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 43 is higher than 63% 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, headquartered in the US, reported total greenhouse gas emissions of approximately 15389000 kg CO2e for Scope 1 and about 23316000 kg CO2e for Scope 2 (market-based). The company’s Scope 3 emissions were significantly higher, totalling around 411301000 kg CO2e, with major contributions from downstream leased assets (approximately 237063000 kg CO2e) and purchased goods and services (about 75444000 kg CO2e). AvalonBay has set ambitious climate commitments, aiming to reduce its Scope 1 and 2 greenhouse gas emissions by 53% per square foot by 2030, using 2017 as the base 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 support the global effort to limit temperature rise to 2°C. The company has demonstrated a commitment to transparency by disclosing emissions data across all three scopes, which is crucial for tracking progress towards these reduction goals. AvalonBay's proactive approach in addressing its carbon footprint reflects its dedication to sustainability 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 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| 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 |
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 decreased by 2% 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 "Downstream Leased Assets" being the largest emissions source at 58% of Scope 3 emissions.
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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