Acadia Realty Trust Sustainability Profile
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 50 is higher than 69% 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 2024, Acadia Realty Trust reported total carbon emissions of approximately 14514000 kg CO2e for Scope 1, 6446000 kg CO2e for Scope 2 (with a market-based total of 3227000 kg CO2e), and 118208000 kg CO2e for Scope 3 emissions. This reflects a commitment to transparency in their carbon footprint across all scopes, including significant contributions from business travel and employee commuting. The previous year, 2023, saw emissions of about 16243000 kg CO2e for Scope 1, 6488000 kg CO2e for Scope 2 (market-based total of 4027000 kg CO2e), and 115096000 kg CO2e for Scope 3. Notably, the company has set ambitious targets to achieve net zero GHG emissions for Scope 1 and 2 by 2050, with an interim goal of reducing these emissions by 30% from 2018 levels by 2030. Acadia Realty Trust's emissions data is not cascaded from any parent organisation, indicating that the figures are independently reported. The company is actively working towards its climate commitments, demonstrating a proactive approach to sustainability in the real estate sector.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 1,478,000 | 000,000 | 000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 6,426,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 93,839,000 | - | - | - | 000,000,000 | 000,000,000 |
How Carbon Intensive is Acadia Realty Trust's Industry?
How Carbon Intensive is Acadia Realty Trust's Location?
Acadia Realty Trust's Scope 3 Categories Breakdown
Acadia Realty Trust's Scope 3 emissions, which increased by 3% last year and increased by approximately 26% since 2019, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with detailed category breakdown helping identify key emission sources across their value chain.
Top Scope 3 Categories
Acadia Realty Trust's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Acadia Realty Trust has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
