Whitestone REIT Sustainability Profile
Whitestone REIT, officially known as Whitestone Real Estate Investment Trust, is a prominent player in the real estate investment sector, headquartered in the United States. Founded in 2007, the company has established a strong presence in key operational regions, focusing primarily on the acquisition, development, and management of retail and mixed-use properties. Specialising in community-centric shopping centres, Whitestone REIT distinguishes itself through its commitment to enhancing local economies and fostering tenant relationships. The company’s portfolio features a diverse range of properties that cater to essential services and lifestyle needs, positioning it favourably within the market. With a reputation for quality and innovation, Whitestone REIT continues to achieve notable milestones, solidifying its status as a leader in the retail real estate industry.
DitchCarbon Score
How does Whitestone REIT'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
Whitestone REIT's score of 20 is lower than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Whitestone REIT's reported carbon emissions
In 2022, Whitestone REIT reported total carbon emissions of approximately 3,000,000 kg CO2e from Scope 1 and Scope 2 sources, alongside about 3,418,000 kg CO2e from Scope 3 emissions related to downstream leased assets. Specifically, their Scope 1 emissions were about 19,000 kg CO2e, while Scope 2 emissions amounted to approximately 3,003,000 kg CO2e. Comparatively, in 2021, the company recorded about 21,000 kg CO2e in Scope 1 emissions, approximately 3,115,000 kg CO2e in Scope 2 emissions, and around 3,514,000 kg CO2e in Scope 3 emissions. This indicates a slight reduction in Scope 1 emissions and a decrease in Scope 2 emissions from 2021 to 2022. Whitestone REIT has not established specific reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of formal reduction initiatives suggests a need for further development in their climate strategy. The data presented is not cascaded from any parent organization, indicating that these figures are solely representative of Whitestone REIT's own emissions profile.
How Carbon Intensive is Whitestone REIT's Industry?
How Carbon Intensive is Whitestone REIT's Location?
Whitestone REIT's Scope 3 Categories Breakdown
Whitestone REIT's Scope 3 emissions, which decreased by 3% last year and decreased by approximately 3% since 2021, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 53% of total emissions under the GHG Protocol, with "Downstream Leased Assets" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Whitestone REIT'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.
Whitestone REIT 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.
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