Choice Properties
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 49 is higher than 72% 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. 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 within the same timeframe. Long-term goals further stipulate a 90% reduction in both Scope 1 and 2 emissions and Scope 3 emissions by 2050. Choice Properties' reduction initiatives are aligned with the Science Based Targets initiative (SBTi), ensuring that their targets are consistent with the necessary reductions to limit global warming to 1.5°C. The company’s commitment to sustainability is reflected in its operational strategies and ongoing efforts to mitigate its carbon footprint.
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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 |
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.
Choice Properties is participating in some 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.
