H&R REIT Sustainability Profile
H&R REIT, officially known as H&R Real Estate Investment Trust, is a prominent player in the Canadian real estate sector, headquartered in Calgary, Alberta. Founded in 1996, the REIT has established a strong presence across major operational regions, including Canada and the United States, focusing on diversified property investments. Specialising in retail, office, and industrial properties, H&R REIT distinguishes itself through its strategic acquisitions and management of high-quality assets. The company has achieved significant milestones, including a robust portfolio that reflects its commitment to sustainable growth and innovation in the real estate market. With a reputation for reliability and performance, H&R REIT continues to solidify its market position, making it a noteworthy entity in the real estate investment landscape.
DitchCarbon Score
How does H&R REIT'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
H&R REIT's score of 38 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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H&R REIT's reported carbon emissions
In 2022, H&R REIT reported total carbon emissions of approximately 78.0 million kg CO2e, comprising 10,650,000 kg CO2e from Scope 1, 15,427,000 kg CO2e from Scope 2, and 52,849,000 kg CO2e from Scope 3 emissions. This data reflects a significant commitment to sustainability, with the company aiming to reduce its Scope 1 and Scope 2 emissions to near zero by the end of 2025. In 2021, H&R REIT's emissions were approximately 91.1 million kg CO2e, with Scope 1 emissions at 26,029,000 kg CO2e, Scope 2 emissions at about 46,972,000 kg CO2e, and Scope 3 emissions at 2,049,000 kg CO2e. The company has set a target for a 30% reduction in absolute Scope 1 and Scope 2 emissions by 2030, using 2019 as the baseline year. H&R REIT's climate commitments are robust, focusing on achieving net-zero emissions in the near term for both Scope 1 and Scope 2 by 2025, alongside a longer-term goal of reducing emissions by 30% by 2030. These initiatives demonstrate H&R REIT's proactive approach to addressing climate change and its impact on the real estate sector.
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| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Scope 1 | 41,570,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | 00,000,000 | 00,000,000 |
How Carbon Intensive is H&R REIT's Industry?
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H&R REIT's Scope 3 Categories Breakdown
H&R REIT's Scope 3 emissions, which increased by 131% last year and increased by approximately 131% since 2021, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 67% of total emissions under the GHG Protocol, with "Downstream Leased Assets" being the largest emissions source at 98% of Scope 3 emissions.
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H&R REIT's Climate Goals (2030 & 2050)
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.
H&R REIT 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.
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