In 2023, Redefine Properties 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).
Redefine Properties has also provided a category-level breakdown for 7 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. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
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In 2023, the total operational greenhouse gas (GHG) emissions of Redefine Properties amounted to 49,083 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 Redefine Properties increased by 30.71%, suggesting that the company faced challenges in reducing its emissions from its core operations. a
In 2023, the total Scope 1 emissions of Redefine Properties were 20,937 metric tons of CO₂ equivalent (tCO₂e). a
Since 2018, Redefine Properties's Scope 1 emissions have increased by 482.23%, reflecting a rising long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2022), Redefine Properties's Scope 1 emissions increased by 369.65%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
In 2023, Redefine Properties reported Scope 2 greenhouse gas (GHG) emissions of 28,146 tCO₂e using the location-based method. a
Compared to the previous year (2022), Redefine Properties's Scope 2 emissions (Location-Based) fell by 14.95% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a
In 2023, Redefine Properties reported its Scope 2 emissions using the location-based method. a
In 2023, Redefine Properties reported 491,869 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 Redefine Properties includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, up from 5 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain a
In 2023, Redefine Properties reported total Scope 3 emissions of 491,869 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 12.01% of these emissions originated from upstream activities such as purchased goods and capital goods, while 87.99% came from downstream activities like product use, distribution, and end-of-life treatment. a
Since 2018, Redefine Properties's Scope 3 emissions have decreased by 19.33%, reflecting a declining long-term trend in Scope 3 emissions over time. a b
Compared to the previous year (2022), Redefine Properties's Scope 3 emissions remained relatively stable, indicating that Redefine Properties 's emissions have plateaued with no significant change in its value chain footprint. a
In 2023, Redefine Properties reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol. a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2023, the largest contributors to Redefine Properties's Scope 3 emissions were: a
In 2023, Redefine Properties reported Scope 1 greenhouse gas (GHG) emissions of 20,937 tCO₂e and total revenues of USD 525 millions. This translates into an emissions intensity of 39.88 tCO₂e per millions USD. a
In 2023, Redefine Properties reported a Scope 1 emissions intensity of 39.88 tCO₂e per millions USD. Compared to the peer group median of 7.47 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
In 2023, Redefine Properties ranked 22 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
This places Redefine Properties among the least efficient performers, with one of the highest emissions intensities in its sector. a
In 2023, Redefine Properties reported a total carbon footprint of 540,952 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 2.79% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to Redefine Properties's total carbon footprint was Scope 3 emissions, accounting for 90.93% of the company's total carbon footprint, followed by Scope 2 emissions at 5.2%. a