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Real Estate Services
CA
updated 5 days ago

Crombie Reit

Company website

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.

49

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.

27

Industry Benchmark

Crombie Reit's score of 49 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.

69%

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Crombie Reit's reported carbon emissions

In 2022, Crombie REIT reported total carbon emissions of approximately 178,479,000 kg CO2e. This figure includes about 21,926,000 kg CO2e from Scope 1 and 2 emissions, while the majority, approximately 156,553,000 kg CO2e, falls under Scope 3 emissions. This represents a slight decrease from 2021, where total emissions were about 178,959,000 kg CO2e, with Scope 1 and 2 emissions at approximately 23,123,000 kg CO2e and Scope 3 emissions at about 155,836,000 kg CO2e. Crombie REIT has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 greenhouse gas emissions by 46% by 2030, using 2019 as the baseline year. 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% from the same 2019 baseline. 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 reflect its proactive approach to sustainability within the real estate sector, demonstrating a commitment to reducing its environmental impact while enhancing transparency in its operations.

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20212022
Scope 1
-
-
Scope 2
-
-
Scope 3
155,836,000
000,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Crombie Reit's primary industry is Real estate services (70), which is low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Crombie Reit is in CA, which has a low grid carbon intensity relative to other regions.

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.

Crombie Reit 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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