Redefine Properties Sustainability Profile
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 24 is lower than 52% 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 2024, Redefine Properties, headquartered in South Africa (ZA), reported total carbon emissions of approximately 596,952,000 kg CO2e. This figure includes 10,659,000 kg CO2e from Scope 1 emissions, 19,500,000 kg CO2e from Scope 2 emissions, and a significant 566,714,000 kg CO2e from Scope 3 emissions. Comparatively, in 2023, the company recorded total emissions of about 540,952,000 kg CO2e, with Scope 1 emissions at 20,937,000 kg CO2e, Scope 2 at 28,146,000 kg CO2e, and Scope 3 at 491,869,000 kg CO2e. This indicates a slight increase in total emissions year-on-year. Redefine Properties has not publicly disclosed specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. The absence of documented reduction targets suggests a need for further commitment to climate action within the industry context. Overall, Redefine Properties' emissions data reflects a substantial reliance on Scope 3 emissions, which typically encompass indirect emissions from the value chain, highlighting an area for potential improvement in their sustainability strategy.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 3,668,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 |
| Scope 2 | 31,494,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 678,096,000 | 000,000,000 | 000,000,000 | 000,000,000 | - |
How Carbon Intensive is Redefine Properties's Industry?
How Carbon Intensive is Redefine Properties's Location?
Redefine Properties'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.
Redefine Properties 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.
