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 27 is higher than 74% 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
Granite Real Estate's carbon emissions data reveals a commitment to transparency and accountability in its climate impact. In 2022, the company reported total emissions of approximately 64,846,000 kg CO2e, with emissions distributed across various scopes: 513,000 kg CO2e for Scope 1, 6,045,000 kg CO2e for Scope 2, and a significant 90,080,000 kg CO2e for Scope 3. This data indicates a stable emission profile compared to 2021, where total emissions were about 65,886,000 kg CO2e, with similar scope distributions. Granite's emissions intensity, measured as industrial annual whole-building GHG emissions, shows a notable improvement, with a reduction in Scope 1 emissions intensity from approximately 40.90 kg CO2e/ft² in 2021 to about 20.45 kg CO2e/ft² in 2022. This reflects the company's efforts to enhance operational efficiency and reduce its carbon footprint. Despite the absence of specific reduction targets or climate pledges, Granite Real Estate's ongoing commitment to monitoring and reporting its emissions demonstrates a proactive approach to climate responsibility. The company continues to engage with industry standards and practices, positioning itself as a responsible player in the real estate sector.
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| 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 participating in any of the initiatives that 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.
