Growthpoint Properties
Growthpoint Properties, a leading South African real estate investment trust (REIT), is headquartered in Johannesburg, ZA. Established in 1987, the company has grown to become a prominent player in the property sector, focusing on the acquisition, development, and management of a diverse portfolio of commercial, retail, and industrial properties across South Africa and beyond. With a commitment to sustainability and innovation, Growthpoint Properties offers unique services that enhance tenant experiences and property value. The company is recognised for its strategic investments and has achieved notable milestones, including being the first South African REIT to be listed on the JSE. As a market leader, Growthpoint continues to set benchmarks in the industry, driving growth and delivering exceptional returns for its stakeholders.
DitchCarbon Score
How does Growthpoint Properties'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
Growthpoint Properties's score of 51 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Growthpoint Properties's reported carbon emissions
In 2024, Growthpoint Properties reported total carbon emissions of approximately 573,840,600 kg CO2e. This includes Scope 1 emissions of about 18,521,110 kg CO2e, primarily from stationary combustion, and Scope 2 emissions of approximately 45,034,760 kg CO2e, all from purchased electricity. The majority of their emissions, around 510,284,730 kg CO2e, fall under Scope 3, with significant contributions from downstream leased assets. In 2023, the company’s total emissions were about 597,970,960 kg CO2e, with Scope 1 emissions at approximately 18,487,340 kg CO2e and Scope 2 emissions at around 42,801,500 kg CO2e. Scope 3 emissions for that year were approximately 536,682,110 kg CO2e. Growthpoint Properties has set ambitious climate commitments, aiming to produce 20 MWp of solar power within its property portfolio by FY25, which will impact both Scope 1 and Scope 2 emissions. Additionally, the company targets achieving 40% of its electricity consumption from renewable sources by the end of FY28 and plans to have 20 net zero certified buildings by FY28. They also aim for 100% certification of all long-term hold office buildings by 2050. While Growthpoint Properties is committed to reducing its carbon footprint, it has not yet established specific near-term or long-term targets under the Science Based Targets initiative (SBTi). The company is currently in a transitory grace period for compliance with its commitment policies, with targets expected to be submitted by July 31, 2023.
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| 2015 | 2016 | 2017 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | 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.
Growthpoint Properties 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.
