Avalonbay Communities Sustainability Profile
AvalonBay Communities, Inc., commonly referred to as AvalonBay, is a prominent real estate investment trust (REIT) headquartered in the United States. Founded in 1978, the company has established a strong presence in major operational regions, including the East Coast, West Coast, and the Pacific Northwest. Specialising in the development, redevelopment, and management of high-quality apartment communities, AvalonBay is recognised for its commitment to sustainability and innovative living solutions. With a portfolio that includes over 290 communities, AvalonBay stands out for its focus on creating vibrant, amenity-rich environments that enhance the living experience. The company has achieved notable milestones, including being listed on the S&P 500, reflecting its strong market position and financial stability. AvalonBay's dedication to customer satisfaction and community engagement further solidifies its reputation as a leader in the multifamily housing industry.
DitchCarbon Score
How does Avalonbay Communities'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
Avalonbay Communities's score of 60 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Avalonbay Communities's reported carbon emissions
In 2024, AvalonBay Communities, headquartered in the US, reported total greenhouse gas emissions of approximately 14973000 kg CO2e for Scope 1, 18662000 kg CO2e for Scope 2 (market-based), and a significant 510956000 kg CO2e for Scope 3 emissions. The combined total for Scope 1 and 2 emissions was about 39996000 kg CO2e. AvalonBay has set ambitious climate commitments, aiming to reduce its Scope 1 and 2 emissions by 53% per square foot by 2030, using 2017 as the baseline year. Additionally, the company targets a 47% reduction in Scope 3 emissions per square foot within the same timeframe. These targets are aligned with the Science Based Targets initiative (SBTi) and are designed to contribute to limiting global warming to 2°C. The company has consistently disclosed its emissions across all three scopes, demonstrating transparency in its climate impact. AvalonBay's commitment to sustainability reflects its proactive approach in addressing climate change within the real estate sector.
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Access structured emissions data, company-specific emission factors, and source documents
| 2013 | 2015 | 2016 | 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 17,729,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 55,873,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 6,293,000 | 0,000,000 | 0,000,000 | 000,000,000 | 0,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Avalonbay Communities's Industry?
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Avalonbay Communities's Scope 3 Categories Breakdown
Avalonbay Communities's Scope 3 emissions, which increased by 7% last year and increased significantly since 2013, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Capital Goods" being the largest emissions source at 22% of Scope 3 emissions.
Top Scope 3 Categories
Avalonbay Communities'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.
Avalonbay Communities has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Avalonbay Communities's sustainability data and climate commitments