Grand City Properties
Grand City Properties, headquartered in Luxembourg (LU), is a prominent player in the real estate industry, specialising in residential property management and development. Founded in 2004, the company has established a strong presence across major operational regions in Germany and other European markets, focusing on enhancing urban living through innovative housing solutions. With a diverse portfolio that includes over 20,000 residential units, Grand City Properties is recognised for its commitment to quality and sustainability. The company’s unique approach combines modern design with community-focused amenities, setting it apart in a competitive market. Notable achievements include significant growth in property acquisitions and a reputation for excellence in tenant satisfaction, solidifying its position as a leader in the European real estate sector.
DitchCarbon Score
How does Grand City Properties'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
Grand City Properties's score of 42 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Grand City Properties's reported carbon emissions
In 2023, Grand City Properties reported total carbon emissions of approximately 122.2 million tonnes CO2e. This figure includes about 9.2 million tonnes from Scope 1 emissions, 21.2 million tonnes from Scope 2 emissions, and around 124.9 million tonnes from Scope 3 emissions, which primarily consist of purchased goods and services. Over the years, the company has seen fluctuations in its emissions. For instance, in 2022, total emissions were about 149.3 million tonnes CO2e, while in 2021, they reached approximately 182 million tonnes CO2e. This indicates a notable decrease in emissions from 2021 to 2023. Despite these figures, Grand City Properties has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company operates within a sector that is increasingly focused on sustainability and reducing carbon footprints, yet it currently lacks formal commitments to align with industry standards such as the Science Based Targets initiative (SBTi). Overall, while Grand City Properties has made strides in reducing its emissions over recent years, the absence of clear reduction targets suggests an opportunity for further commitment to climate action.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 2,111,000 | 0,000,000 | 000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 2 | 5,728,000 | 0,000,000 | 00,000 | 00,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000 |
| Scope 3 | 44,605,640 | 00,000,000 | 00,000,000 | 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.
Grand City Properties is not committed to any reduction initiatives 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.
