Eastgroup Properties Sustainability Profile
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 24 is lower than 56% 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 for Scope 3, 207,000 kg CO2e for Scope 2, and 3,000 kg CO2e for Scope 1, within the US. This reflects a slight decrease in Scope 1 emissions from 2,000 kg CO2e in 2023, while Scope 2 emissions increased from 216,000 kg CO2e in 2023. Scope 3 emissions also decreased from 22,405,000 kg CO2e in 2023. Eastgroup Properties has set ambitious climate commitments, aiming for net zero emissions by 2030 for both Scope 1 and Scope 2 emissions. This target was established in 2023 and demonstrates the company's commitment to reducing its carbon footprint in the near term. The emissions data is not cascaded from any parent organization, indicating that Eastgroup Properties independently reports its carbon emissions and climate initiatives. The company continues to focus on sustainability and reducing its environmental impact as part of its corporate responsibility strategy.
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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 |
How Carbon Intensive is Eastgroup Properties's Industry?
How Carbon Intensive is Eastgroup Properties's Location?
Eastgroup Properties'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.
Eastgroup Properties 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.
