Gazit Globe Sustainability Profile
Gazit Globe Ltd., a prominent player in the global real estate industry, is headquartered in Israel (IL) and operates extensively across North America, Europe, and Israel. Founded in 1995, the company has established itself as a leader in the ownership, development, and management of retail and mixed-use properties. Gazit Globe is renowned for its innovative approach to urban real estate, focusing on creating vibrant community spaces that enhance the customer experience. With a diverse portfolio that includes shopping centres and commercial properties, Gazit Globe distinguishes itself through its commitment to sustainability and strategic location selection. The company has achieved significant milestones, including its listing on the Toronto Stock Exchange, solidifying its market position. Gazit Globe continues to drive growth and value in the real estate sector, making it a noteworthy entity in the industry.
DitchCarbon Score
How does Gazit Globe'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
Gazit Globe's score of 21 is lower than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Gazit Globe's reported carbon emissions
In 2024, Gazit Globe reported total carbon emissions of approximately 30.9 million kg CO2e, all of which fall under Scope 1 emissions, with no data available for Scope 2 or Scope 3 emissions. This represents an increase from 2023, where total emissions were approximately 20.6 million kg CO2e, also solely from Scope 1. Looking back to 2022, Gazit Globe's emissions were approximately 22.8 million kg CO2e, comprising about 1.2 million kg CO2e from Scope 1 and approximately 21.7 million kg CO2e from Scope 2. The company has demonstrated a significant commitment to reducing its carbon footprint, particularly through its subsidiary Citycon, which achieved a remarkable 74% reduction in Scope 1 and Scope 2 emissions from 2020 to 2022. Furthermore, Citycon has set a target to reduce Scope 1 and 2 emissions by 42% by 2030. Gazit Globe is also committed to achieving carbon neutrality by 2030, specifically targeting Scope 3 emissions, with this initiative starting in 2023. These commitments reflect the company's proactive approach to addressing climate change and reducing its overall environmental impact.
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| 2017 | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 561,000,000 | 000,000,000 | 000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 74,234 | 00,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | - |
| Scope 3 | 52,081,088,464 | 00,000,000,000 | - | - | - | - | - |
How Carbon Intensive is Gazit Globe's Industry?
How Carbon Intensive is Gazit Globe's Location?
Gazit Globe'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.
Gazit Globe 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.
