Agree Realty Corporation Sustainability Profile
Agree Realty Corporation, commonly referred to as Agree Realty, is a prominent real estate investment trust (REIT) headquartered in the United States. Founded in 1971, the company has established a strong presence in the retail real estate sector, focusing primarily on the acquisition, development, and management of high-quality retail properties across major operational regions in the US. Specialising in single-tenant net lease properties, Agree Realty distinguishes itself through its strategic partnerships with leading national retailers, ensuring a robust portfolio that delivers consistent returns. The company has achieved significant milestones, including a notable expansion of its property holdings and a commitment to sustainable practices. With a strong market position, Agree Realty continues to be recognised for its innovative approach and dedication to enhancing shareholder value in the competitive real estate landscape.
DitchCarbon Score
How does Agree Realty Corporation'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
Agree Realty Corporation's score of 27 is lower than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Agree Realty Corporation's reported carbon emissions
In 2023, Agree Realty Corporation reported total carbon emissions of approximately 271,000 kg CO2e for Scope 1, 1,271,000 kg CO2e for Scope 2, and a significant 350,000,000 kg CO2e for Scope 3 emissions. This data highlights the company's substantial carbon footprint, particularly in Scope 3, which typically encompasses indirect emissions from the value chain. For the previous year, 2022, the company disclosed Scope 3 emissions of about 335,000,000 kg CO2e in the US, indicating a slight increase in this category. In 2021, Scope 3 emissions were reported at approximately 260,000,000 kg CO2e, suggesting a trend of rising emissions in this area. Despite the lack of specific reduction targets or initiatives, Agree Realty Corporation is actively engaged in monitoring and reporting its emissions. The company has not disclosed any science-based targets or climate pledges, which may limit its accountability in addressing climate change. The absence of documented reduction initiatives further underscores the need for a strategic approach to mitigate its carbon footprint. Overall, while Agree Realty Corporation has made strides in transparency regarding its emissions, the lack of clear reduction commitments may pose challenges in aligning with industry standards for climate action.
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| 2023 | |
|---|---|
| Scope 1 | 271,000 |
| Scope 2 | 1,271,000 |
| Scope 3 | 350,000,000 |
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Agree Realty Corporation'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.
Agree Realty Corporation 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.
