Acadia Realty Trust

Acadia Realty Trust's reported carbon emissions

Acadia Realty Trust, a real estate services company headquartered in the US, has reported its carbon emissions for several years. In 2024, the company's total emissions were approximately 120.2 million kg CO2e. This total comprised Scope 1 emissions of about 2.0 million kg CO2e and Scope 3 emissions of approximately 118.2 million kg CO2e, with the majority of Scope 3 emissions stemming from downstream leased assets. For 2023, total emissions were around 125.0 million kg CO2e, including Scope 1 emissions of approximately 1.8 million kg CO2e, Scope 2 emissions (location-based) of about 8.2 million kg CO2e, and Scope 3 emissions of roughly 115.1 million kg CO2e. Acadia Realty Trust has established several climate commitments. The company aims to achieve a 20% reduction in Scope 1 and 2 GHG emissions on a like-for-like basis by the end of 2024, using a 2019 baseline. Looking further ahead, Acadia Realty Trust is committed to a 46% absolute reduction in emissions by 2030, aligning with the goals of the Paris Agreement, also from a 2019 baseline. For Scope 1 and 2 emissions, a long-term target is to achieve net-zero emissions by 2050. Additionally, there is a near-term goal to reduce Scope 1 and 2 GHG emissions by 30% between 2018 and 2030.