Granite Real Estate Sustainability Profile
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 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Granite Real Estate's reported carbon emissions
In 2022, Granite Real Estate reported total carbon emissions of approximately 96.6 million kg CO2e. This figure includes Scope 1 emissions of about 513,000 kg CO2e, Scope 2 emissions of approximately 6.0 million kg CO2e, and Scope 3 emissions amounting to around 90.1 million kg CO2e. The company has disclosed emissions data for all three scopes, demonstrating a comprehensive approach to carbon accounting. Comparatively, in 2021, Granite Real Estate's total emissions were approximately 78.7 million kg CO2e, with Scope 1 emissions at about 459,000 kg CO2e, Scope 2 at approximately 5.8 million kg CO2e, and Scope 3 emissions reaching around 72.5 million kg CO2e. This indicates an increase in total emissions from 2021 to 2022. Granite Real Estate has not set specific reduction targets or initiatives as part of its climate commitments, nor does it appear to have cascaded data from a parent organization. The absence of documented reduction initiatives suggests that the company may be in the early stages of developing a comprehensive climate strategy. Overall, Granite Real Estate's emissions data reflects its operational impact, and the lack of reduction targets highlights an opportunity for the company to enhance its climate commitments moving forward.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 459,000 | 000,000 |
| Scope 2 | 5,794,000 | 0,000,000 |
| Scope 3 | 72,485,000 | 00,000,000 |
How Carbon Intensive is Granite Real Estate's Industry?
How Carbon Intensive is Granite Real Estate's Location?
Granite Real Estate'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.
Granite Real Estate 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.
