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RioCan Real Estate Investment Trust

Common Name
RioCan
Country
Canada
Sector
Real Estate
Industry
REIT - Retail
Employees
493
Ticker
REI.UN
Exchange
TMX Group Inc.
Description
RioCan Real Estate Investment Trust is a prominent Canadian real estate investment trust focused on acquiring, managing, and developing a balanced portfolio of commercial real estate properties. Found...

RioCan's GHG Emissions Data Preview

In 2024, RioCan 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, RioCan has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2024202320222021-2019
Total Scope 1
7,128a
7,660a
8,489a
Total Scope 2
Market-Based
2,972a
2,929a
2,956a
Location-Based
2,985a
2,936a
2,964a
Total Scope 3
125,376a
124,242a
135,533a
Total Scope 1 Revenue Intensity (tCO2e/$M)
8.2722a
9.0232a
9.4653a
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Verified Sources Behind RioCan’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 RioCan’s data sources below and access millions more through our Disclosure Search.

a. RioCan's ESG Data Spreadsheet 2025

Insights into RioCan's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of RioCan amounted to 10,113 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 RioCan decreased by 4.56%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

RioCan's Scope 1 Emissions Over Time

20192020202120222023202402.5 k5 k7.5 k10 ktCO2e+4%-2%+12%-10%-7%
  • Total Scope 1
  • Year-over-Year Change

What are RioCan's Scope 1 emissions?

In 2024, the total Scope 1 emissions of RioCan were 7,128 metric tons of CO₂ equivalent (tCO₂e).a

Has RioCan reduced its Scope 1 emissions over time?

Since 2019, RioCan's Scope 1 emissions have decreased by 4%, reflecting a declining long-term trend in Scope 1 emissions over time.a

Compared to the previous year (2023), RioCan's Scope 1 emissions decreased by 6.95%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a

What are RioCan's Scope 2 emissions?

In 2024, RioCan reported Scope 2 greenhouse gas (GHG) emissions of 2,972 tCO₂e using the market-based method and 2,985 tCO₂e using the location-based method.a

Has RioCan reduced its Scope 2 emissions over time?

Since 2019, RioCan's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 29.16%, reflecting a rising long-term trend in Scope 2 emissions over time.a

Compared to the previous year (2023), RioCan's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that RioCan's emissions have plateaued with no significant change in its energy consumption footprint.a

What methodology does RioCan use for Scope 2 reporting?

In 2024, RioCan reported its Scope 2 emissions using the market-based method and using the location-based method.a

RioCan's Scope 2 Emissions Over Time

20192020202120222023202407501.5 k2.25 k3 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into RioCan's Value Chain Emissions

In 2024, RioCan reported 125,376 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 RioCan 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

RioCan's Scope 3 Emissions Over Time

201920202021202220232024035 k70 k105 k140 ktCO2e-11%+4%+11%-8%+1%
  • Total Scope 3
  • Year-over-Year Change

What are RioCan's Scope 3 emissions?

In 2024, RioCan reported total Scope 3 emissions of 125,376 metric tons of CO₂ equivalent (tCO₂e).a

Has RioCan reduced its Scope 3 emissions over time?

Since 2019, RioCan's Scope 3 emissionshave remained relatively stable, indicating that RioCan's emissions have plateaued with no significant change in its value chain footprint.a

Compared to the previous year (2023), RioCan's Scope 3 emissions remained relatively stable, indicating that RioCan's emissions have plateaued with no significant change in its value chain footprint.a

Insights into RioCan’s GHG Emissions Intensity Compared to Industry Peers

In 2024, RioCan reported Scope 1 greenhouse gas (GHG) emissions of 7,128 tCO₂e and total revenues of USD 862 millions. This translates into an emissions intensity of 8.27 tCO₂e per millions USD.a

RioCan's Scope 1 Emissions Intensity Compared to Peers

101001,00010,000100,000Scope 1 Emissions (tCO2e)1002001,0005,00010,000Revenues (Millions of USD)Realty IncomeYear: 2024Scope 1: 55 tCO2eRevenue: $M 5,288Scope 1 Intensity: 0.01 tCO2e/$MSimon Property GroupYear: 2024Scope 1: 15,876 tCO2eRevenue: $M 5,964Scope 1 Intensity: 2.66 tCO2e/$MHammersonYear: 2025Scope 1: 582 tCO2eRevenue: $M 285Scope 1 Intensity: 2.04 tCO2e/$MUrban Edge PropertiesYear: 2024Scope 1: 596 tCO2eRevenue: $M 445Scope 1 Intensity: 1.34 tCO2e/$MAcadia Realty TrustYear: 2024Scope 1: 1,976 tCO2eRevenue: $M 360Scope 1 Intensity: 5.49 tCO2e/$MShaftesbury CapitalYear: 2024Scope 1: 537 tCO2eRevenue: $M 285Scope 1 Intensity: 1.88 tCO2e/$MFrasers Centrepoint TrustYear: 2023Scope 1: 27 tCO2eRevenue: $M 271Scope 1 Intensity: 0.10 tCO2e/$MVicinity CentresYear: 2025Scope 1: 6,632 tCO2eRevenue: $M 870Scope 1 Intensity: 7.62 tCO2e/$MNNN REITYear: 2024Scope 1: 108 tCO2eRevenue: $M 869Scope 1 Intensity: 0.12 tCO2e/$MAgree RealtyYear: 2023Scope 1: 271 tCO2eRevenue: $M 537Scope 1 Intensity: 0.50 tCO2e/$MBrixmor Property GroupYear: 2023Scope 1: 3,414 tCO2eRevenue: $M 1,245Scope 1 Intensity: 2.74 tCO2e/$MFederal RealtyYear: 2024Scope 1: 3,186 tCO2eRevenue: $M 1,202Scope 1 Intensity: 2.65 tCO2e/$MCICTYear: 2024Scope 1: 3,171 tCO2eRevenue: $M 1,164Scope 1 Intensity: 2.72 tCO2e/$MCarmilaYear: 2024Scope 1: 2,750 tCO2eRevenue: $M 543Scope 1 Intensity: 5.07 tCO2e/$MTangerYear: 2024Scope 1: 3,572 tCO2eRevenue: $M 526Scope 1 Intensity: 6.79 tCO2e/$MNomura Real Estate Master FundYear: 2024Scope 1: 1,142 tCO2eRevenue: $M 583Scope 1 Intensity: 1.96 tCO2e/$MPhillips Edison & CoYear: 2023Scope 1: 9,500 tCO2eRevenue: $M 610Scope 1 Intensity: 15.57 tCO2e/$MJMFYear: 2024Scope 1: 4,988 tCO2eRevenue: $M 564Scope 1 Intensity: 8.84 tCO2e/$MKite Realty Group TrustYear: 2024Scope 1: 2,617 tCO2eRevenue: $M 842Scope 1 Intensity: 3.11 tCO2e/$MMacerichYear: 2024Scope 1: 30,779 tCO2eRevenue: $M 918Scope 1 Intensity: 33.52 tCO2e/$MCT REITYear: 2024Scope 1: 1,130 tCO2eRevenue: $M 402Scope 1 Intensity: 2.81 tCO2e/$MChoice PropertiesYear: 2024Scope 1: 5,150 tCO2eRevenue: $M 952Scope 1 Intensity: 5.41 tCO2e/$MSmartCentresYear: 2024Scope 1: 4,336 tCO2eRevenue: $M 638Scope 1 Intensity: 6.79 tCO2e/$MFirst Capital REITYear: 2024Scope 1: 10,531 tCO2eRevenue: $M 496Scope 1 Intensity: 21.23 tCO2e/$MRioCanYear: 2024Scope 1: 7,128 tCO2eRevenue: $M 862Scope 1 Intensity: 8.27 tCO2e/$M

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

In 2024, RioCan reported a Scope 1 emissions intensity of 8.27 tCO₂e per millions USD. Compared to the peer group median of 2.78, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

Where does RioCan rank on GHG emissions intensity within its industry?

In 2024, RioCan ranked 21 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a

This places RioCan among the least efficient performers, with one of the highest emissions intensities in its sector.a

Insights into RioCan's Total Carbon Footprint

In 2024, RioCan reported a total carbon footprint of 135,489 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.48% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a

The largest contributor to RioCan's total carbon footprint was Scope 3 emissions, accounting for 92.54% of the company's total carbon footprint, followed by Scope 1 emissions at 5.26%.a

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