Redefine Properties Ltd

Common Name
Redefine Properties
Country
South Africa
Sector
Real Estate
Industry
REIT - Diversified
Employees
N/A
Ticker
RDF
Exchange
JOHANNESBURG STOCK EXCHANGE
Description
Redefine Properties Limited is a diversified real estate investment trust (REIT) that focuses on owning and managing a wide array of property assets. The company's primary purpose is to provide invest...

Redefine Properties's GHG Emissions Data Preview

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)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Redefine Properties’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 Redefine Properties’s data sources below and access millions more through our Disclosure Search.

a. Redefine Properties's ESG Report 2023
a. Redefine Properties's ESG Report 2023
b. Redefine Properties's Financial & Extra-Financial Disclosure 2022
b. Redefine Properties's Financial & Extra-Financial Disclosure 2022

Insights into Redefine Properties's Operational Emissions

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

Redefine Properties's Scope 1 Emissions Over Time

20182019202020212022202305.5 k11 k16.5 k22 ktCO2e+2%0%-11%+37%+370%
  • Total Scope 1
  • Year-over-Year Change

What are Redefine Properties's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Redefine Properties were 20,937 metric tons of CO₂ equivalent (tCO₂e). a

Has Redefine Properties reduced its Scope 1 emissions over time?

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

What are Redefine Properties's Scope 2 emissions?

In 2023, Redefine Properties reported Scope 2 greenhouse gas (GHG) emissions of 28,146 tCO₂e using the location-based method. a

Has Redefine Properties reduced its Scope 2 emissions over time?

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

What methodology does Redefine Properties use for Scope 2 reporting?

In 2023, Redefine Properties reported its Scope 2 emissions using the location-based method. a

Redefine Properties's Scope 2 Emissions Over Time

201820192020202120222023015 k30 k45 k60 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Redefine Properties's Value Chain Emissions

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

Redefine Properties's Scope 3 Emissions Over Time

2018201920202021202220230200 k400 k600 k800 ktCO2e+11%-19%-4%-8%+1%
  • Total Scope 3
  • Year-over-Year Change

What are Redefine Properties's Scope 3 emissions?

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

Has Redefine Properties reduced its Scope 3 emissions over time?

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

What categories of Scope 3 emissions does Redefine Properties disclose?

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.

What are the main sources of Redefine Properties's Scope 3 emissions?

In 2023, the largest contributors to Redefine Properties's Scope 3 emissions were: a

  • Downstream Leased Assets (Cat. 13): 397,365 tCO₂e (80.79%)
  • Fuel- and Energy-Related Services (Cat. 3): 54,491 tCO₂e (11.08%)
  • Investments (Cat. 15): 35,438 tCO₂e (7.2%)

Redefine Properties's Scope 3 Emissions by Categories

Investments(Cat. 15)(7.2%)Fuel- andEnergy-RelatedServices (Cat. 3)(11.1%)Downstream LeasedAssets (Cat. 13)(80.8%)

Insights into Redefine Properties’s GHG Emissions Intensity Compared to Industry Peers

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

Redefine Properties's Scope 1 Emissions Intensity Compared to Peers

2202005,00050,000Scope 1 Emissions (tCO2e)201005002,00010,000Revenues (Millions of USD)SJCMori Hills Reit InvestmentYear: 2023Scope 1: 1,667 tCO2eRevenue: $M 159Scope 1 Intensity: 10.46 tCO2e/$MSA Corporate Real EstateYear: 2023Scope 1: 1,676 tCO2eRevenue: $M 135Scope 1 Intensity: 12.38 tCO2e/$MCovivioYear: 2024Scope 1: 9,916 tCO2eRevenue: $M 1,327Scope 1 Intensity: 7.47 tCO2e/$MGrowthpoint PropertiesYear: 2023Scope 1: 18,487 tCO2eRevenue: $M 729Scope 1 Intensity: 25.37 tCO2e/$MEmpire State Realty TrustYear: 2023Scope 1: 3,178 tCO2eRevenue: $M 740Scope 1 Intensity: 4.30 tCO2e/$MIcadeYear: 2024Scope 1: 2 tCO2eRevenue: $M 1,538Scope 1 Intensity: 0.00 tCO2e/$MFibra Uno Administracion SCYear: 2024Scope 1: 621 tCO2eRevenue: $M 1,355Scope 1 Intensity: 0.46 tCO2e/$MBritish Land CompanyYear: 2025Scope 1: 5,445 tCO2eRevenue: $M 587Scope 1 Intensity: 9.27 tCO2e/$MMirvac GroupYear: 2025Scope 1: 9,371 tCO2eRevenue: $M 1,609Scope 1 Intensity: 5.82 tCO2e/$MAttacqYear: 2023Scope 1: 6,258 tCO2eRevenue: $M 129Scope 1 Intensity: 48.54 tCO2e/$MSSSuntec REITYear: 2023Scope 1: 1,637 tCO2eRevenue: $M 351Scope 1 Intensity: 4.66 tCO2e/$MGPT GroupYear: 2024Scope 1: 6,590 tCO2eRevenue: $M 613Scope 1 Intensity: 10.75 tCO2e/$MBroadstone Net LeaseYear: 2024Scope 1: 361 tCO2eRevenue: $M 432Scope 1 Intensity: 0.84 tCO2e/$MIIFYear: 2023Scope 1: 24,149 tCO2eRevenue: $M 254Scope 1 Intensity: 94.97 tCO2e/$MVICI PropertiesYear: 2023Scope 1: 524 tCO2eRevenue: $M 3,611Scope 1 Intensity: 0.15 tCO2e/$MKiwi Property GroupYear: 2025Scope 1: 277 tCO2eRevenue: $M 147Scope 1 Intensity: 1.88 tCO2e/$MJJJapan Prime Realty InvestmentYear: 2023Scope 1: 1,440 tCO2eRevenue: $M 252Scope 1 Intensity: 5.72 tCO2e/$MUnite GroupYear: 2024Scope 1: 10,914 tCO2eRevenue: $M 376Scope 1 Intensity: 29.06 tCO2e/$MEmira Property FundYear: 2024Scope 1: 5,052 tCO2eRevenue: $M 100Scope 1 Intensity: 50.39 tCO2e/$MAxis-REITYear: 2023Scope 1: 29 tCO2eRevenue: $M 63Scope 1 Intensity: 0.46 tCO2e/$MBurstone GroupYear: 2023Scope 1: 4,640 tCO2eRevenue: $M 82Scope 1 Intensity: 56.64 tCO2e/$MCCCapitaLand Ascott TrustYear: 2024Scope 1: 3,224 tCO2eRevenue: $M 594Scope 1 Intensity: 5.43 tCO2e/$MCharter Hall GroupYear: 2023Scope 1: 8,919 tCO2eRevenue: $M 523Scope 1 Intensity: 17.04 tCO2e/$MLand Securities GroupYear: 2025Scope 1: 10,330 tCO2eRevenue: $M 1,076Scope 1 Intensity: 9.60 tCO2e/$MDaiwa House REIT InvestmentYear: 2024Scope 1: 190 tCO2eRevenue: $M 427Scope 1 Intensity: 0.44 tCO2e/$MRedefine PropertiesYear: 2023Scope 1: 20,937 tCO2eRevenue: $M 525Scope 1 Intensity: 39.88 tCO2e/$M

How does Redefine Properties's GHG emissions intensity compare to its peers?

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

Where does Redefine Properties rank on GHG emissions intensity within its industry?

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

Insights into Redefine Properties's Total Carbon Footprint

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

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