Liberty Two Degrees Degrees Sustainability Profile
Liberty Two Degrees (L2D), headquartered in South Africa (ZA), is a prominent player in the real estate investment sector, focusing on retail and commercial properties. Established in 2016, the company has quickly made a name for itself by managing a diverse portfolio of high-quality assets in key urban locations across South Africa. L2D is renowned for its innovative approach to property management and development, emphasising sustainability and community engagement. The company’s flagship assets include iconic shopping centres and mixed-use developments, which are designed to enhance customer experiences while driving long-term value. With a commitment to excellence, Liberty Two Degrees has achieved significant milestones, positioning itself as a leader in the South African property market. Its strategic focus on premium locations and tenant relationships sets it apart in a competitive landscape.
DitchCarbon Score
How does Liberty Two Degrees Degrees'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
Liberty Two Degrees Degrees's score of 49 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Liberty Two Degrees Degrees's reported carbon emissions
In 2023, Liberty Two Degrees reported total carbon emissions of approximately 75,330,000 kg CO2e across all scopes. This includes 7,533,000 kg CO2e from Scope 1 emissions, primarily from stationary combustion, and 51,325,000 kg CO2e from Scope 2 emissions related to purchased electricity. Notably, Scope 3 emissions, which encompass waste generated in operations, accounted for a significant 87,166,000 kg CO2e. Liberty Two Degrees has set ambitious climate commitments, aiming for a 50% reduction in Scope 1 and Scope 2 greenhouse gas emissions by 2030, using 2018 as the baseline year. Furthermore, the company is committed to achieving net-zero emissions across all scopes by 2050, with a target to eliminate 100% of emissions from Scope 1, 2, and 3 by the same year. These targets are part of a broader strategy aligned with the Science Based Targets initiative (SBTi), which has validated their near-term and long-term goals. The company is also focused on reducing its water usage and enhancing sustainability practices in its operations, including the implementation of rainwater harvesting and greywater systems. Liberty Two Degrees operates as a current subsidiary of Liberty Two Degrees Limited, which provides the framework for its emissions data and climate initiatives.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 1,821,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 29,744,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 149,355,000 | 000,000,000 | 00,000,000 | 000,000,000 | 00,000,000 |
How Carbon Intensive is Liberty Two Degrees Degrees's Industry?
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Liberty Two Degrees Degrees's Scope 3 Categories Breakdown
Liberty Two Degrees Degrees's Scope 3 emissions, which decreased by 15% last year and decreased by approximately 42% since 2019, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 60% of total emissions under the GHG Protocol, with "Waste Generated in Operations" representing nearly all of their reported Scope 3 footprint.
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Liberty Two Degrees Degrees'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.
Liberty Two Degrees Degrees has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
