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Tritax Big Box REIT plc, commonly referred to as Tritax Big Box, is a leading player in the real estate services sector, specifically focusing on logistics and distribution properties. Headquartered in Great Britain, the company has established a strong presence across key operational regions, including the UK and Europe. Founded in 2013, Tritax Big Box has achieved significant milestones, including a successful listing on the London Stock Exchange.
Specialising in the acquisition and management of large-scale logistics assets, Tritax Big Box distinguishes itself through its strategic focus on prime locations and high-quality developments. The company’s portfolio includes some of the most sought-after distribution centres, catering to the growing demand for e-commerce and supply chain efficiency. With a robust market position, Tritax Big Box continues to be recognised for its commitment to sustainable development and innovative property solutions.
-7 vs industry average
Tritax Big Box’s score of 22 is lower than 39% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Real Estate Services has below-average carbon intensity
The Real Estate Services industry has reduced its overall emissions by 17% since 2018
Scope 3 accounts for ••• of total emissions.
Tritax Big Box, a UK-based real estate services company, has reported its carbon emissions and climate commitments.
In 2023, Tritax Big Box's total carbon emissions were approximately 82.0 million kg CO2e. This included Scope 1 emissions of 0 kg CO2e, Scope 2 emissions (location-based) of 35,030 kg CO2e, and Scope 3 emissions of approximately 82.0 million kg CO2e. The majority of Scope 3 emissions were attributed to capital goods (81,959,000 kg CO2e) and purchased goods and services (33,720 kg CO2e).
Looking back, in 2022, the company's Scope 1 emissions were 30 kg CO2e, Scope 2 emissions (location-based) were 33,860 kg CO2e, and Scope 3 emissions were approximately 143.3 million kg CO2e, with significant contributions from downstream leased assets (94,534,500 kg CO2e), capital goods (48,751,000 kg CO2e), and purchased goods and services (36,380 kg CO2e).
For 2021, Tritax Big Box reported Scope 1 emissions of 50 kg CO2e, Scope 2 emissions (location-based) of 7,870 kg CO2e, and Scope 3 emissions from purchased goods and services of 41,360 kg CO2e. Data for Scope 3 capital goods was not disclosed for this year.
In 2020, the company disclosed Scope 2 emissions (location-based) of 121,000 kg CO2e and Scope 3 emissions including capital goods (113,000,000 kg CO2e), downstream leased assets (158,047,000 kg CO2e), and business travel (5,500 kg CO2e).
In 2019, Tritax Big Box's Scope 2 emissions (location-based) were 148,000 kg CO2e. Scope 1 and Scope 3 data were not fully disclosed for this year.
Tritax Big Box has set significant Net Zero targets. They aim to achieve Net Zero for Scope 3 (construction-related) emissions by 2030, specifically targeting capital goods associated with new developments and major refurbishments. Furthermore, they are committed to offsetting embodied carbon emissions at practical completion for all new developments in line with the UKGBC framework. The company also aims for Net Zero Scope 3 (remainder of material) emissions by 2040, which includes GHG emissions related to the energy use of their clients (Category 13 – Downstream Leased Assets).
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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