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 64% 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 significant carbon emissions, totalling approximately 8,485,000 kg CO2e, which includes 650,000 kg CO2e from Scope 1 and 8,335,000 kg CO2e from Scope 2 emissions. The company 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, aiming for substantial reductions in its operational carbon footprint. Globally, Elme Communities' emissions for 2023 were reported at about 411,301,000 kg CO2e, with Scope 3 emissions being the most significant contributor at approximately 411,301,000 kg CO2e. This includes emissions from business travel, upstream and downstream leased assets, and purchased goods and services. Elme Communities' climate commitments are not only focused on reducing emissions but also align with industry standards for sustainability. The company is actively working towards these targets, demonstrating a commitment to environmental responsibility and climate resilience.
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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.
