Equity Residential
Equity Residential, a leading player in the real estate investment trust (REIT) sector, is headquartered in the United States. Founded in 1969, the company has established a strong presence in major urban markets across the country, focusing on the acquisition, development, and management of high-quality apartment communities. With a portfolio that spans over 300 properties, Equity Residential is renowned for its commitment to providing exceptional living experiences through innovative design and superior customer service. The company’s strategic emphasis on urban locations positions it favourably within the competitive multifamily housing market. Notable achievements include a consistent ranking among the top REITs in the industry, reflecting its robust operational performance and dedication to sustainability. Equity Residential continues to set the standard for excellence in residential living, making it a trusted choice for renters nationwide.
DitchCarbon Score
How does Equity Residential'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 Residential's score of 58 is higher than 99% 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 Residential's reported carbon emissions
In 2023, Equity Residential reported total carbon emissions of approximately 262,519,000 kg CO2e. This figure includes 62,911,000 kg CO2e from Scope 1 emissions, 46,120,000 kg CO2e from Scope 2 emissions, and 137,391,000 kg CO2e from Scope 3 emissions, primarily from downstream leased assets. Over the years, the company has demonstrated a commitment to reducing its carbon footprint. Notably, it aims to achieve a 30% reduction in absolute greenhouse gas emissions across all scopes (1, 2, and 3) by 2030, using 2018 as the baseline year. This target aligns with the Science Based Targets initiative (SBTi) and is classified as consistent with efforts to limit global warming to well below 2°C. In previous years, Equity Residential's emissions were as follows: 264,413,000 kg CO2e in 2021, 280,709,000 kg CO2e in 2022, and 262,109,000 kg CO2e in 2020. The company has made strides in managing its emissions, particularly in Scope 2, where it reported a significant reduction from 18,181,293,000 kg CO2e in 2018 to 46,120,000 kg CO2e in 2023. Equity Residential's ongoing efforts reflect a proactive approach to sustainability within the real estate sector, focusing on reducing emissions from operations and enhancing overall environmental performance.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 40,830,011,000 | 00,000,000 | 00,000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 18,181,293,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 51,897,500,000 | - | 00,000,000,000 | 000,000,000 | 000,000,000 | 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.
Equity Residential is participating in some 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.
