Grand City Properties
Grand City Properties, a leading real estate investment and management firm, is headquartered in Luxembourg (LU) and operates extensively across Germany. Founded in 2004, the company has established itself as a key player in the residential property sector, focusing on the acquisition, development, and management of residential real estate. With a diverse portfolio that includes over 50,000 residential units, Grand City Properties is renowned for its commitment to quality and sustainability. The firm’s unique approach combines strategic asset management with a strong emphasis on tenant satisfaction, setting it apart in a competitive market. Recognised for its robust growth and innovative practices, Grand City Properties continues to strengthen its market position, making significant contributions to urban development and community enhancement across its operational regions.
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 35 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Grand City Properties's reported carbon emissions
In 2023, Grand City Properties, headquartered in Luxembourg (LU), reported total carbon emissions of approximately 122,245,000 kg CO2e. This figure includes 9,235,000 kg CO2e from Scope 1 emissions and 972,000 kg CO2e from Scope 2 emissions (market-based). The company has disclosed emissions data for Scope 1 and Scope 2 but has not reported any Scope 3 emissions. Comparatively, in 2022, the total emissions were about 62,253,393 kg CO2e, with Scope 1 emissions at 10,787,000 kg CO2e and Scope 2 emissions (location-based) at 23,039,000 kg CO2e. In 2021, the total emissions peaked at approximately 170,786,000 kg CO2e, which included 11,798,000 kg CO2e from Scope 1, 17,688,000 kg CO2e from Scope 2, and 141,300,000 kg CO2e from Scope 3. Despite the significant emissions reported, Grand City Properties has not established specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to initiatives such as the Science Based Targets initiative (SBTi). The emissions data is cascaded from its parent company, Grand City Properties S.A., and is influenced by the corporate family relationship with Aroundtown SA, which provides additional context for their emissions performance. Overall, while Grand City Properties has made strides in reporting its emissions, the lack of defined reduction targets highlights an area for potential improvement in their climate commitments.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 190,000 | 0,000 | 0,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 2 | 74,260 | 00,000 | 0,000,000 | 00,000,000 | 00,000,000 | 000,000 |
| Scope 3 | - | - | 00,000,000 | 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 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.
