Carbonhound’s user-friendly interface and intuitive features greatly simplified the process of entering our data to effectively assess and track our carbon footprint.
Automotive Properties REIT is an unincorporated, open-ended real estate investment trust focused on owning and acquiring primarily income-producing automotive properties in Canada. The REIT’s portfolio currently consists of 77 income-producing commercial properties, representing approximately 2.8 million square feet of gross leasable area, in metropolitan markets across British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Québec.
Why complete a greenhouse gas emission report?
Institutional investors have been increasingly asking their portfolio companies to report on their climate impact as part of their overall corporate governance and continuous disclosure practices. Standards for climate reporting are becoming increasingly important as regulations come in from the SEC, OSFI, and other regulatory bodies.
In 2022, APR released an ESG and Sustainability Plan outlining their commitment to identifying and evaluating ESG opportunities, formalizing ESG objectives and increasing disclosure moving forward. The next step was for APR to better understand, quantify and verify their climate impact in order to devise a plan to reduce carbon emissions.
Increasing reporting standards, and interest from analysts and investors motivated APR to find a climate reporting solution to better understand their climate impact and verify their emissions to feel confident about their climate journey.
Why Carbonhound?
The automated data input in Carbonhound’s proprietary software creates a more efficient and easy-to-use process for businesses like APR who do not have internal ESG expertise.
Carbonhound’s concierge service also helped APR understand and identify what sources contribute to their carbon footprint.
In just five months, APR was able to quantify their direct climate impact and verify their reporting.
How does APR use Carbonhound to reach their sustainability goals?
After identifying their main emission sources (head office, employee commutes and business travel, etc.), APR was able to quantify all of their Scope 1, 2, and 3 emissions under their operational control. Since Carbonhound’s calculations are verified against ISO 14064-3 and GHG Protocol standards, APR could confidently submit their carbon inventory for final verification.
With a verified inventory and access to their dashboard in Carbonhound, APR can now identify and implement the reduction initiatives that will have the most impact.
Within five months, APR was able to understand, quantify and verify their carbon emissions and are now in a position to work towards being a carbon neutral company.
