Plaza Retail Reit Sustainability Profile
Plaza Retail REIT, headquartered in Canada, is a prominent player in the real estate investment trust (REIT) sector, specialising in the ownership, management, and development of retail properties. Founded in 2003, the company has established a strong presence across major Canadian markets, focusing on grocery-anchored shopping centres and standalone retail locations. With a diverse portfolio that includes both urban and suburban properties, Plaza Retail REIT distinguishes itself through its commitment to high-quality assets and strategic tenant relationships. The company has achieved notable milestones, including consistent growth in its distribution and a robust occupancy rate, positioning it as a leader in the Canadian retail real estate landscape. Plaza Retail REIT continues to adapt to market trends, ensuring its offerings meet the evolving needs of consumers and retailers alike.
DitchCarbon Score
How does Plaza Retail Reit'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
Plaza Retail Reit's score of 22 is lower than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Plaza Retail Reit's reported carbon emissions
In 2023, Plaza Retail REIT reported total carbon emissions of approximately 3,111,000 kg CO2e in Canada. This figure includes 480,000 kg CO2e from Scope 1 emissions, 1,678,000 kg CO2e from Scope 2 emissions, and 953,000 kg CO2e from Scope 3 emissions. The total emissions reflect a decrease from 2022, when emissions were about 3,403,000 kg CO2e, indicating a positive trend in their climate impact. Plaza Retail REIT has not set specific reduction targets or initiatives as part of their climate commitments, nor do they participate in the Science Based Targets initiative (SBTi). Their emissions data is independently reported and not cascaded from a parent organization, ensuring transparency in their environmental performance. The company’s energy intensity is reported at 29.6 kWh/sqft, which provides insight into their operational efficiency. As they continue to monitor and report their emissions, Plaza Retail REIT demonstrates a commitment to understanding and managing their carbon footprint within the retail real estate sector.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 404,000 | 000,000 | 000,000 |
| Scope 2 | - | - | - |
| Scope 3 | 815,000 | 000,000 | 0,000,000 |
How Carbon Intensive is Plaza Retail Reit's Industry?
How Carbon Intensive is Plaza Retail Reit's Location?
Plaza Retail Reit'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.
Plaza Retail Reit has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
