FIRST CAPITAL REAL ESTATE INVESTMENT TRUST First Capital REIT announced that its 2030 greenhouse gas (GHG) reduction targets have been validated and approved by the Science Based Targets initiative (SBTi). Additionally, FCR initiated and led the inaugural Collaboration for Climate Action Forum, a co-operative property owner and tenant engagement forum to collaborate on the mutual goal of decarbonizing retail buildings in Canada. SBTi Approval of FCR's 2030 Emissions Reduction Targets The SBTi is a partnership between the United Nations Global Compact, World Resources Institute, the Worldwide Fund for Nature and the CDP (formerly the Carbon Disclosure Project).
The SBTi is a global body enabling businesses to set ambitious emissions reduction targets in line with the latest climate science. It is focused on accelerating companies across the world to halve emissions before 2030 and achieve net-zero emissions before 2050. FCR is now one of only two Canadian REITs to have its emissions reduction targets validated by the SBTi.
