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.
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.
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.
Agree Realty Corporation's score of 31 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Agree Realty Corporation reported total carbon emissions of approximately 352,000,000 kg CO2e, comprising 271,000 kg CO2e from Scope 1, 1,271,000 kg CO2e from Scope 2, and a significant 350,000,000 kg CO2e from Scope 3 emissions. This marks a notable increase in Scope 1 emissions from 1,400,000 kg CO2e in 2021 and 1,200,000 kg CO2e in 2022, while Scope 2 emissions decreased from 1,000,000 kg CO2e in 2021 and 800,000 kg CO2e in 2022. Scope 3 emissions have remained relatively stable, with 335,000,000 kg CO2e in 2022 and 260,000 kg CO2e in 2021. Despite these figures, Agree Realty Corporation has not set specific reduction targets or climate pledges, indicating a potential area for improvement in their sustainability strategy. The company does not inherit emissions data from any parent organisation, and all reported figures are derived directly from their own disclosures. As the company continues to navigate its carbon footprint, it is essential for Agree Realty Corporation to consider establishing science-based targets to align with industry standards and enhance its climate commitments.
Access structured emissions data, company-specific emission factors, and source documents
2021 | 2022 | 2023 | |
---|---|---|---|
Scope 1 | 1,400,000 | 0,000,000 | 000,000 |
Scope 2 | 1,000,000 | 000,000 | 0,000,000 |
Scope 3 | 260,000 | 000,000 | 000,000,000 |
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.