Avalonbay Communities
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 45 is higher than 96% 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 2023, AvalonBay Communities reported total carbon emissions of approximately 15389000 kg CO2e for Scope 1, 23316000 kg CO2e for Scope 2 (market-based), and a significant 411301000 kg CO2e for Scope 3 emissions. This reflects their ongoing commitment to transparency in environmental impact reporting. AvalonBay has set ambitious targets to reduce its greenhouse gas emissions. The company aims to achieve a 53% reduction in Scope 1 and 2 emissions per square foot by 2030, using 2017 as the baseline year. Additionally, they are committed to reducing Scope 3 emissions by 47% per square foot within the same timeframe. These targets align with the Science Based Targets initiative (SBTi) and are designed to contribute to global efforts to limit temperature rise to 2°C. The company's emissions intensity metrics indicate a focus on improving efficiency, with a total Scope 1 and 2 emissions intensity of 12760 kg CO2e per full-time equivalent (FTE) in 2023. AvalonBay's proactive approach to managing its carbon footprint underscores its commitment to sustainability within the real estate sector.
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| 2013 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 12,874,000 | 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 | 50,402,000 | 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 | 0,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
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.
Avalonbay Communities is participating in some 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.
