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 36 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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 about 394,000,000 kg CO2e from Scope 3 emissions. This marked an increase in total emissions compared to 2022, where emissions were approximately 336,000,000 kg CO2e, with 1,400,000 kg CO2e from both Scope 1 and Scope 2, and about 335,000,000 kg CO2e from Scope 3. In 2021, the company reported total emissions of around 262,000,000 kg CO2e, with 1,600,000 kg CO2e from Scope 1, 1,600,000 kg CO2e from Scope 2, and approximately 260,000,000 kg CO2e from Scope 3. Despite these figures, Agree Realty Corporation has not disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of defined climate pledges or science-based targets indicates a potential area for improvement in their sustainability strategy. The company continues to operate within the real estate sector, which is increasingly scrutinised for its environmental impact, highlighting the importance of robust climate commitments moving forward.
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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 committed to any reduction initiatives 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.
