Fortress Real Estate
Fortress Real Estate, also known as Fortress Fund Managers, is a prominent player in the South African real estate sector, headquartered in Johannesburg, ZA. Established in 2009, the company has rapidly evolved, focusing on logistics and retail properties across key operational regions in South Africa and sub-Saharan Africa. Specialising in high-quality, income-generating assets, Fortress Real Estate distinguishes itself through its strategic approach to property management and development. The firm’s portfolio includes a diverse range of properties, ensuring resilience and growth in a competitive market. With a strong commitment to sustainability and innovation, Fortress has achieved notable milestones, solidifying its position as a leader in the industry.
DitchCarbon Score
How does Fortress Real Estate'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
Fortress Real Estate's score of 31 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Fortress Real Estate's reported carbon emissions
In 2024, Fortress Real Estate, headquartered in South Africa (ZA), reported total carbon emissions of approximately 223,494,000 kg CO2e. This figure includes Scope 1 emissions of about 1,800,000 kg CO2e, primarily from stationary combustion (1,305,000 kg CO2e) and fugitive emissions (485,000 kg CO2e). Scope 2 emissions, related to purchased electricity, accounted for approximately 4,898,000 kg CO2e. The most significant contribution came from Scope 3 emissions, which totalled around 216,796,000 kg CO2e, with notable sources including purchased goods and services (3,872,000 kg CO2e) and business travel (142,000 kg CO2e). Comparatively, in 2023, Fortress reported total emissions of about 221,994,000 kg CO2e, indicating a slight increase in emissions year-on-year. The breakdown for 2023 included Scope 1 emissions of approximately 1,705,000 kg CO2e, Scope 2 emissions of about 7,681,000 kg CO2e, and Scope 3 emissions of around 212,608,000 kg CO2e. Fortress Real Estate has set ambitious near-term targets to achieve net-zero emissions for both Scope 1 and Scope 2 by 2030, as outlined in their annual stewardship report. However, there are concerns regarding adherence to these timelines, suggesting that the company may not be on track to meet its own commitments. The emissions data is sourced directly from Fortress Real Estate Investments Limited, with no cascaded data from a parent or related organization. The company continues to focus on reducing its carbon footprint while navigating the complexities of its operational emissions.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 886,000 | 000,000 | 000,000 | 000,000 | 000,000 | 0,000,000 |
| Scope 2 | 9,855,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 293,570,000 | 000,000,000 | 000,000,000 | 000,000,000 | 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.
Fortress Real Estate is not participating in any 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.
