Redefine Properties Sustainability Profile
Redefine Properties, a leading player in the South African real estate sector, is headquartered in Johannesburg, ZA. Established in 2003, the company has made significant strides in the property investment landscape, focusing on retail, office, and industrial sectors. With a diverse portfolio that spans major urban centres, Redefine Properties is renowned for its innovative approach to property management and development. The firm distinguishes itself through its commitment to sustainability and community engagement, ensuring that its developments not only meet market demands but also enhance the environments in which they operate. As a prominent entity in the real estate investment trust (REIT) market, Redefine Properties has achieved notable recognition for its strategic acquisitions and robust financial performance, solidifying its position as a trusted name in property investment.
DitchCarbon Score
How does Redefine 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
Redefine Properties's score of 24 is lower than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Redefine Properties's reported carbon emissions
In 2024, Redefine Properties, headquartered in South Africa (ZA), reported total carbon emissions of approximately 596.9 million kg CO2e. This figure includes Scope 1 emissions of about 10.7 million kg CO2e, Scope 2 emissions of approximately 19.5 million kg CO2e, and Scope 3 emissions amounting to about 566.7 million kg CO2e. Comparatively, in 2023, the company recorded total emissions of approximately 540.9 million kg CO2e, with Scope 1 at about 20.9 million kg CO2e, Scope 2 at approximately 28.1 million kg CO2e, and Scope 3 emissions at around 491.9 million kg CO2e. This indicates a slight increase in total emissions year-on-year. Redefine Properties has not set specific reduction targets or initiatives as part of their climate commitments, and there are no emissions reduction targets reported under the Science Based Targets initiative (SBTi). The company’s emissions data is not cascaded from any parent organization, indicating that all reported figures are independently sourced from Redefine Properties Limited. Overall, while Redefine Properties has made strides in transparency regarding their emissions, the absence of defined reduction targets highlights an area for potential improvement in their climate strategy.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 3,668,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 |
| Scope 2 | 31,494,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 678,096,000 | 000,000,000 | 000,000,000 | 000,000,000 | - |
How Carbon Intensive is Redefine Properties's Industry?
How Carbon Intensive is Redefine Properties's Location?
Redefine 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.
Redefine 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.
