Growthpoint Properties, a leading South African real estate investment trust (REIT), is headquartered in Johannesburg, ZA. Established in 1987, the company has grown to become a prominent player in the property sector, focusing on the acquisition, development, and management of a diverse portfolio of commercial, retail, and industrial properties across South Africa and beyond. With a commitment to sustainability and innovation, Growthpoint Properties offers unique services that enhance tenant experiences and property value. The company is recognised for its strategic investments and has achieved notable milestones, including being the first South African REIT to be listed on the JSE. As a market leader, Growthpoint continues to set benchmarks in the industry, driving growth and delivering exceptional returns for its stakeholders.
How does Growthpoint Properties'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.
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.
Growthpoint Properties's score of 51 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2024, Growthpoint Properties reported total carbon emissions of approximately 573,840,600 kg CO2e. This includes Scope 1 emissions of about 18,521,110 kg CO2e, primarily from stationary combustion, and Scope 2 emissions of approximately 45,034,760 kg CO2e, all from purchased electricity. The company’s Scope 3 emissions were significant, totalling around 510,284,730 kg CO2e, with downstream leased assets contributing the largest share at about 495,746,070 kg CO2e. In comparison, the 2023 emissions data indicated a total of approximately 597,970,960 kg CO2e, with Scope 1 emissions at about 18,487,340 kg CO2e and Scope 2 emissions at approximately 42,801,500 kg CO2e. Scope 3 emissions for that year were around 536,682,110 kg CO2e. Growthpoint Properties has set ambitious climate commitments, aiming to produce 20 MWp of solar power within its property portfolio by FY25, which will impact both Scope 1 and Scope 2 emissions. Additionally, the company targets achieving 40% of its electricity consumption from renewable sources by the end of FY28 and plans to have 20 net zero certified buildings by FY28. Furthermore, they aspire for 100% certification of all long-term hold office buildings by 2050. The company is not currently committed to net zero but has expressed intentions to submit reduction targets to the Science Based Targets initiative (SBTi) by July 31, 2023. Growthpoint Properties operates within the real estate sector in South Africa and is focused on enhancing its sustainability practices while addressing its carbon footprint.
Access structured emissions data, company-specific emission factors, and source documents
| 2015 | 2016 | 2017 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 
| Scope 2 | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 
| Scope 3 | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 
Growthpoint Properties's Scope 3 emissions, which decreased by 5% last year and decreased by approximately 22% since 2020, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Downstream Leased Assets" being the largest emissions source at 97% of Scope 3 emissions.
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.
Growthpoint Properties 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.
