RioCan Real Estate Investment Trust | Sustainability Performance
Manages and develops commercial real estate, focusing on retail, mixed-use, and urban properties. Operations include leasing, asset management, and redevelopment projects that cater to evolving consumer needs and tenant requirements, with long-term portfolio growth as a key priority.
1993
Canada
201 - 500 employees
Real Estate
$1B - 10B in revenue
$25M - 100M in profitability
Sustainability Ranking & Industry Benchmark
#805
Overall#20
in Canada#32
in Real EstateSustainability Maturity
Sustainability Intent
Overview
Environmental
Carbon emissionsEnergy consumptionWaste managementWater managementNature and biodiversityNature riskClimate riskSocial
Diversity and inclusionPay gapsHealth and safetyExternalitiesGovernance
TargetsSDG ImpactESG scores and exclusionsB-corp & CDPFinancial Data
Business performanceCapital & innovation
CO2 scope 1 + 2
Aligned
Waste generated
Laggard
Female engagement
Leading
Externalities
Aligned
Market cap
Revenue
Carbon emissions
Reveal data for 1 credit
Industry rank: 47 out of 591
Total CO2 emissions
(CO2e tonnes)
Industry rank: 47 out of 591
Scope 1
Scope 2 location based
Scope 3 downstream
Scope 3 upstream
Industry benchmark
(adj. for revenues)
(adj. for revenues)
Renewable energy
Reveal data for 1 credit
Industry rank: Beyond Top 100
Total energy consumption
and % renewables
(MWh, % of consumption)
Industry rank: Beyond Top 100
Total energy
Share of renewable energy
Industry benchmark
Renewable electricity
Reveal data for 1 credit
Industry rank: Beyond Top 100
Total electricity consumption
and % renewables
(MWh, % of consumption)
Industry rank: Beyond Top 100
Total electricity
Share of renewable electricity
Industry benchmark
Intensity
Greenhouse gas intensity Scope 1, 2 (tCO₂e /$M)
Greenhouse gas intensity (Scope 1, 2, 3)(tCO₂e /$M)
Water consumption intensity (m³ /$M)
Industry Benchmark
9.8
B/M 22.8
131.8
B/M 191.2
2.4K
B/M 928.7
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Female engagement
Reveal data for 1 credit
Share of female employees (%)
25
50
75
100
Company
Benchmark
Waste
Reveal data for 1 credit
33.2K2024
Total waste generated (tonnes)
Total waste
Recovered & recycled
Not-recovered & not-recycled
Industry Benchmark
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Controversy level
- RioCan Real Estate Investment Trust, Canadian major shopping center REIT, has faced sustained Canadian tenant advocacy criticism over shopping center practices following the broader 2024 Canadian retail market normalization, plus periodic class actions over alleged inadequate disclosure of Canadian institutional tenant credit concentration risks affecting Canadian institutional minority unitholders.
Carbon emissions breakdown
Reveal data for 2 credits
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Energy consumption breakdown
Reveal data for 2 credits
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Climate risk
OverallAcuteChronic
Reveal data for 20 credits
Unlock Acute & Chronic52Moderate
$7.5Mestimated revenue at risk
Thematic risk scoresESRS aligned scoresComing soon
Download Climate Risk AnalysisPowered by illuminem and GIST impactNature risk
Reveal data for 10 credits
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Production loss
Reveal data for 5 credits
Share of company output at risk (%)
Direct operations
Upstream supply chain
Revenue at risk
Reveal data for 5 credits
Production-loss NVaR expressed in monetary terms ($)
Direct revenue at risk
Upstream revenue at risk
Assets exposed to sensitive locations
Reveal data for 5 credits
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Biodiversity loss in km²
Reveal data for 2 credits
Biodiversity loss in terms of the equivalent land affected (km²e)
Total biodiversity loss (km²e)
Industry benchmark
Biodiversity loss in CO2e
Reveal data for 2 credits
Total biodiversity loss as CO2e tonnes
Total biodiversity loss (CO2e tonnes)
Industry benchmark
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Potential species loss
Reveal data for 2 credits
Estimated nature species lost due to corporate activity, expressed as Potentially Disappeared Fraction (PDF)
One row per year, with the latest at the top. Each driver uses its own scale.
Low ImpactHigh Impact
Industry benchmark
Biodiversity impact
Reveal data for 2 credits
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PDF: Potentially Disappeared Fraction (of species) due to corporate activities
Waste management
Reveal data for 2 credits
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| 2020 | 2021 | 2022 | 2023 | 2024 | Benchmark | ||
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Water management
Reveal data for 2 credits
| KPI | Metric | Year | |||||
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| 2020 | 2021 | 2022 | 2023 | 2024 | Benchmark | ||
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Land use
Reveal data for 2 credits
| KPI | Metric | Year | |||||
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Diversity & inclusion
Reveal data for 3 credits
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Pay gap breakdown
Reveal data for 1 credit
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Health & safety
Reveal data for 2 credits
| KPI | Metric | Year | |||||
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| 2019 | 2020 | 2021 | 2022 | 2023 | Benchmark | ||
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Externalities
Reveal data for 1 credit
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| 2020 | 2021 | 2022 | 2023 | 2024 | Benchmark | ||
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Market cap
Revenue
EBITDA
Operating margin
Margin trends
Margin as % of revenue
Gross margin
Operating margin
Net margin
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Free cashflow
Capex
Debt/equity ratio
Return on invested capital
3.0%FY2026
Return on invested capital (ROIC)
Industry benchmark
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Environmental policy coverage
Carbon reduction policy
Available
Human rights policy
Available
Recycling policy
Available
Workplace health & safety policy
Available
39%
Independent Directors
7 out of 18 incl. management
SBTi targets and commitments
| Target | Status | Temperature alignment | Year |
|---|---|---|---|
| Near-term target | Targets set | 1.5°C | 2030 |
| Long-term target | Targets set | 1.5°C | 2050 |
| Net-zero | Targets set | - | 2050 |
| Business Ambition 1.5°C | Member | - | 2023 |
Target details
Overall Net-Zero Target RioCan Management Inc commits to reach net-zero GHG emissions across the value chain by 2050. Near-Term Targets RioCan Management Inc. commits to reduce absolute scope 1 and 2 emissions 46.2% by 2030 from a 2019 base year. RioCan Management Inc. also commits to reduce absolute scope 3 emissions from downstream-leased assets 28% within the same timeframe. RioCan Management Inc. further commits to reduce scope 3 emissions from capital goods 55.0% per square foot within the same timeframe. Long-Term Targets RioCan Management Inc. commits to reduce absolute scope 1, 2 and 3 GHG emissions 90% by 2050 from a 2019 base year.
Powered by illuminem and Science Based Targets initiative. Last updated: 25 Jan 2024Sustainability targets and commitments
| Target | Year | Value | Scope | Baseline |
|---|
Overall score
94
Environment
99
Social
99
Governance
84
Exclusion screening
Adult content
Not available
Alcoholic
Not available
Animal testing
Not available
Firearms
Not available
Tobacco
Not available
Gambling
Not available
Nuclear
Not available
CDP Scores
Climate Score
Not disclosed
Water Score
Not disclosed
A
A-
B
B-
C
C-
D
D-
SDG impact
Reveal data for 5 credits
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SDG impact (historical)
Reveal data for 5 credits
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