H&R Real Estate Investment Trust
H&R REIT's GHG Emissions Data Preview
In 2023, H&R 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).
H&R REIT has also provided a category-level breakdown for 3 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 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.  | 0000000 |
Total Scope 2 | ||||
Market-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. | 0000000 |
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. | 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. | 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. | 0000000 |
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aVerified Sources Behind H&R REIT’s Greenhouse Gas (GHG) Emissions Data
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Insights into H&R REIT's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of H&R REIT amounted to 24,929 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 2022, the total operational greenhouse gas (GHG) emissions of H&R REIT decreased by 5.27%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
H&R REIT's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are H&R REIT's Scope 1 emissions?
In 2023, the total Scope 1 emissions of H&R REIT were 8,964 metric tons of CO₂ equivalent (tCO₂e). a
Has H&R REIT reduced its Scope 1 emissions over time?
Since 2019, H&R REIT's Scope 1 emissions have decreased by 6.11%, reflecting a declining long-term trend in Scope 1 emissions over time. a
Compared to the previous year (2022), H&R REIT's Scope 1 emissions decreased by 11.04%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a
What are H&R REIT's Scope 2 emissions?
In 2023, H&R REIT reported Scope 2 greenhouse gas (GHG) emissions of 16,112 tCO₂e using the market-based method and 15,965 tCO₂e using the location-based method. a
Has H&R REIT reduced its Scope 2 emissions over time?
Since 2019, H&R REIT's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have remained relatively stable, indicating that H&R REIT 's emissions have plateaued with no significant change in its energy consumption footprint. a
Compared to the previous year (2022), H&R REIT's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that H&R REIT 's emissions have plateaued with no significant change in its energy consumption footprint. a
What methodology does H&R REIT use for Scope 2 reporting?
In 2023, H&R REIT reported its Scope 2 emissions using the market-based method and using the location-based method. a
H&R REIT's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into H&R REIT's Value Chain Emissions
In 2023, H&R REIT reported 53,064 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 2023 disclosure of H&R REIT includes a breakdown across 3 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain a
H&R REIT's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are H&R REIT's Scope 3 emissions?
In 2023, H&R REIT reported total Scope 3 emissions of 53,064 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 2.71% of these emissions originated from upstream activities such as purchased goods and capital goods, while 97.29% came from downstream activities like product use, distribution, and end-of-life treatment. a
Has H&R REIT reduced its Scope 3 emissions over time?
Since 2019, H&R REIT's Scope 3 emissions have decreased by 11.22%, reflecting a declining long-term trend in Scope 3 emissions over time. a
Compared to the previous year (2022), H&R REIT's Scope 3 emissions decreased by 10.9%, highlighting the company's efforts to lower indirect emissions from its value chain. a
What categories of Scope 3 emissions does H&R REIT disclose?
In 2023, H&R REIT reported emissions for 3 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 H&R REIT's Scope 3 emissions?
In 2023, the largest contributors to H&R REIT's Scope 3 emissions were: a
- Downstream Leased Assets (Cat. 13): 51,628 tCO₂e (97.29%)
- Waste Generated in Operations (Cat. 5): 894 tCO₂e (1.68%)
- Upstream Transportation and Distribution (Cat. 4): 542 tCO₂e (1.02%)
H&R REIT's Scope 3 Emissions by Categories
Insights into H&R REIT’s GHG Emissions Intensity Compared to Industry Peers
In 2023, H&R REIT reported Scope 1 greenhouse gas (GHG) emissions of 8,964 tCO₂e and total revenues of USD 640 millions. This translates into an emissions intensity of 14.01 tCO₂e per millions USD. a
H&R REIT's Scope 1 Emissions Intensity Compared to Peers
How does H&R REIT's GHG emissions intensity compare to its peers?
In 2023, H&R REIT reported a Scope 1 emissions intensity of 14.01 tCO₂e per millions USD. Compared to the peer group median of 8.8 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
Where does H&R REIT rank on GHG emissions intensity within its industry?
In 2023, H&R REIT ranked 19 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
H&R REIT is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into H&R REIT's Total Carbon Footprint
In 2023, H&R REIT reported a total carbon footprint of 77,993 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 9.17% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a
The largest contributor to H&R REIT's total carbon footprint was Scope 3 emissions, accounting for 68.04% of the company's total carbon footprint, followed by Scope 2 emissions at 20.47%. a