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 39 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Elme Communities's reported carbon emissions
In 2023, Elme Communities reported total carbon emissions of approximately 41,300,000 kg CO2e in the US, comprising 650,000 kg CO2e from Scope 1 and 8,335,000 kg CO2e from Scope 2 emissions. Globally, their emissions were significantly higher, with Scope 1 emissions at about 15,389,000 kg CO2e, Scope 2 emissions at approximately 23,316,000 kg CO2e (market-based), and Scope 3 emissions reaching about 411,301,000 kg CO2e. Elme Communities has set ambitious targets to reduce its carbon emissions by 63.3% by 2030, applicable to both Scope 1 and Scope 2 emissions. This commitment reflects a proactive approach to climate action, aligning with industry standards for sustainability and carbon reduction. The company’s emissions data is not cascaded from any parent organisation, indicating that these figures are independently reported. Elme Communities is focused on enhancing its sustainability practices and reducing its carbon footprint in the coming years.
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| 2017 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 15,396,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 51,651,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 426,798,000 | - | 000,000,000 | 000,000,000 | 000,000,000 |
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.
Elme Communities 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.
