Equity Lifestyle Properties, Inc. Sustainability Profile
Equity Lifestyle Properties, Inc. (often referred to as ELS) is a leading real estate investment trust (REIT) headquartered in the United States. Founded in 1992, the company has established a strong presence in the manufactured home and recreational vehicle (RV) community sectors, primarily operating across the United States and Canada. ELS focuses on acquiring, developing, and managing a diverse portfolio of properties, including manufactured home communities and RV resorts, which are distinguished by their high-quality amenities and strategic locations. With a commitment to enhancing the living experience for residents, Equity Lifestyle Properties has achieved significant milestones, positioning itself as a market leader in the industry. The company’s dedication to sustainable practices and community engagement further solidifies its reputation as a trusted name in the real estate sector.
DitchCarbon Score
How does Equity Lifestyle Properties, Inc.'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
Equity Lifestyle Properties, Inc.'s score of 27 is lower than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Equity Lifestyle Properties, Inc.'s reported carbon emissions
In 2022, Equity Lifestyle Properties, Inc. reported total carbon emissions of approximately 210.1 million kg CO2e. This figure includes Scope 1 emissions of about 17.8 million kg CO2e, Scope 2 emissions of approximately 32.3 million kg CO2e, and Scope 3 emissions totalling around 159.9 million kg CO2e. Notably, the Scope 3 emissions are primarily driven by downstream leased assets and waste generated in operations, contributing approximately 73.5 million kg CO2e and 84.3 million kg CO2e, respectively. Comparatively, in 2021, the company recorded total emissions of about 202.2 million kg CO2e, with Scope 1 at approximately 17.0 million kg CO2e, Scope 2 at around 30.9 million kg CO2e, and Scope 3 at about 154.2 million kg CO2e. This indicates a slight increase in total emissions year-on-year. Equity Lifestyle Properties, Inc. has not disclosed any specific reduction targets or initiatives as part of their climate commitments. The absence of Science-Based Targets Initiative (SBTi) reduction targets suggests a need for further development in their climate strategy. The company is not currently part of any significant climate pledges or initiatives that would enhance its sustainability profile. Overall, while the company has made strides in reporting its emissions, there remains an opportunity for Equity Lifestyle Properties, Inc. to establish more robust climate commitments and reduction strategies moving forward.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 17,041,000 | 00,000,000 |
| Scope 2 | 30,979,000 | 00,000,000 |
| Scope 3 | 154,210,000 | 000,000,000 |
How Carbon Intensive is Equity Lifestyle Properties, Inc.'s Industry?
How Carbon Intensive is Equity Lifestyle Properties, Inc.'s Location?
Equity Lifestyle Properties, Inc.'s Scope 3 Categories Breakdown
Equity Lifestyle Properties, Inc.'s Scope 3 emissions, which increased by 4% last year and increased by approximately 4% since 2021, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 76% of total emissions under the GHG Protocol, with "Waste Generated in Operations" being the largest emissions source at 53% of Scope 3 emissions.
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Equity Lifestyle Properties, Inc.'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.
Equity Lifestyle Properties, Inc. 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.
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