Crombie Reit
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 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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Crombie Reit's reported carbon emissions
In 2023, Crombie REIT reported total carbon emissions of approximately 236,314 kg CO2e, with Scope 1 and 2 emissions accounting for about 18,164 kg CO2e and Scope 3 emissions reaching approximately 531,663 kg CO2e. This reflects a significant increase in total emissions compared to 2022, when total emissions were about 178,479,000 kg CO2e, with Scope 1 and 2 emissions at approximately 21,926,000 kg CO2e and Scope 3 emissions at about 156,553,000 kg CO2e. Crombie REIT has set ambitious climate commitments, aiming to reduce its Scope 1 and 2 greenhouse gas emissions by 46% by 2030 from a 2019 baseline. Furthermore, the company is committed to achieving net-zero emissions by 2050, with an overall target to reduce total emissions (Scope 1, 2, and 3) by 90% by the same year. These targets have been validated by the Science Based Targets initiative (SBTi) and are aligned with the goal of limiting global warming to 1.5°C. Crombie REIT's proactive approach to climate action demonstrates its commitment to sustainability within the real estate sector, positioning itself as a responsible corporate citizen in Canada.
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| 2019 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | - | - | - | - |
| Scope 2 | - | - | - | - |
| Scope 3 | 334,860 | 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.
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.
