Retail Estates
Retail Estates, headquartered in Belgium, is a prominent player in the retail real estate sector, specialising in the acquisition, development, and management of retail properties. Founded in 1999, the company has established a strong presence across major operational regions in Belgium and beyond, focusing on enhancing the retail landscape. With a diverse portfolio that includes shopping centres, retail parks, and standalone stores, Retail Estates is recognised for its strategic approach to property investment and development. The company’s commitment to sustainability and innovation sets it apart in the industry, ensuring that its properties meet the evolving needs of consumers and retailers alike. As a leader in the retail real estate market, Retail Estates has achieved significant milestones, including a robust market position and a reputation for delivering high-quality retail environments. Its unique blend of expertise and vision continues to drive growth and success in the competitive retail sector.
DitchCarbon Score
How does Retail Estates'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
Retail Estates's score of 48 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Retail Estates's reported carbon emissions
In 2024, Retail Estates reported total carbon emissions of approximately 42,111,000 kg CO2e. This figure includes Scope 1 emissions of about 734,000 kg CO2e, Scope 2 emissions of approximately 865,000 kg CO2e, and a significant contribution from Scope 3 emissions, which totalled around 41,212,000 kg CO2e. Notably, the majority of Scope 3 emissions stem from capital goods, accounting for about 39,611,000 kg CO2e. In 2023, the company recorded total emissions of approximately 42,626,000 kg CO2e, with Scope 1 emissions at about 766,000 kg CO2e, Scope 2 emissions at around 519,000 kg CO2e, and Scope 3 emissions reaching approximately 41,341,000 kg CO2e. Retail Estates has set ambitious climate commitments, aiming for CO2 neutrality by 2030 for both Scope 1 and Scope 2 emissions. Additionally, the company plans to reduce its direct greenhouse gas emissions by 30% from 2021 levels by 2025, alongside a similar target for indirect emissions. These initiatives reflect Retail Estates's commitment to addressing its carbon footprint and contributing to climate action.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 766,000 | 000,000 |
| Scope 2 | 519,000 | 000,000 |
| Scope 3 | 41,341,000 | 00,000,000 |
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.
Retail Estates 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.
