- Unfavorable capital market conditions over the past several years; downward pressure on rental rates and increased supply in some key geographic areas (Edmonton office properties); inflationary pressures, rising operating costs and leasing costs, higher interest costs as mortgages are renewed.
- Reduction in industrial WABR due to external market pressures and lower rental rates as tenants near lease terms.
Melcor Real Estate Investment Trust
Greenhouse gas emissions & sustainability report data
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.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2021 | 10.5K tons CO2 reduction (2012-2021) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Upgraded MelCARE software to improve customer care experience and reduce annual costs while improving response time; implemented energy efficient practices and invested in capital projects to mitigate rising utility costs.
- Joined the Edmonton Corporate Climate Leaders Program in 2021, completed energy usage benchmarking in 2022, and is working on setting targets.
🌱 ESG Focus Areas
SustainabilityEnergy Reduction