Acadia Realty Trust
Acadia Realty Trust, a prominent player in the real estate investment trust (REIT) sector, is headquartered in the United States. Founded in 1998, the company has established a strong presence in major urban markets, focusing on retail and mixed-use properties. Acadia Realty Trust is renowned for its strategic acquisitions and development of high-quality assets, which are primarily located in densely populated areas. The firm’s core services include property management, leasing, and development, with a unique emphasis on creating vibrant, community-oriented spaces. Acadia Realty Trust has achieved notable milestones, including a robust portfolio that reflects its commitment to sustainability and innovation. With a strong market position, the company continues to be recognised for its effective strategies in enhancing property value and tenant experience.
DitchCarbon Score
How does Acadia Realty 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
Acadia Realty Trust's score of 34 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Acadia Realty Trust's reported carbon emissions
In 2023, Acadia Realty Trust reported total carbon emissions of approximately 175,600 tonnes CO2e for Scope 1, 5,314 tonnes CO2e for Scope 2 (market-based), and a significant 115,096 tonnes CO2e for Scope 3 emissions. The combined Scope 1 and 2 emissions totalled about 7,070 tonnes CO2e (market-based). This marks a notable increase in emissions compared to 2022, where Scope 1 emissions were about 1,080 tonnes CO2e, Scope 2 emissions (market-based) were approximately 4,394 tonnes CO2e, and Scope 3 emissions data was not disclosed. Acadia Realty Trust has set ambitious climate commitments, aiming for net-zero Scope 1 emissions by 2045 and net-zero Scope 1 and 2 emissions by 2050. Additionally, they plan to reduce Scope 1 and 2 greenhouse gas emissions by 30% from 2018 levels by 2030. These targets reflect a long-term commitment to sustainability and align with industry standards for climate action. The emissions data is not cascaded from any parent organisation, and all figures are reported directly by Acadia Realty Trust. The company continues to focus on enhancing its sustainability practices while addressing its carbon footprint across all scopes of emissions.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 821,000 | 000,000 | 000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 5,560,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | 000,000,000 |
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.
Acadia Realty Trust is not participating in any 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.
