Palace Capital plc, a prominent player in the UK real estate investment sector, is headquartered in Great Britain. Founded in 2013, the company has rapidly established itself as a key investor and asset manager, focusing primarily on commercial properties across the UK, particularly in the North and the Midlands. Specialising in a diverse portfolio that includes retail, office, and industrial spaces, Palace Capital is recognised for its strategic approach to property management and development. The firm’s commitment to enhancing asset value through active management sets it apart in a competitive market. With a strong track record of growth and notable achievements, Palace Capital continues to solidify its position as a trusted name in the real estate industry, delivering sustainable returns for its shareholders while contributing to the revitalisation of local economies.
How does Palace Capital'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.
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.
Palace Capital's score of 23 is lower than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Palace Capital reported total carbon emissions of approximately 882,000 kg CO2e. This figure includes 1,000 kg CO2e from Scope 1 emissions, 2,000 kg CO2e from Scope 2 emissions, and a significant 879,000 kg CO2e from Scope 3 emissions. The previous year, 2022, saw total emissions of about 772,000 kg CO2e, with Scope 1 emissions at 16,000 kg CO2e, Scope 2 at 14,000 kg CO2e, and Scope 3 at 742,000 kg CO2e. Despite these figures, Palace Capital has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). The company’s emissions data is not cascaded from a parent organization, indicating that these figures are independently reported. Overall, Palace Capital's emissions profile highlights a substantial reliance on Scope 3 emissions, which typically encompass indirect emissions from the value chain, suggesting an area for potential focus in future climate commitments.
Access structured emissions data, company-specific emission factors, and source documents
2022 | 2023 | |
---|---|---|
Scope 1 | 16,000 | 0,000 |
Scope 2 | 14,000 | 0,000 |
Scope 3 | 742,000 | 000,000 |
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.
Palace Capital 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.