Newriver Sustainability Profile
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 38 is higher than 58% 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 total emissions of approximately 24,256,000 kg CO2e, comprising 495,000 kg CO2e from Scope 1 (stationary combustion) and 3,686,000 kg CO2e from Scope 2 (location-based). The company has made significant strides in reducing its carbon footprint, achieving a 39% reduction in total Scope 1 and 2 emissions from its 2020 baseline by FY25. This positions Newriver 93% of the way towards its Science Based Targets initiative (SBTi)-approved goal of a 42% reduction by 2030. In 2023, Newriver's emissions were approximately 15,102,000 kg CO2e, with Scope 1 emissions at 431,000 kg CO2e and Scope 2 emissions at 3,253,000 kg CO2e. The company has committed to measuring and reducing its Scope 3 emissions as part of its broader climate strategy. Newriver's climate commitments include a target to achieve a 42% reduction in absolute emissions across all scopes by 2030, using 2020 as the baseline year. This commitment is aligned with the SBTi framework, which aims to limit global warming to 1.5°C. The company is actively working towards these targets, demonstrating a strong 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 | 000,000 | 000,000 |
| Scope 2 | 4,022,480 | - | 000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | 00,000,000 | 00,000,000 | - | - |
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Newriver'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.
Newriver 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.
Frequently Asked Questions
Common questions about Newriver's sustainability data and climate commitments