Apartment Income REIT Corp.
Apartment Income REIT Corp., commonly referred to as AIR, is a prominent real estate investment trust headquartered in the United States. Founded in 2019, the company focuses on acquiring, owning, and managing high-quality apartment communities across key metropolitan areas in the US. With a strategic emphasis on urban and suburban markets, AIR has quickly established itself as a leader in the multifamily housing sector. The core offerings of Apartment Income REIT include a diverse portfolio of residential properties that cater to a wide range of tenants, ensuring a steady income stream and long-term value. Notable for its commitment to sustainability and community engagement, AIR has achieved significant milestones in property management and tenant satisfaction. As a trusted name in the industry, Apartment Income REIT Corp. continues to enhance its market position through innovative practices and a dedication to quality living environments.
DitchCarbon Score
How does Apartment Income REIT Corp.'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
Apartment Income REIT Corp.'s score of 18 is lower than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Apartment Income REIT Corp.'s reported carbon emissions
In 2023, Apartment Income REIT Corp. reported total Scope 1 emissions of approximately 22,612,000 kg CO2e. This marks a significant reduction from 2021, when emissions were about 55,654,000 kg CO2e. The company has set ambitious near-term targets to reduce greenhouse gas emissions by 15% relative to a 2019 baseline by 2025, focusing on increasing energy efficiency and utilising renewable energy sources. This target applies to both Scope 1 and Scope 2 emissions, with a similar goal of achieving 15% energy use intensity savings over the same timeframe. The emissions data indicates a consistent commitment to reducing carbon footprints, with reported Scope 1 emissions decreasing from approximately 64,704,000 kg CO2e in 2020 and 57,243,000 kg CO2e in 2019. However, the company has not disclosed any Scope 2 or Scope 3 emissions data for 2023, which limits the overall assessment of its climate impact. Overall, Apartment Income REIT Corp. is actively working towards its climate commitments, demonstrating a clear trajectory of emissions reduction and energy efficiency improvements.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 57,243,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 38,628,000 | 00,000,000 | - | - | - |
| Scope 3 | - | - | - | - | - |
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.
Apartment Income REIT Corp. 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.
