Granite Real Estate Investment Trust
Granite REIT's GHG Emissions Data Preview
In 2024, Granite 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).
However, Granite REIT has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy/Paste is a PRO feature.  b | Copy/Paste is a PRO feature.  | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy/Paste is a PRO feature.  a | 0000000 | Copy/Paste is a PRO feature. | 0000000 |
Total Scope 3 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  b | 0000000 | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0000000 | Copy/Paste is a PRO feature.  b | Copy/Paste is a PRO feature. | 0000000 |
Verified Sources Behind Granite REIT’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Granite REIT’s data sources below and access millions more through our Disclosure Search.
Insights into Granite REIT's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Granite REIT amounted to 10,378 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 Granite REIT increased by 431.66%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
Granite REIT's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Granite REIT's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Granite REIT were 2,401 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2023), Granite REIT's Scope 1 emissions increased by 277.52%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
What are Granite REIT's Scope 2 emissions?
In 2024, Granite REIT reported Scope 2 greenhouse gas (GHG) emissions of 7,977 tCO₂e without specifying the calculation method.a
Has Granite REIT reduced its Scope 2 emissions over time?
Compared to the previous year (2023), Granite REIT's Scope 2 emissions (Unspecified Calculation Method) rose by 506.16% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energyab
What methodology does Granite REIT use for Scope 2 reporting?
In 2024, Granite REIT reported its Scope 2 emissions using an unspecified methodology.a
Granite REIT's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into Granite REIT's Value Chain Emissions
In 2024, Granite REIT reported 133,811 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 Granite REIT includes a breakdown across 0 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
Granite REIT's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Granite REIT's Scope 3 emissions?
In 2024, Granite REIT reported total Scope 3 emissions of 133,811 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2023), Granite REIT's Scope 3 emissions remained relatively stable, indicating that Granite REIT's emissions have plateaued with no significant change in its value chain footprint.ab
Insights into Granite REIT’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Granite REIT reported Scope 1 greenhouse gas (GHG) emissions of 2,401 tCO₂e and total revenues of USD 396 millions. This translates into an emissions intensity of 6.07 tCO₂e per millions USD.a
Granite REIT's Scope 1 Emissions Intensity Compared to Peers
How does Granite REIT's GHG emissions intensity compare to its peers?
In 2024, Granite REIT reported a Scope 1 emissions intensity of 6.07 tCO₂e per millions USD. Compared to the peer group median of 2.33, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does Granite REIT rank on GHG emissions intensity within its industry?
In 2024, Granite REIT ranked 18 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Granite REIT among the least efficient performers, with one of the highest emissions intensities in its sector.a
Insights into Granite REIT's Total Carbon Footprint
In 2024, Granite REIT reported a total carbon footprint of 144,189 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 5.29% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to Granite REIT's total carbon footprint was Scope 3 emissions, accounting for 92.8% of the company's total carbon footprint, followed by Scope 2 emissions at 5.53%.a