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 28 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 1756000 kg CO2e for Scope 1, 5314000 kg CO2e for Scope 2 (market-based), and a significant 115096000 kg CO2e for Scope 3 emissions. The combined total for Scope 1 and 2 emissions was about 7070000 kg CO2e (market-based). This data reflects a comprehensive approach to emissions reporting, covering all three scopes. Comparatively, in 2022, the company recorded Scope 1 emissions of about 1080000 kg CO2e and Scope 2 emissions of approximately 5996000 kg CO2e (market-based), with no reported Scope 3 emissions. The trend shows a notable increase in emissions, particularly in Scope 3, which is often the largest source of emissions for real estate firms. Acadia Realty Trust has not set specific reduction targets or initiatives as per the latest data, indicating a potential area for future commitment. The absence of Science-Based Targets Initiative (SBTi) commitments or other formal climate pledges suggests that while the company is actively reporting its emissions, it may not yet be engaging in structured reduction strategies. Overall, Acadia Realty Trust's emissions data highlights the importance of addressing both operational and supply chain emissions, particularly in the context of the real estate sector's broader climate impact.
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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.
