First Capital Real Estate Investment Trust
First Capital REIT's GHG Emissions Data Preview
In 2024, First Capital REIT completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
First Capital REIT has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Verified Sources Behind First Capital REIT’s Greenhouse Gas (GHG) Emissions Data
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Insights into First Capital REIT's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of First Capital REIT amounted to 21,169 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of First Capital REIT decreased by 0.6%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
First Capital REIT's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are First Capital REIT's Scope 1 emissions?
In 2024, the total Scope 1 emissions of First Capital REIT were 10,531 metric tons of CO₂ equivalent (tCO₂e). a
Has First Capital REIT reduced its Scope 1 emissions over time?
Since 2019, First Capital REIT's Scope 1 emissions have decreased by 11.62%, reflecting a declining long-term trend in Scope 1 emissions over time. a
Compared to the previous year (2023), First Capital REIT's Scope 1 emissions remained relatively stable, indicating that First Capital REIT's emissions have plateaued with no significant change in its operational footprint. a
What are First Capital REIT's Scope 2 emissions?
In 2024, First Capital REIT reported Scope 2 greenhouse gas (GHG) emissions of 10,638 tCO₂e using the location-based method. a
Has First Capital REIT reduced its Scope 2 emissions over time?
Since 2019, First Capital REIT's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 25.62%, reflecting a declining long-term trend in Scope 2 emissions over time. a
Compared to the previous year (2023), First Capital REIT's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that First Capital REIT 's emissions have plateaued with no significant change in its energy consumption footprint. a
What methodology does First Capital REIT use for Scope 2 reporting?
In 2024, First Capital REIT reported its Scope 2 emissions using the location-based method. a
First Capital REIT's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
Insights into First Capital REIT's Value Chain Emissions
In 2024, First Capital REIT reported 50 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2024 disclosure of First Capital REIT includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a
First Capital REIT's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are First Capital REIT's Scope 3 emissions?
In 2024, First Capital REIT reported total Scope 3 emissions of 50 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a
Has First Capital REIT reduced its Scope 3 emissions over time?
Since 2019, First Capital REIT's Scope 3 emissions have decreased by 25.37%, reflecting a declining long-term trend in Scope 3 emissions over time. a
Compared to the previous year (2023), First Capital REIT's Scope 3 emissions remained relatively stable, indicating that First Capital REIT 's emissions have plateaued with no significant change in its value chain footprint. a
What categories of Scope 3 emissions does First Capital REIT disclose?
In 2024, First Capital REIT reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol. a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of First Capital REIT's Scope 3 emissions?
In 2024, the largest contributors to First Capital REIT's Scope 3 emissions were: a
- Purchased Goods and Services (Cat. 1): 50 tCO₂e (100%)
First Capital REIT's Scope 3 Emissions by Categories
Insights into First Capital REIT’s GHG Emissions Intensity Compared to Industry Peers
In 2024, First Capital REIT reported Scope 1 greenhouse gas (GHG) emissions of 10,531 tCO₂e and total revenues of USD 496 millions. This translates into an emissions intensity of 21.23 tCO₂e per millions USD. a
First Capital REIT's Scope 1 Emissions Intensity Compared to Peers
How does First Capital REIT's GHG emissions intensity compare to its peers?
In 2024, First Capital REIT reported a Scope 1 emissions intensity of 21.23 tCO₂e per millions USD. Compared to the peer group median of 4.27 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
Where does First Capital REIT rank on GHG emissions intensity within its industry?
In 2024, First Capital REIT ranked 20 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
This places First Capital REIT among the least efficient performers, with one of the highest emissions intensities in its sector. a
Insights into First Capital REIT's Total Carbon Footprint
In 2024, First Capital REIT reported a total carbon footprint of 21,219 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.62% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a
The largest contributor to First Capital REIT's total carbon footprint was Scope 2 emissions, accounting for 50.13% of the company's total carbon footprint, followed by Scope 1 emissions at 49.63%. a