Grand City Properties Sustainability Profile
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 56% 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 shown a significant reduction in emissions compared to previous years, with total emissions decreasing from about 170,786,000 kg CO2e in 2021, which included 11,798,000 kg CO2e from Scope 1 and 17,688,000 kg CO2e from Scope 2. Grand City Properties has not disclosed any Scope 3 emissions data for 2023, but in 2021, Scope 3 emissions were reported at 141,300,000 kg CO2e. The company has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, indicating a potential area for future commitment. The emissions data for Grand City Properties 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. The company continues to focus on improving its sustainability practices, although specific reduction initiatives have not been detailed.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 10,129,050 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 2 | 39,797,510 | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 000,000 |
| Scope 3 | - | - | 00,000,000 | 000,000,000 | - | - |
How Carbon Intensive is Grand City Properties's Industry?
How Carbon Intensive is Grand City Properties's Location?
Grand City Properties'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.
Grand City Properties 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.
