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 27 is higher than 53% 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 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 data highlights the company's substantial carbon footprint, particularly in Scope 3, which often includes emissions from the supply chain and product use. The company has set ambitious reduction targets, aiming for a 42% reduction in both Scope 1 and Scope 2 emissions by 2030, using 2022 as the baseline year. Additionally, there is a separate target for a 30% reduction in Scope 1 emissions based on a 2016 baseline, also set for completion by 2030. These commitments reflect Agree Realty's proactive approach to mitigating its environmental impact. As of now, there are no reported emissions data for 2022, but the company has disclosed Scope 3 emissions of approximately 335,000,000 kg CO2e for the US region in that year. The absence of Scope 1 and Scope 2 data for 2022 indicates a need for improved transparency in emissions reporting. Overall, Agree Realty Corporation's climate commitments and reduction initiatives demonstrate a clear intention to address its carbon emissions and contribute to broader sustainability goals within the real estate sector.
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| 2023 | |
|---|---|
| Scope 1 | 271,000 |
| Scope 2 | 1,271,000 |
| Scope 3 | 350,000,000 |
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.
