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Essex Property Trust
Real Estate ServicesUnited StatesNYSE: ESS
Last verified 27 days agoessexapartmenthomes.com
Essex Property Trust, Inc., a prominent player in the real estate services industry, is headquartered in the United States and primarily operates across the West Coast, including key markets such as California and Washington. Founded in 1971, the company has established itself as a leader in multifamily residential properties, focusing on the acquisition, development, and management of high-quality apartment communities.
With a portfolio that boasts over 60,000 apartment homes, Essex Property Trust is renowned for its commitment to sustainability and innovative living solutions. The company’s unique approach to property management and resident services sets it apart in a competitive market. Recognised for its strong market position, Essex has received numerous accolades for its operational excellence and community engagement, solidifying its reputation as a trusted name in real estate.
33
DitchCarbon score
+4 vs industry average
Essex Property Trust’s score of 33 is lower than 49% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
High
Real Estate Services has above-average carbon intensity
Industry performance
0.221
20182025
The Real Estate Services industry has reduced its overall emissions by 17% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Essex Property Trust's reported carbon emissions
Essex Property Trust, a US-based real estate services company, reported Scope 1 emissions of approximately 28,969,000 kg CO2e and Scope 2 emissions of approximately 9,389,000 kg CO2e in 2024. In 2023, these figures were approximately 31,871,000 kg CO2e for Scope 1 and 11,492,000 kg CO2e for Scope 2. For 2022, the company reported Scope 1 emissions of approximately 31,616,000 kg CO2e and Scope 2 emissions of approximately 12,180,000 kg CO2e.
Essex Property Trust has committed to reducing its Scope 1 and 2 absolute greenhouse gas emissions by 67.2% by 2034 from a 2018 base year, a target classified as consistent with a 1.5°C warming scenario by the Science Based Targets initiative (SBTi). The company also aims to achieve net-zero Scope 1 and Scope 2 emissions by 2050. Additionally, Essex Property Trust commits to reducing absolute Scope 3 GHG emissions from purchased goods and services, upstream transportation and distribution, waste generated in operations, and downstream leased assets by 35% by 2034 from a 2023 base year.
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Essex Property Trust’s Climate Goals (2030 & 2050)
3 goals2034
67.2% reduction in Scope 2
Essex Property Trust, Inc. commits to reduce scope 1 and 2 absolute GHG emissions 67.2% by 2034 from a 2018 base year.
On track67.2%
2034
67.2% reduction in Scope 1
Essex Property Trust, Inc. commits to reduce scope 1 and 2 absolute GHG emissions 67.2% by 2034 from a 2018 base year.
Behind target67.2%
2034
35% reduction in scope 3 total
Essex Property Trust, Inc. also commits to reduce absolute scope 3 GHG emissions from purchased goods and services, upstream transportation…
Insufficient data35%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
2034 targetSee details
Active
Carbon Disclosure Project
2025 disclosureSee details
Not active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
See details
Not active
RE 100
See details
Not active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Essex Property Trust27 days ago
33
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Frequently asked questions
Common questions about Essex Property Trust’s sustainability data and climate commitments
In 2024, Essex Property Trust reported total Scope 1 and Scope 2 carbon emissions of approximately 38.4 million kg CO2e. This figure is composed of roughly 29 million kg CO2e from Scope 1 emissions and about 9.4 million kg CO2e from Scope 2 emissions. As a US-based real estate services company, understanding these direct and indirect operational emissions is crucial for assessing the company's environmental impact and its progress towards stated climate goals. This data reflects their direct reporting efforts.
Data year: 2024
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