- Limited opportunities to directly influence energy and water use and waste outputs in tenant-operated spaces due to long-term triple or quadruple net leases
- Limited data coverage of tenants’ energy consumption (approximately 5% of tenant-operated areas)
- Climate change risks, including physical effects (natural disasters) and transition risks (increasing costs, insurance availability)
Plaza Retail REIT
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Plaza Retail REIT disclosed greenhouse gas emissions of 3.1K tCO2e. By scope: Scope 1: 480 tCO2e; Scope 2: 1.7K tCO2e; Scope 3: 953 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
3.1K tCO2e
2023
Water Usage
20.2K m3 (Plaza-operated) + 463304 m3 (Tenant-operated)
2023
Energy Use
15.6M kWh (Plaza-operated) + 12885982 kWh (Tenant-operated)
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). | 480 tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 1.7K tCO2e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 953 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 |
|---|---|
| 2023 | 3.1K tCO2e |
| 2022 | 2.3K tCO2e (2022) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced energy intensity by 14% in Plaza-operated spaces
- Improved environmental data collection and review processes
- Completed 23 additional LED retrofits of exterior lighting, saving an estimated 500,000 kWh of electricity
- 79% reduction in energy use at Northumberland Plaza due to spray foam insulation retrofit
🎯 Climate & Sustainability Targets
🔜 Short-term
- 17 additional LED retrofits in 2024
- Replacing inefficient HVAC units with energy-efficient electric furnaces and air-source heat pumps
- Exploring renewable energy for Halifax office
🌱 ESG Focus Areas
EnvironmentSocialGovernance