Essex Property Trust
Essex Property Trust, Inc., commonly referred to as Essex, is a leading real estate investment trust (REIT) headquartered in the United States. Established in 1971, the company primarily operates in the multifamily residential sector, focusing on the acquisition, development, and management of apartment communities across key markets in California and the Pacific Northwest. With a portfolio that includes over 60,000 apartment homes, Essex distinguishes itself through its commitment to sustainability and community engagement. The company has achieved notable milestones, including recognition for its innovative design and operational excellence. As a prominent player in the multifamily housing industry, Essex Property Trust continues to set benchmarks for quality living environments, making it a trusted choice for residents and investors alike.
DitchCarbon Score
How does Essex Property Trust's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Real Estate Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Essex Property Trust's score of 30 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Essex Property Trust's reported carbon emissions
As of 2023, Essex Property Trust reported total carbon emissions of approximately 43,800,000 kg CO2e, comprising about 31,871,000 kg CO2e from Scope 1 and about 11,492,000 kg CO2e from Scope 2 emissions. This reflects a continued commitment to reducing their carbon footprint within the real estate sector. Over the years, Essex Property Trust has demonstrated a proactive approach to emissions management. In 2022, the company achieved a reduction in total emissions compared to previous years, with Scope 1 emissions decreasing from approximately 33,988,000 kg CO2e in 2021 to 31,616,000 kg CO2e in 2022. Similarly, Scope 2 emissions fell from about 14,042,000 kg CO2e in 2021 to 12,180,000 kg CO2e in 2022. Essex Property Trust is committed to near-term emissions reduction targets, although specific numerical targets have not been disclosed. The company has not yet committed to a net-zero target but remains focused on improving its sustainability practices. Their ongoing efforts align with industry standards for climate action, reflecting a dedication to environmental stewardship in the real estate sector.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 33,064,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 21,547,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Essex Property Trust is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
