Allied Properties Sets Science-Based Emissions Targets, Boosts Sustainable Portfolio
Allied Properties Real Estate Investment Trust (TSX:AP.UN) has achieved significant milestones in its commitment to sustainability. The company has set science-based emissions reduction targets for its rental and development portfolios, validated by the Science Based Targets initiative (SBTi). Additionally, Allied has shown continuous improvement in its GRESB score, reaching 87 for its standing investments in 2025.
Allied's dedication to environmental responsibility is evident in its increasing portfolio certification. The percentage of its properties certified to LEED and/or BOMA BEST rose from 41% in 2023 to 48% in 2024. Furthermore, the company has surpassed its five-year environmental reduction targets for greenhouse gas emissions, energy, and water consumption.
The specific science-based targets set by Allied within the SBTi framework, although not detailed, aim to align the company's emissions reduction goals with the latest climate science by May 2025. This commitment demonstrates Allied's proactive approach to addressing climate change and its dedication to sustainable real estate practices.
Allied Properties' latest achievements in sustainability, including its validated emissions reduction targets and improved GRESB score, reflect the company's ongoing commitment to environmental stewardship. By continually increasing its certified portfolio and surpassing environmental targets, Allied solidifies its position as a leader in sustainable real estate.
