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.
-6 vs industry average
Riocan’s score of 23 is lower than 40% 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
Real Estate Services has above-average carbon intensity
Industry performance
The Real Estate Services industry has reduced its overall emissions by 17% since 2018
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Riocan's reported carbon emissions
RioCan, a Canadian real estate services company headquartered in CA, has reported its carbon emissions for several years. For the reporting year 2025, RioCan reported a total of approximately 12.97 million kg CO2e from Scope 1 and Scope 2 emissions. This comprised about 8.28 million kg CO2e for Scope 1 and approximately 4.69 million kg CO2e for Scope 2 (market-based).
In the preceding year, 2024, RioCan's Scope 1 and 2 emissions totalled approximately 10.10 million kg CO2e. This included around 7.13 million kg CO2e for Scope 1 and approximately 2.97 million kg CO2e for Scope 2 (market-based).
Earlier data shows Scope 1 and 2 emissions of approximately 10.99 million kg CO2e in 2021, with Scope 1 at about 7.76 million kg CO2e and Scope 2 at approximately 3.23 million kg CO2e. In 2020, total Scope 1 and 2 emissions were approximately 12.75 million kg CO2e, with Scope 1 accounting for about 10.56 million kg CO2e and Scope 2 for approximately 2.19 million kg CO2e. RioCan has not disclosed Scope 3 emissions data for these years.
RioCan has set a long-term commitment to reach net-zero greenhouse gas emissions across its value chain by 2050. Furthermore, for near-term targets, the company aims to reduce its Scope 3 emissions from capital goods, specifically new developments, by 55.0% on an intensity basis (kg CO2e per square foot) by 2030, using 2019 as the base year.
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Riocan’s Climate Goals (2030 & 2050)
2 goals2050
Reach net-zero GHG emissions across the value chain by 2050
Reach net-zero GHG emissions across the value chain by 2050.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives

Science Based Targets Initiative

Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Common questions about Riocan’s sustainability data and climate commitments
Data year: 2021
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