Elme Communities Sustainability Profile
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 13 is lower than 79% 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 8,335,000 kg CO2e in the US, comprising 650,000 kg CO2e from Scope 1 and 7,685,000 kg CO2e from Scope 2 emissions. This data reflects a commitment to transparency in their environmental impact, although no Scope 3 emissions data was disclosed. Comparatively, in 2022, the organisation's global emissions were about 5,620,000 kg CO2e, with Scope 1 emissions at 1,955,000 kg CO2e and Scope 2 emissions at approximately 3,665,000 kg CO2e (market-based). This indicates a significant increase in emissions in 2023, which may warrant further investigation into operational changes or growth factors. Elme Communities has not set specific reduction targets or initiatives as part of their climate commitments, nor do they participate in recognised frameworks such as the Science Based Targets initiative (SBTi). The absence of documented reduction initiatives suggests a need for strategic planning to address their carbon footprint effectively. Overall, while Elme Communities has made strides in reporting their emissions, the lack of reduction targets and initiatives highlights an opportunity for improvement in their climate strategy.
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| 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 | - | - | - |
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Elme Communities'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.
Elme Communities 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.
