Public Profile

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.

38

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.

26

Industry Benchmark

Eastgroup Properties's score of 38 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.

90%

Eastgroup Properties's reported carbon emissions

In 2023, Eastgroup Properties reported total carbon emissions of approximately 21,879,000 kg CO2e, comprising 2,000 kg CO2e from Scope 1, 188,000 kg CO2e from Scope 2, and about 21,689,000 kg CO2e from Scope 3 emissions. This represents a slight decrease in Scope 3 emissions compared to 2022, where they were approximately 22,612,000 kg CO2e. In 2022, the company recorded total emissions of about 22,612,000 kg CO2e, with 2,000 kg CO2e from Scope 1 and 205,000 kg CO2e from Scope 2. The emissions for 2021 were approximately 21,630,000 kg CO2e, with similar Scope 1 and Scope 2 figures of 2,000 kg CO2e and 188,000 kg CO2e, respectively. Despite these figures, Eastgroup Properties has not publicly committed to specific reduction targets or initiatives, nor have they aligned with the Science Based Targets initiative (SBTi). Their emissions data indicates a focus on transparency, but further commitments to climate action are not detailed.

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202120222023
Scope 1
2,000
0,000
0,000
Scope 2
188,000
000,000
000,000
Scope 3
21,630,000
00,000,000
00,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Eastgroup Properties's primary industry is Real estate services (70), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. Eastgroup Properties is headquartered in US, which has a rank of low, indicating low grid carbon 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 committed to any reduction initiatives 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
Carbon Disclosure Project
The Climate Pledge
UN Global Compact

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Where does DitchCarbon data come from?

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