Choice Properties Sustainability Profile
Choice Properties Real Estate Investment Trust (REIT), headquartered in California, is a prominent player in the Canadian real estate sector. Founded in 2013, the company has rapidly established itself as a leader in the ownership, management, and development of retail and residential properties across major urban regions in Canada. With a diverse portfolio that includes grocery-anchored shopping centres and multi-family residential buildings, Choice Properties stands out for its strategic partnerships and commitment to sustainability. The company’s focus on high-quality assets and its innovative approach to property management have garnered significant recognition within the industry. As a key participant in the Canadian REIT market, Choice Properties has achieved notable milestones, including a robust market position and a reputation for delivering consistent returns to its investors.
DitchCarbon Score
How does Choice Properties'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
Choice Properties's score of 52 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Choice Properties's reported carbon emissions
In 2023, Choice Properties REIT reported total carbon emissions of approximately 447,600,000 kg CO2e, with Scope 1 emissions at about 5,300,000 kg CO2e, Scope 2 emissions at approximately 1,000,000 kg CO2e (market-based), and a significant contribution from Scope 3 emissions, which totalled around 441,200,000 kg CO2e. Notably, the majority of Scope 3 emissions stemmed from downstream leased assets, accounting for about 408,200,000 kg CO2e. Comparatively, in 2022, the total emissions were approximately 466,500,000 kg CO2e, indicating a slight reduction in overall emissions year-on-year. The company has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by 2050, using 2019 as the baseline year. Near-term targets include a 50% reduction in absolute Scope 1 and 2 emissions by 2030, alongside a 30% reduction in Scope 3 emissions from purchased goods and services and downstream leased assets. Long-term goals further stipulate a 90% reduction in both Scope 1 and 2 emissions by 2050, as well as a 90% reduction in Scope 3 emissions. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect the company's commitment to sustainable practices within the real estate sector.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 7,400,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 14,500,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 465,600,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Choice Properties's Industry?
How Carbon Intensive is Choice Properties's Location?
Choice Properties's Scope 3 Categories Breakdown
Choice Properties's Scope 3 emissions, which decreased by 5% last year and decreased by approximately 4% since 2020, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Downstream Leased Assets" being the largest emissions source at 97% of Scope 3 emissions.
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Choice Properties'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.
Choice Properties has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Choice Properties's sustainability data and climate commitments