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.
+1 vs industry average
H&R REIT’s score of 29 is lower than 47% 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
Real Estate Services has above-average carbon intensity
Industry performance
The Real Estate Services industry has reduced its overall emissions by 42% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
H&R REIT's reported carbon emissions
H&R REIT, a real estate services company headquartered in CA, has reported its carbon emissions across various scopes. In 2024, H&R REIT's total emissions were approximately 208.3 million kg CO2e. This figure comprises Scope 1 emissions of about 10.1 million kg CO2e, Scope 2 emissions (market-based) of approximately 15.9 million kg CO2e, and Scope 3 emissions totalling around 172.4 million kg CO2e. For 2023, the company reported total emissions of approximately 92.0 million kg CO2e. This included Scope 1 emissions of about 9.1 million kg CO2e, Scope 2 emissions (market-based) of approximately 15.9 million kg CO2e, and Scope 3 emissions of about 67.3 million kg CO2e. In 2022, H&R REIT's total emissions were approximately 78.9 million kg CO2e, with Scope 1 at about 10.7 million kg CO2e, Scope 2 at approximately 15.4 million kg CO2e, and Scope 3 at about 52.8 million kg CO2e. Looking back to 2021, the total reported emissions were approximately 99.1 million kg CO2e. This encompassed Scope 1 emissions of about 26.8 million kg CO2e, Scope 2 emissions (market-based) of approximately 51.8 million kg CO2e, and Scope 3 emissions of about 22.9 million kg CO2e. H&R REIT has established significant climate commitments. The company aims to reduce its Scope 1 emissions to near zero by the end of 2025, and similarly targets near-zero Scope 2 emissions by the same date. Additionally, H&R REIT is committed to a 30% reduction in absolute Scope 1 and Scope 2 emissions by 2030, using 2019 as a baseline.
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H&R REIT’s Climate Goals (2030 & 2050)
4 goals2030
30% reduction in Scope 1
We aim for a 30% reduction in absolute Scope 1 emissions by 2030 from a 2019 baseline.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 4 climate goals
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Scope 3 top emissions categories
2 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives

Science Based Targets Initiative

Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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