Acadia Realty Trust

Acadia Realty Trust, an organisation in the real estate services industry (70) with its headquarters in the US, reported its carbon emissions for several years.

For the reporting year 2024, Acadia Realty Trust's total emissions were approximately 120.2 million kg CO2e. This total comprises approximately 2.0 million kg CO2e from Scope 1 emissions and about 118.2 million kg CO2e from Scope 3 emissions, notably including downstream leased assets. Scope 2 emissions data for 2024 was not available.

In the preceding year, 2023, the company's total emissions amounted to approximately 122.0 million kg CO2e. This included approximately 1.8 million kg CO2e in Scope 1 emissions, about 8.2 million kg CO2e in Scope 2 emissions (location-based), and approximately 115.1 million kg CO2e in Scope 3 emissions, with downstream leased assets being the largest contributor at about 114.7 million kg CO2e.

Acadia Realty Trust has set a target to achieve a 20% reduction in Scope 1 and 2 greenhouse gas (GHG) emissions on a like-for-like basis by the end of 2024, using a 2019 baseline. Furthermore, the company aims for a 46% absolute reduction by 2030, also from a 2019 baseline, aligning with the goals of the Paris Agreement. The organisation has also committed to achieving net zero Scope 1 and 2 GHG emissions by 2050. A near-term target includes reducing Scope 1 and 2 GHG emissions by 30% between 2018 and 2030.