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 39 is higher than 61% 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 carbon emissions of approximately 24,000,000 kg CO2e, comprising 495,400 kg CO2e from Scope 1, 1,701,500 kg CO2e from Scope 2, and about 22,059,500 kg CO2e from Scope 3 emissions. This reflects a significant commitment to reducing their carbon footprint, with a target to achieve a 42% reduction in absolute emissions by 2030 from a 2020 baseline. As of FY25, Newriver has already achieved a 39% reduction in total Scope 1 and 2 emissions, indicating they are on track to meet their Science Based Targets initiative (SBTi) approved goals. In 2023, Newriver's emissions were reported at approximately 18,233,000 kg CO2e, with Scope 1 emissions at 557,000 kg CO2e and Scope 2 emissions at about 2,502,000 kg CO2e. The company has demonstrated a proactive approach to climate commitments, focusing on measuring and reducing emissions across all scopes, particularly Scope 1 and 2, which are critical for their operational impact. Newriver's climate strategy is aligned with industry standards, aiming for substantial reductions in greenhouse gas emissions while maintaining transparency in their reporting. The company is committed to continuous improvement in sustainability practices, reflecting a strong dedication to environmental stewardship 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 | - | 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.
