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Work Plan Emissions


Environmental

FibraShop’s work plan is to meet its goal to reduce its emissions to 2030. This plan is based on the methodology proposed by SBTi, which aims to limit the global temperature increase to 1.5°C as set out in the Paris Agreement and reaffirmed by the IPCC (Intergovernmental Panel on Climate Change) in its latest report.

Emissions

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Indeed, emissions from the real estate sector have a significant impact on climate change and the environment overall. Both commercial and residential buildings today contribute a substantial portion of greenhouse gas emissions, both directly and indirectly.

At FibraShop, we recognize the importance of incorporating emissions measurement and reduction activities in our properties. This is aimed at preparing our assets and operations to address the risks arising from climate change as well as the future carbon price.

For our comparisons and variations, we compare the 2022 results with those of 2019 (our base year).

2019202020212022Var
emissions
2019-2022
Units
Emissions 1Gasoline67.2952.2126.4929.69-55.88%tCO2e
Natural gas84.1172.6240.2547.64-43.34%tCO2e
Diesel27.5623.8913.7610.18-63.06%tCO2e
Gas LP00.193.994.932,494.73%4tCO2e
Total emissions direct 1178.96148.9184.4992.44-48.34%tCO2e
Total emissions indirect 2 (electricity)10,431.385,736.755,309.476,856.24-34.27%tCO2e
Total emissions10,610.075,885.665,393.966,948.68-34.51%tCO2e
Emissions Intensity10.185.643.865.01-50.78%kgCO2e/m2

In 2022, we generated 13,245.73 GJ of energy from our photovoltaic system, equivalent to avoiding 1,601 tCO2e (metric tons of carbon dioxide equivalent). This amount represents 23% of the total GHG emissions generated in 2022

Emission Reduction Initiatives

We are about to initiate the process to project and determine the timeframe for becoming a carbon-neutral REIT by 2024. Nevertheless, our current efforts to reduce emissions are built upon two pillars. First, optimizing energy efficiency in each property to minimize consumption, and then transitioning that consumption to come from renewable sources.