- Data quality and availability challenges related to climate risk assessment
- Evolving criteria for high-quality carbon offsets
- Managing climate-related risks across a diverse and decentralized portfolio
- Addressing tenant emissions (scope 3 category 13)
Brookfield Real Estate
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Brookfield Real Estate disclosed greenhouse gas emissions of 1.0M tCO2e/year (2023). By scope: Scope 1: 198.0K tCO2e/year (2023); Scope 2: 653.0K tCO2e/year (2023). 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
1.0M tCO2e/year (2023)
2023
Renewable Energy
7%
of total energy
Water Usage
53.6M m3/year (2023)
2023
Waste
281.0K tons/year (to landfill 2023)
2023
Energy Use
10.1M MWh/year (2023)
2023
📊 Emissions by Scope (2023)
| 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). | 198.0K tCO2e/year (2023) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 653.0K tCO2e/year (2023) |
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 |
|---|---|
| 2023 | 1.0M tCO2e/year (2023) |
| 2022 | 1.4M tCO2e/year (Scope 1 & 2) |
| 2018 | 3.0K mtCO2e (Scope 1-3) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced scope 1 and 2 absolute GHG emissions by 15% against base year 2019
- 96% asset-level GHG emissions measurements across the entire portfolio
- 749,000 MWh of renewable energy consumed globally
- 850+ green building certifications achieved
- U.S. core office portfolio to be powered by clean electricity by the end of 2026
- Programmatic agreement with Brookfield Renewable to install rooftop solar panels on select logistics facilities in the U.S., adding over 190 MW of solar generation capacity
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce water consumption by 21 million gallons per year in U.S. Manufactured Housing portfolio
- Achieve 40% reduction of scope 1 and 2 GHG emissions by 2030 or sooner in Multifamily portfolio
📅 Medium-term
- Achieve net zero by 2050 or sooner across Operationally Managed Investments
- Reduce scope 1 and 2 GHG emissions by 50% by 2030 compared to baseline year 2019 (Paris-aligned)
🔭 Long-term
- Net zero GHG emissions by 2050 or sooner
🌱 ESG Focus Areas
Climate ChangeDiversity & InclusionGovernanceTenant EngagementCommunity EngagementOccupational Health and SafetyHuman RightsBiodiversityWater ConservationWaste Reduction