Public Profile

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.

42

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.

30

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.

84%

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.

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Add to project
20162017201820192020202120222023
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Grand City Properties's primary industry is Real estate services (70), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. Grand City Properties is headquartered in LU, which has a rank of very low, indicating very low grid carbon 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.

SBTi
CDP
The Climate Pledge
UN Global Compact
Carbon Disclosure Project
The Climate Pledge
UN Global Compact

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers