Fortress Real Estate Sustainability Profile
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 53% 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 and fugitive emissions, and Scope 2 emissions of approximately 4,898,000 kg CO2e, mainly from purchased electricity. Additionally, Scope 3 emissions were significant, totalling around 216,796,000 kg CO2e, with notable contributions from purchased goods and services. Comparatively, in 2023, Fortress recorded 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 and Scope 2 emissions of about 7,681,000 kg CO2e, alongside Scope 3 emissions of around 212,608,000 kg CO2e. Fortress has set ambitious near-term targets to achieve net-zero emissions for both Scope 1 and Scope 2 by 2030, starting from 2023. However, there are concerns regarding adherence to these timelines, as indicated in their recent stewardship report. The company does not currently report any Science-Based Targets Initiative (SBTi) targets, and all emissions data is sourced directly from Fortress Real Estate Investments Limited without any cascading from a parent organisation.
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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 |
How Carbon Intensive is Fortress Real Estate's Industry?
How Carbon Intensive is Fortress Real Estate's Location?
Fortress Real Estate's Scope 3 Categories Breakdown
Fortress Real Estate's Scope 3 emissions, which decreased by 12% last year and decreased by approximately 28% since 2018, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 1% of Scope 3 emissions.
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Fortress Real Estate'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.
Fortress Real Estate has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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