Eastgroup Properties
EastGroup Properties, Inc., commonly referred to as EastGroup, is a prominent real estate investment trust (REIT) headquartered in the United States. Established in 1969, the company has carved a niche in the industrial property sector, focusing primarily on the development, acquisition, and management of high-quality logistics and distribution facilities. With a strong presence in key markets across the Sunbelt region, EastGroup has consistently demonstrated its commitment to excellence and innovation. The company’s portfolio features over 40 million square feet of strategically located properties, catering to the growing demand for e-commerce and logistics solutions. EastGroup's unique approach to property management and development has positioned it as a leader in the industrial real estate market. Notable achievements include a robust track record of consistent growth and a reputation for delivering value to shareholders, making EastGroup a trusted name in the industry.
DitchCarbon Score
How does Eastgroup Properties'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
Eastgroup Properties's score of 18 is lower than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Eastgroup Properties's reported carbon emissions
In 2024, Eastgroup Properties reported total carbon emissions of approximately 20,113,000 kg CO2e from Scope 3, 207,000 kg CO2e from Scope 2, and 3,000 kg CO2e from Scope 1. This reflects a significant reliance on Scope 3 emissions, which represent the majority of their carbon footprint. Comparatively, in 2023, the company recorded emissions of about 22,405,000 kg CO2e in Scope 3, 216,000 kg CO2e in Scope 2, and 2,000 kg CO2e in Scope 1. This indicates a reduction in Scope 3 emissions by approximately 2,292,000 kg CO2e year-on-year, showcasing a positive trend in their emissions management. Eastgroup Properties has set ambitious climate commitments, aiming for net zero emissions across both Scope 1 and Scope 2 by 2030. This target was established in 2023, demonstrating their proactive approach to climate action. The company is currently working towards these goals, although specific reduction percentages have not been disclosed. Overall, Eastgroup Properties is actively addressing its carbon emissions and is committed to achieving significant reductions in the near term, aligning with industry standards for climate responsibility.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 2,000 | 0,000 |
| Scope 2 | 188,000 | 000,000 |
| Scope 3 | 21,630,000 | 00,000,000 |
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.
Eastgroup Properties 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.
