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 64 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Newriver's reported carbon emissions
In 2023, New River REIT plc reported total carbon emissions of approximately 27,650,800 kg CO2e, comprising 718,400 kg CO2e from Scope 1, 2,029,200 kg CO2e from Scope 2, and 24,903,200 kg CO2e from Scope 3 emissions. This represents a significant commitment to reducing their carbon footprint, with a target to decrease Scope 1 and Scope 2 greenhouse gas emissions by 42% by 2030, using 2020 as the baseline year. The company has set these targets through the Science Based Targets initiative (SBTi), ensuring alignment with the global goal of limiting temperature rise to 1.5°C. New River REIT is also focused on measuring and reducing its Scope 3 emissions, which are often the most challenging to address. In previous years, emissions were recorded at 28,939,630 kg CO2e in 2021 and 29,487,820 kg CO2e in 2022, indicating a commitment to transparency and continuous improvement in their environmental performance. New River's initiatives reflect a proactive approach to sustainability within the real estate sector, demonstrating their dedication to addressing climate change and reducing their overall environmental impact.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | 0,000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 4,022,480 | - | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | 00,000,000 | 00,000,000 | 00,000,000 | 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 committed to some reduction initiatives 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.
