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 33 is higher than 89% 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 2023, SmartCentres Real Estate Investment Trust reported total carbon emissions of approximately 640,000,000 kg CO2e. This figure includes 94,000,000 kg CO2e from Scope 1 emissions, 30,000,000 kg CO2e from Scope 2 emissions, and a significant 540,000,000 kg CO2e from Scope 3 emissions. Comparatively, in 2022, the total emissions were about 630,000,000 kg CO2e, with Scope 1 emissions at 105,794,000 kg CO2e, Scope 2 at 29,040,000 kg CO2e, and Scope 3 at 534,593,000 kg CO2e. This indicates a slight reduction in Scope 1 emissions year-on-year, while Scope 2 emissions remained relatively stable. Despite these figures, SmartCentres has not disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of defined reduction strategies highlights a potential area for improvement in their climate commitments. Overall, SmartCentres is actively monitoring its carbon footprint across all scopes, but further commitments could enhance its sustainability profile.
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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 participating in any of the initiatives that 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.
