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 30 is higher than 81% 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 2022, Granite Real Estate reported total carbon emissions of approximately 64,846,000 kg CO2e, with emissions distributed across various scopes: 513,000 kg CO2e from Scope 1, 6,045,000 kg CO2e from Scope 2, and a significant 90,080,000 kg CO2e from Scope 3. This data indicates a slight decrease in total emissions compared to 2021, where total emissions were about 65,886,000 kg CO2e. Granite's emissions intensity for Scope 1 in 2022 was approximately 20.45 kg CO2e per square foot, reflecting their ongoing efforts to manage and reduce their carbon footprint. However, the company has not disclosed specific reduction targets or initiatives aimed at achieving further emissions reductions. Granite Real Estate's climate commitments remain vague, as there are no documented reduction targets or pledges to align with science-based targets. The company continues to operate within the context of the real estate industry, which is increasingly focused on sustainability and reducing greenhouse gas emissions.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 513,000 | 000,000 |
| Scope 2 | 6,045,000 | 0,000,000 |
| Scope 3 | 90,080,000 | 00,000,000 |
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.
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.
