Apartment Income REIT Corp. Sustainability Profile
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 79% 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 2024, Apartment Income REIT Corp. reported total carbon emissions of approximately 104,745,000 kg CO2e, with Scope 1 emissions at about 14,163,000 kg CO2e and Scope 2 emissions at approximately 90,583,000 kg CO2e. This data reflects their commitment to transparency in emissions reporting, although no Scope 3 emissions data is currently available. The company has set ambitious reduction targets, aiming for a 15% reduction in greenhouse gas intensity over a 2019 baseline by 2025. This target applies to both Scope 1 and Scope 2 emissions, with initiatives focused on increasing energy efficiency and utilising renewable energy sources. In 2023, Apartment Income REIT Corp. reported total emissions of about 110,752,000 kg CO2e in the US, with Scope 1 emissions at approximately 14,626,000 kg CO2e and Scope 2 emissions at around 96,127,000 kg CO2e. The previous year's global Scope 1 emissions were reported at about 22,612,000 kg CO2e, indicating a proactive approach to managing their carbon footprint. Overall, Apartment Income REIT Corp. is actively working towards reducing its carbon emissions and enhancing sustainability practices within its operations.
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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 | - | - | - | - | - |
How Carbon Intensive is Apartment Income REIT Corp.'s Industry?
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Apartment Income REIT Corp.'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.
Apartment Income REIT Corp. 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.
