Grand City Properties

Grand City Properties, headquartered in Luxembourg and operating in real estate services (70), has set ambitious climate targets. The company aims to reduce its CO2 emissions by 40% by 2030, using 2019 as its baseline.

Carbon Emissions Data:

In the reporting year 2024, Grand City Properties reported total emissions of approximately 130.8 million kg CO2e. This included Scope 1 emissions of about 8.3 million kg CO2e and Scope 2 emissions of approximately 13.6 million kg CO2e (market-based). Scope 3 emissions were reported at approximately 74.4 million kg CO2e.

For the 2023 reporting year, total emissions were approximately 128.5 million kg CO2e, comprising Scope 1 emissions of around 7.8 million kg CO2e and Scope 2 emissions of roughly 10.7 million kg CO2e (market-based). Scope 3 data was not disclosed for this period.

In 2022, Scope 1 emissions were approximately 10.8 million kg CO2e, and Scope 2 emissions were around 23.0 million kg CO2e (location-based). Scope 3 data was not disclosed.

For 2021, total emissions reached approximately 170.8 million kg CO2e. This figure was broken down into Scope 1 emissions of about 11.8 million kg CO2e, Scope 2 emissions of approximately 17.7 million kg CO2e, and Scope 3 emissions of around 141.3 million kg CO2e.

In 2020, total emissions were approximately 93.2 million kg CO2e, with Scope 1 at about 6.8 million kg CO2e, Scope 2 at around 8.4 million kg CO2e, and Scope 3 at approximately 78.0 million kg CO2e.

Climate Commitments and Reduction Initiatives:

Grand City Properties is committed to reducing its environmental impact. The company has established a near-term reduction target of 40% in CO2 emissions by 2030, referencing its 2019 emissions as a baseline. This target encompasses all scopes of emissions.

It's noted that Grand City Properties is a current subsidiary, and its emissions data is cascaded from Grand City Properties S.A. Their CDP data originates from Aroundtown SA.