SmartCentres Real Estate Investment Trust
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 36 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
SmartCentres Real Estate Investment Trust's reported carbon emissions
In 2023, SmartCentres Real Estate Investment Trust reported total carbon emissions of approximately 540,000,000 kg CO2e across all scopes. This includes about 94,000,000 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and approximately 30,000,000 kg CO2e from Scope 2 emissions, representing indirect emissions from the generation of purchased electricity. Scope 3 emissions, which encompass all other indirect emissions, accounted for about 540,000,000 kg CO2e. Comparatively, in 2022, the total emissions were around 534,593,000 kg CO2e, with Scope 1 emissions at approximately 105,794,000 kg CO2e and Scope 2 emissions at about 29,040,000 kg CO2e. This indicates a slight increase in Scope 3 emissions year-on-year, while Scope 1 and Scope 2 emissions have seen reductions. Despite these figures, SmartCentres has not publicly disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented reduction strategies suggests a need for further commitment to climate action within the real estate sector. As a leading entity in the industry, SmartCentres' climate commitments will be crucial in addressing the growing concerns surrounding carbon emissions and sustainability.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 105,794,000 | 00,000,000 |
| Scope 2 | 29,040,000 | 00,000,000 |
| Scope 3 | 534,593,000 | 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.
SmartCentres Real Estate Investment Trust is not committed to any reduction initiatives 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.
