Elme Communities
Elme Communities, headquartered in the United States, is a prominent player in the real estate investment trust (REIT) sector, specialising in the acquisition, development, and management of multifamily residential properties. Founded in 2018, the company has rapidly established a strong presence in key operational regions, focusing on urban and suburban markets across the East Coast. With a commitment to enhancing community living, Elme Communities offers a diverse portfolio of high-quality apartment homes that prioritise sustainability and modern amenities. Their unique approach to property management and resident engagement sets them apart in the competitive landscape. Recognised for their strategic growth and innovative developments, Elme Communities continues to solidify its market position, making significant strides in the multifamily housing industry.
DitchCarbon Score
How does Elme 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
Elme Communities's score of 5 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Elme Communities's reported carbon emissions
In 2022, Elme Communities reported total carbon emissions of approximately 5,620,000 kg CO2e, comprising 1,955,000 kg CO2e from Scope 1 and 3,665,000 kg CO2e from Scope 2 (market-based). This marked an increase from 2021, where emissions were about 5,072,000 kg CO2e, with Scope 1 emissions at 1,738,000 kg CO2e and Scope 2 emissions at 3,334,000 kg CO2e (market-based). In 2020, the company recorded total emissions of around 4,521,000 kg CO2e, with Scope 1 at 1,508,000 kg CO2e and Scope 2 at 3,014,000 kg CO2e (market-based). Despite these figures, Elme Communities has not publicly disclosed specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction targets suggests a need for further clarity on their long-term sustainability strategies. The company continues to monitor its emissions and aims to improve its emissions intensity, which has shown a decreasing trend from 0.353 kg CO2e per square foot in 2020 to 0.325 kg CO2e per square foot in 2022.
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Add to project| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 1,508,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 3,014,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - |
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.
Elme Communities 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.
