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Riocan Real Estate Investment Trust, commonly known as Riocan, is a leading player in the Canadian real estate services industry, headquartered in Toronto, Ontario. Founded in 1993, the company has established itself as a prominent owner and manager of retail and mixed-use properties across major urban centres in Canada.
Specialising in the acquisition, development, and management of retail spaces, Riocan's portfolio includes a diverse range of shopping centres and commercial properties. The company is recognised for its strategic focus on high-traffic locations, which enhances its market position and appeal to tenants. With a commitment to sustainability and community engagement, Riocan continues to achieve notable milestones, solidifying its reputation as a trusted name in real estate services.
21
DitchCarbon score
-8 vs industry average
Riocan’s score of 21 is lower than 38% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
High
Real Estate Services has above-average carbon intensity
Industry performance
0.221
20182025
The Real Estate Services industry has reduced its overall emissions by 17% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Riocan's reported carbon emissions
RioCan, a Canadian real estate services company, reported Scope 1 emissions of approximately 8,275,000 kg CO2e and Scope 2 market-based emissions of approximately 4,691,000 kg CO2e in 2025. In 2024, their Scope 1 emissions were about 7,128,000 kg CO2e and Scope 2 market-based emissions were approximately 2,972,000 kg CO2e. For 2021, the company disclosed total emissions of roughly 10,991,000 kg CO2e, comprising about 7,761,000 kg CO2e from Scope 1 and 3,230,000 kg CO2e from Scope 2. In 2020, total emissions were around 12,753,000 kg CO2e, with Scope 1 at approximately 10,560,000 kg CO2e and Scope 2 at about 2,193,000 kg CO2e. Data for 2017, 2018, and 2019 did not include disclosed emissions totals.
RioCan is committed to achieving net-zero GHG emissions across its entire value chain by 2050. The company also aims to reduce its Scope 3 emissions from capital goods (new developments) by 55.0% on an intensity basis (tCO2e/square foot) by 2030, using 2019 as a baseline year.
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Riocan’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Not active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Riocan29 days ago
21
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Frequently asked questions
Common questions about Riocan’s sustainability data and climate commitments
Usage policy
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