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 lower than 57% 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 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 shown a significant reduction in emissions compared to previous years, with total emissions decreasing from 170,786,000 kg CO2e in 2021. In 2022, the emissions were reported at 23,000,000 kg CO2e for Scope 2 (location-based) and 10,787,000 kg CO2e for Scope 1. The data indicates a commitment to reducing carbon footprints, although specific reduction targets or initiatives have not been disclosed. Grand City Properties operates as a current subsidiary of Grand City Properties S.A., with emissions data cascaded from this parent organization. The company does not currently report on Scope 3 emissions, which encompass indirect emissions in the value chain. Overall, while Grand City Properties has made strides in reducing its carbon emissions, further transparency regarding specific climate commitments and reduction targets would enhance its sustainability profile.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 2,111,000 | 0,000,000 | 000,000 | 0,000 | 0,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 2 | 5,728,000 | 0,000,000 | 00,000 | 00,000 | 0,000,000 | 00,000,000 | 00,000,000 | 000,000 |
| Scope 3 | 44,605,640 | 00,000,000 | - | - | 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.
