Newriver
Newriver, officially known as Newriver REIT plc, is a prominent player in the UK real estate investment trust sector, headquartered in Great Britain. Founded in 2016, the company has rapidly established itself as a leader in the retail and leisure property markets, focusing on community shopping centres and convenience-led retail assets across the UK. With a commitment to enhancing the value of its portfolio, Newriver offers a unique blend of property management and development services, ensuring that its assets meet the evolving needs of consumers and tenants alike. The company has achieved significant milestones, including strategic acquisitions and successful asset repositioning, which have solidified its market position. Newriver's innovative approach to property investment and management sets it apart, making it a key player in the ever-changing landscape of the UK retail property industry.
DitchCarbon Score
How does Newriver'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
Newriver's score of 26 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Newriver's reported carbon emissions
In 2024, Newriver reported Scope 2 emissions of approximately 3,686,000 kg CO2e, a slight increase from about 3,253,000 kg CO2e in 2023. The company has set ambitious climate commitments, aiming for a 42% reduction in absolute greenhouse gas emissions across all scopes by 2030, using 2020 as the baseline year. This target includes a focus on both Scope 1 and Scope 2 emissions, which are critical for their operational footprint. Newriver's emissions data from 2021 indicates a total of approximately 34,423,000 kg CO2e, with Scope 1 emissions at about 2,279,000 kg CO2e, Scope 2 emissions at approximately 3,446,000 kg CO2e, and significant Scope 3 emissions of about 28,699,000 kg CO2e. The company is committed to measuring and reducing its Scope 3 emissions as part of its broader sustainability strategy. Newriver's targets align with the Science Based Targets initiative (SBTi), ensuring that their reduction goals are consistent with the global aim to limit warming to 1.5°C. The company is actively working towards these targets, demonstrating a commitment to sustainability and climate action within the real estate sector.
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| 2019 | 2020 | 2021 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | - | 0,000,000 | 0,000,000 | - | - |
| Scope 2 | 4,022,480 | - | 000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | 00,000,000 | 00,000,000 | - | - |
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.
Newriver is participating in some of the initiatives that 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.
