- Increasing utility costs
- Carbon pricing
- Regional regulations facilitating zero carbon planning
- Changing tenant demand for assets
- Pressure on tenant’s business sectors
- Changing visitor behaviour
- Further policy and regulation shifts
- Business interruption
- Unscheduled repairs
- Construction delays
Choice Properties Real Estate Investment Trust
Greenhouse gas emissions & sustainability report data
In its 2022 reporting, Choice Properties Real Estate Investment Trust disclosed greenhouse gas emissions of 466.5 thousand tCO2e. By scope: Scope 1: 7.6 thousand tCO2e; Scope 2: 13.6 thousand tCO2e; Scope 3: 432.5 thousand tCO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
466.5 thousand tCO2e
2022
Water Usage
1.1K thousand m3
2022
Waste
6.5K tonnes
2022
Energy Use
2.5K eGWh
2022
📊 Emissions by Scope (2022)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 7.6 thousand tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 13.6 thousand tCO2e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 432.5 thousand tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2022 | 466.5 thousand tCO2e |
| 2021 | 23.90 thousand tCO2e |
| 2020 | 24.8K tCO2e |
| 2019 | 32.5 thousand tCO2e (2019) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- One of the first entities in Canada to have its net-zero emissions targets validated by the Science Based Targets initiative
- Development of green lease clauses across retail and industrial assets to promote energy efficiency, renewable energy, and low-carbon design
- Over 40M sq. ft. certified under LEED or BOMA BEST, including over 160 properties certified in 2022
- Identified opportunities to reduce embodied carbon across retail, industrial, and residential building types
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce absolute Scope 1 and 2 GHG emissions by 50% from a 2019 base year by 2030
- Reduce absolute Scope 3 GHG emissions from purchased goods and services and downstream leased assets by 30% from a 2019 base year by 2030
- Certify 65% of our portfolio under LEED or BOMA BEST by 2023
- Divert 70% of annual waste from landfill by 2023
- Volunteer an average of 4 paid hours per colleague per year by 2023
🔭 Long-term
- Reduce absolute Scope 1 and 2 GHG emissions by 90% from a 2019 base year by 2050
- Reduce absolute Scope 3 GHG emissions from purchased goods and services and downstream leased assets by 90% from a 2019 base year by 2050
- Reach net-zero GHG emissions across our value chain by 2050
🌱 ESG Focus Areas
Fighting Climate ChangeAdvancing Social Equity