H&R Real Estate Investment Trust

Common Name
H&R REIT
Country
Canada
Sector
Real Estate
Industry
REIT - Diversified
Employees
N/A
Ticker
HR.UN
Exchange
TORONTO STOCK EXCHANGE
Description
H&R Real Estate Investment Trust is a prominent Canadian-based real estate investment trust. Its primary function is to acquire, develop, and manage a diverse portfolio of properties, providing income...

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)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions 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 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).

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.

H&R REIT's Scope 1 Emissions Over Time

20192022202303 k6 k9 k12 ktCO2e+6%-11%
  • 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 COâ‚‚ equivalent (tCOâ‚‚e).

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.

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.

What are H&R REIT's Scope 2 emissions?

In 2023, H&R REIT reported Scope 2 greenhouse gas (GHG) emissions of 16,112 tCOâ‚‚e using the market-based method, and 15,965 tCOâ‚‚e using the location-based method.

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.

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.

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.

H&R REIT's Scope 2 Emissions Over Time

20192022202304.5 k9 k13.5 k18 ktCO2e
  • 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 COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

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

H&R REIT's Scope 3 Emissions Over Time

201920222023015 k30 k45 k60 ktCO2e0%-11%
  • 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 COâ‚‚ equivalent (tCOâ‚‚e).

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.

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.

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.

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.

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:

  • Downstream Leased Assets (Cat. 13): 51,628 tCOâ‚‚e (97.29%)
  • Waste Generated in Operations (Cat. 5): 894 tCOâ‚‚e (1.68%)
  • Upstream Transportation and Distribution (Cat. 4): 542 tCOâ‚‚e (1.02%)

H&R REIT's Scope 3 Emissions by Categories

Waste Generated inOperations (Cat. 5)(1.7%)UpstreamTransportation andDistribution(Cat. 4)(1.0%)Downstream LeasedAssets (Cat. 13)(97.3%)

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 COâ‚‚ equivalent (tCOâ‚‚e) 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.

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%.

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