SmartCentres Real Estate Investment Trust Sustainability Profile
SmartCentres Real Estate Investment Trust (REIT), headquartered in Canada, is a leading player in the Canadian real estate sector, specialising in the development and management of retail and mixed-use properties. Founded in 2004, SmartCentres has established a robust portfolio across major urban centres, focusing on creating vibrant community spaces that cater to diverse consumer needs. The REIT is renowned for its unique approach to property development, integrating retail, residential, and office spaces to enhance community living. With a commitment to sustainability and innovation, SmartCentres has achieved significant milestones, including strategic partnerships and expansions that solidify its market position. As one of Canada's largest REITs, SmartCentres continues to set industry standards, delivering value to investors and communities alike through its comprehensive real estate solutions.
DitchCarbon Score
How does SmartCentres Real Estate Investment Trust'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
SmartCentres Real Estate Investment Trust's score of 23 is lower than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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SmartCentres Real Estate Investment Trust's reported carbon emissions
In 2024, SmartCentres Real Estate Investment Trust reported total carbon emissions of approximately 93,597,000 kg CO2e. This figure includes Scope 1 emissions of about 4,336,000 kg CO2e, Scope 2 emissions of around 2,520,000 kg CO2e, and significant Scope 3 emissions totalling approximately 86,741,000 kg CO2e. Comparatively, in 2023, the total emissions were about 52,053,000 kg CO2e, with Scope 1 at approximately 4,002,000 kg CO2e, Scope 2 at around 2,753,000 kg CO2e, and Scope 3 emissions at about 45,298,000 kg CO2e. This indicates a substantial increase in emissions from 2023 to 2024. In 2022, the total emissions were reported at approximately 10,351,000 kg CO2e, with Scope 1 emissions of about 4,829,000 kg CO2e, Scope 2 at around 3,419,000 kg CO2e, and Scope 3 emissions of approximately 2,103,000 kg CO2e. Despite the detailed emissions reporting, SmartCentres has not established specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). The organisation's climate strategy remains undefined in terms of measurable goals for emissions reduction.
How Carbon Intensive is SmartCentres Real Estate Investment Trust's Industry?
How Carbon Intensive is SmartCentres Real Estate Investment Trust's Location?
SmartCentres Real Estate Investment Trust'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.
SmartCentres Real Estate Investment Trust 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.
