Alexandria Real Estate Equities, Inc. Sustainability Profile
Alexandria Real Estate Equities, Inc., commonly referred to as Alexandria, is a leading real estate investment trust (REIT) headquartered in the United States. Founded in 1994, the company has established a strong presence in key markets, including Boston, San Francisco, and San Diego, focusing primarily on the life sciences and technology sectors. Specialising in the development and management of high-quality office and laboratory spaces, Alexandria distinguishes itself through its commitment to creating innovative environments that foster collaboration and growth. The company has achieved significant milestones, including being the first REIT to focus exclusively on life sciences properties, which has solidified its market position as a trusted partner for biotech and pharmaceutical firms. With a robust portfolio and a reputation for excellence, Alexandria Real Estate Equities continues to lead the industry, driving advancements in the life sciences real estate sector.
DitchCarbon Score
How does Alexandria Real Estate Equities, Inc.'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
Alexandria Real Estate Equities, Inc.'s score of 32 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Alexandria Real Estate Equities, Inc.'s reported carbon emissions
In 2024, Alexandria Real Estate Equities, Inc. reported total carbon emissions of approximately 307,275,000 kg CO2e. This figure includes Scope 1 emissions of about 108,507,000 kg CO2e, Scope 2 emissions (market-based) of approximately 116,593,000 kg CO2e, and significant Scope 3 emissions from downstream leased assets, which totalled about 259,629,000 kg CO2e. Comparatively, in 2023, the company recorded total emissions of about 345,113,000 kg CO2e, with Scope 1 emissions at approximately 104,025,000 kg CO2e, Scope 2 emissions (market-based) at around 141,860,000 kg CO2e, and Scope 3 emissions from downstream leased assets reaching about 304,358,000 kg CO2e. Despite the lack of specific reduction targets or initiatives disclosed, Alexandria Real Estate Equities, Inc. is actively engaged in monitoring and reporting its emissions, as evidenced by its comprehensive disclosures for all three scopes of emissions. The company has not inherited emissions data from any parent organisation, and all reported figures are directly sourced from Alexandria Real Estate Equities, Inc. Overall, Alexandria Real Estate Equities, Inc. demonstrates a commitment to transparency in its carbon emissions reporting, although further details on reduction strategies and climate pledges would enhance its sustainability profile.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 104,025,000 | 000,000,000 |
| Scope 2 | 141,860,000 | 000,000,000 |
| Scope 3 | 304,358,000 | 000,000,000 |
How Carbon Intensive is Alexandria Real Estate Equities, Inc.'s Industry?
How Carbon Intensive is Alexandria Real Estate Equities, Inc.'s Location?
Alexandria Real Estate Equities, Inc.'s Scope 3 Categories Breakdown
Alexandria Real Estate Equities, Inc.'s Scope 3 emissions, which decreased by 15% last year and decreased by approximately 15% since 2023, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 54% of total emissions under the GHG Protocol, with "Downstream Leased Assets" representing nearly all of their reported Scope 3 footprint.
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Alexandria Real Estate Equities, Inc.'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.
Alexandria Real Estate Equities, Inc. 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.
