Agree Realty Corporation
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 34 is higher than 61% 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 396,000,000 kg CO2e, comprising 1,200,000 kg CO2e from Scope 1, 1,200,000 kg CO2e from Scope 2, and a significant 394,000,000 kg CO2e from Scope 3 emissions. This represents a slight increase in Scope 1 and Scope 2 emissions compared to 2022, where they recorded 1,400,000 kg CO2e for both scopes, while Scope 3 emissions rose from 335,000,000 kg CO2e in 2022. The company has not set specific reduction targets or initiatives as part of its climate commitments, nor does it participate in the Science Based Targets initiative (SBTi). The absence of documented reduction targets indicates a potential area for future improvement in their sustainability strategy. Agree Realty Corporation's emissions data is self-reported and does not cascade from any parent organisation, ensuring that the figures reflect the company's direct operational impact. The company continues to disclose its emissions across all three scopes, demonstrating transparency in its environmental reporting.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 1,600,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 1,600,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 260,000,000 | 000,000,000 | 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.
Agree Realty Corporation 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.
