Granite Real Estate
Granite Real Estate Investment Trust, commonly referred to as Granite REIT, is a prominent player in the real estate industry, headquartered in California. Founded in 2003, the company has established a strong presence in North America and Europe, focusing on the acquisition, development, and management of industrial properties. Granite REIT is distinguished by its commitment to high-quality, strategically located assets, primarily in logistics and distribution sectors. The company’s portfolio includes a diverse range of properties that cater to the evolving needs of tenants, ensuring long-term value and sustainability. With a reputation for operational excellence and a robust market position, Granite REIT has achieved significant milestones, including consistent growth in its asset base and a strong track record of delivering shareholder returns.
DitchCarbon Score
How does Granite Real Estate'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
Granite Real Estate's score of 13 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Granite Real Estate's reported carbon emissions
In 2023, Granite Real Estate reported total carbon emissions of approximately 437.5 kg CO2e, with emissions distributed across various scopes: 3,171 kg CO2e from Scope 1, 9,846 kg CO2e from Scope 2, and 67.7 kg CO2e from Scope 3. This marks a significant increase in emissions compared to previous years, with 2022 emissions at 227.5 kg CO2e, 2021 at 161.7 kg CO2e, and 2020 at 36.4 kg CO2e. Granite Real Estate has disclosed emissions data for all three scopes, indicating a comprehensive approach to tracking their carbon footprint. However, there are currently no specific reduction targets or initiatives outlined in their climate commitments. The absence of documented reduction targets suggests that while the company is monitoring its emissions, it may not yet have formalised strategies for significant reductions in line with industry standards. Overall, Granite Real Estate's emissions data reflects a growing concern for climate impact, but the lack of defined reduction goals highlights an area for potential improvement in their sustainability strategy.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 2,397 | 0,000 | 0,000 | 0,000 |
| Scope 2 | 20.6 | 00.0 | 0,000 | 0,000 |
| Scope 3 | 2.3 | 00.0 | 00.0 | 00.0 |
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.
Granite Real Estate 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.
