissions, which accounted for approximately 542.2 million kg CO2e, and Scope 1 and 2 emissions totalling approximately 18.2 million kg CO2e. In 2022, their total emissions were approximately 180.4 million kg CO2e, comprising about 166.0 million kg CO2e from Scope 3 and approximately 5.5 million kg CO2e from Scope 1 and 2. Crombie REIT has established significant climate commitments. They aim for a 50% reduction in Scope 1 and 2 Greenhouse Gas (GHG) emissions by 2030, using 2019 as their base year. Furthermore, they are committed to achieving net-zero emissions by 2050, with a target of a 90% reduction in Scope 1, 2, and 3 GHG emissions by the same year, also from a 2019 baseline. These targets align with the Science Based Targets initiative (SBTi), with near-term targets for Scope 1 and 2 reductions of 46% by 2030 from a 2019 base year, and a long-term commitment to reach net-zero by 2050.
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Crombie Reit’s Climate Goals (2030 & 2050)
2 goals2050
90% reduction in scope 3 total
90% reduction of Scope 1, 2, and 3 GHG emissions by 2050 from 2019 base year
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Crombie Reit
Frequently asked questions
Common questions about Crombie Reit’s sustainability data and climate commitments
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