Growthpoint Properties
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.
DitchCarbon Score
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.
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
Growthpoint Properties's score of 47 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Growthpoint Properties's reported carbon emissions
In 2023, Growthpoint Properties reported total carbon emissions of approximately 597,970,950 kg CO2e. This figure includes 18,487,340 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 42,801,500 kg CO2e from Scope 2 emissions, related to purchased electricity. The company also recorded significant Scope 3 emissions, totalling about 536,682,110 kg CO2e, which arise from the value chain, including downstream leased assets and employee commuting. Over the years, Growthpoint has shown fluctuations in its emissions, with a notable reduction in total emissions from 834,196,420 kg CO2e in 2016 to the latest figure in 2023. However, the company has not committed to a net-zero target and has had its near-term reduction targets removed, indicating a need for clearer climate commitments moving forward. Growthpoint Properties operates within the real estate sector in South Africa and has acknowledged the importance of addressing climate change. While specific reduction targets have not been established, the company is expected to submit new targets by July 31, 2023, as part of its commitment compliance policy. This reflects an ongoing effort to enhance its sustainability practices and reduce its carbon footprint in alignment with industry standards.
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| 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 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
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.
Growthpoint Properties is committed to some 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.
