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H&R REIT, also known as H&R Real Estate Investment Trust, is a prominent player in the real estate services industry, headquartered in Canada. Established in 2006, the REIT has made significant strides in the market, focusing on the acquisition, development, and management of a diverse portfolio of properties across major Canadian and U.S. regions.
Specialising in retail, office, and industrial properties, H&R REIT distinguishes itself through its strategic asset management and commitment to sustainability. The company has achieved notable milestones, including a robust market position as one of Canada's largest REITs, recognised for its innovative approach to real estate investment. With a strong emphasis on delivering value to its unitholders, H&R REIT continues to shape the landscape of real estate services in North America.
28
DitchCarbon score
-1 vs industry average
H&R REIT’s score of 28 is lower than 45% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
High
Real Estate Services has above-average carbon intensity
Industry performance
0.221
20182025
The Real Estate Services industry has reduced its overall emissions by 17% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
H&R REIT's reported carbon emissions
H&R REIT, a Canadian real estate services company, reported total market-based Scope 1, 2, and 3 emissions of approximately 198.5 million kg CO2e in 2024. This included about 10.1 million kg CO2e from Scope 1, 15.9 million kg CO2e from Scope 2 (market-based), and 172.4 million kg CO2e from Scope 3 emissions, with upstream leased assets contributing 32.8 million kg CO2e and waste generated in operations at 1.7 million kg CO2e.
In 2023, the company's total Scope 1, 2, and 3 emissions were approximately 92.3 million kg CO2e, comprising around 9.1 million kg CO2e from Scope 1, 15.9 million kg CO2e from Scope 2 (market-based), and 67.3 million kg CO2e from Scope 3.
H&R REIT has established several climate commitments. The company aims to achieve near-zero Scope 1 and Scope 2 emissions by the end of 2025. Additionally, it targets a 30% reduction in absolute Scope 1 emissions and a 30% reduction in absolute Scope 2 emissions by 2030, using a 2019 baseline.
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H&R REIT’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
2 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Not active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
H&R REIT11 months ago
28
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