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 84% 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 96,638,000 kg CO2e. This figure includes 513,000 kg CO2e from Scope 1 emissions, 6,045,000 kg CO2e from Scope 2 emissions, and a significant 90,080,000 kg CO2e from Scope 3 emissions. The company has disclosed emissions data for all three scopes, demonstrating transparency in its climate impact. Comparatively, in 2021, Granite's total emissions were about 78,740,000 kg CO2e, with Scope 1 emissions at 459,000 kg CO2e, Scope 2 at 5,794,000 kg CO2e, and Scope 3 at 72,485,000 kg CO2e. This indicates an increase in total emissions year-on-year, primarily driven by Scope 3 emissions. Granite Real Estate has not set specific reduction targets or climate pledges, which may limit its ability to demonstrate a proactive approach to mitigating climate change. The absence of documented reduction initiatives suggests that the company may need to enhance its climate commitments to align with industry standards and expectations.
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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 |
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.
