Fortress Real Estate
Fortress Real Estate, also known as Fortress Fund Managers, is a prominent player in the South African real estate sector, headquartered in Johannesburg, ZA. Established in 2009, the company has rapidly evolved, focusing on logistics and retail properties across key operational regions in South Africa and sub-Saharan Africa. Specialising in high-quality, income-generating assets, Fortress Real Estate distinguishes itself through its strategic approach to property management and development. The firm’s portfolio includes a diverse range of properties, ensuring resilience and growth in a competitive market. With a strong commitment to sustainability and innovation, Fortress has achieved notable milestones, solidifying its position as a leader in the industry.
DitchCarbon Score
How does Fortress Real Estate's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Real Estate Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Fortress Real Estate's score of 25 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Fortress Real Estate's reported carbon emissions
In 2023, Fortress Real Estate reported total carbon emissions of approximately 221,994,000 kg CO2e. This figure includes Scope 1 emissions of about 1,705,000 kg CO2e, Scope 2 emissions of approximately 7,681,000 kg CO2e, and significant Scope 3 emissions totalling around 212,608,000 kg CO2e, which encompasses areas such as business travel and purchased goods and services. Comparatively, in 2022, Fortress's total emissions were about 249,219,000 kg CO2e, indicating a reduction in emissions year-on-year. The breakdown for 2022 included Scope 1 emissions of approximately 566,000 kg CO2e, Scope 2 emissions of about 8,230,000 kg CO2e, and Scope 3 emissions of around 240,423,000 kg CO2e. Despite these reductions, Fortress has not disclosed specific reduction targets or initiatives aimed at further decreasing their carbon footprint. The company has not committed to any science-based targets or climate pledges, which may limit their accountability in addressing climate change. Overall, Fortress Real Estate's emissions data reflects a significant carbon footprint, particularly in Scope 3 emissions, which are often the most challenging to manage. The company’s ongoing efforts to monitor and report emissions will be crucial as they navigate their climate commitments in the future.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 886,000 | 000,000 | 000,000 | 000,000 | 000,000 | 0,000,000 |
| Scope 2 | 9,855,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 293,570,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Fortress Real Estate is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
