Granite Real Estate Investment Trust

Common Name
Granite REIT
Country
Canada
Sector
Real Estate
Industry
REIT - Industrial
Employees
70
Ticker
GRT.UN
Exchange
TORONTO STOCK EXCHANGE
Description
Granite Real Estate Investment Trust is a specialized entity within the financial markets primarily focused on managing and expanding a diverse portfolio of industrial and logistics properties. Its pr...

Granite REIT's Climate Target Data Preview

As of 2023, Granite REIT has disclosed 1 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 intensity-based target, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Granite REIT ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Intensity-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e) per Square Feet (ft2)
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2030

This table provides a simplified preview of selected climate targets data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Granite REIT's Greenhouse Gas Emissions Pathways

As of 2023, Granite REIT has set greenhouse gas (GHG) emissions reduction targets that cover its operational emissions (Scope 1 and 2), but not its value chain emissions (Scope 3). This means its reduction efforts currently focus on direct and purchased energy emissions.

Does Granite REIT have a target to reduce the emissions from its operations?

As of 2023, Granite REIT has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.

Granite REIT's most ambitious operational target is to reduce these emissions by 25% by 2030, compared to a baseline of 0.022 Metric Tonnes of CO2 equivalent (mtCO2e) per Square Feet (ft2) in 2019.

Granite REIT has already surpassed its operational emissions reduction target, with 2023 levels falling below the 2030 value, achieving its climate goal ahead of schedule.

Granite REIT's Operational (Scope 1+2) Emissions Pathway

20192023203000.010.010.020.02BaselineCurrent (-79%)Target 2030 (-25%)
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