Redefine Properties
Redefine Properties, a leading player in the South African real estate sector, is headquartered in Johannesburg, ZA. Established in 2003, the company has made significant strides in the property investment landscape, focusing on retail, office, and industrial sectors. With a diverse portfolio that spans major urban centres, Redefine Properties is renowned for its innovative approach to property management and development. The firm distinguishes itself through its commitment to sustainability and community engagement, ensuring that its developments not only meet market demands but also enhance the environments in which they operate. As a prominent entity in the real estate investment trust (REIT) market, Redefine Properties has achieved notable recognition for its strategic acquisitions and robust financial performance, solidifying its position as a trusted name in property investment.
DitchCarbon Score
How does Redefine Properties'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
Redefine Properties's score of 20 is lower 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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Redefine Properties's reported carbon emissions
In 2022, Redefine Properties, headquartered in South Africa (ZA), reported total carbon emissions of approximately 521,942,000 kg CO2e. This figure includes Scope 1 emissions of about 4,458,000 kg CO2e, Scope 2 emissions of approximately 33,261,000 kg CO2e, and a significant contribution from Scope 3 emissions, which totalled around 484,224,000 kg CO2e. Comparatively, in 2021, the company’s total emissions were about 566,241,000 kg CO2e, indicating a reduction in emissions year-on-year. The breakdown for 2021 shows Scope 1 emissions at approximately 3,265,000 kg CO2e, Scope 2 at about 34,300,000 kg CO2e, and Scope 3 emissions at around 528,676,000 kg CO2e. Despite these reductions, Redefine Properties has not publicly committed to specific science-based targets (SBTi) or documented reduction initiatives. The absence of formal reduction targets suggests a need for further climate action commitments within the industry context. Overall, while Redefine Properties has made strides in reducing its carbon footprint, the lack of formalised climate pledges or targets indicates potential areas for improvement in their sustainability strategy.
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| 2019 | 2020 | 2021 | |
|---|---|---|---|
| Scope 1 | 3,668,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 31,494,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 678,096,000 | 000,000,000 | 000,000,000 |
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.
Redefine Properties 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.
