Essex Property Trust
Essex Property Trust, Inc., commonly referred to as Essex, is a leading real estate investment trust (REIT) headquartered in the United States. Established in 1971, the company primarily operates in the multifamily residential sector, focusing on the acquisition, development, and management of apartment communities across key markets in California and the Pacific Northwest. With a portfolio that includes over 60,000 apartment homes, Essex distinguishes itself through its commitment to sustainability and community engagement. The company has achieved notable milestones, including recognition for its innovative design and operational excellence. As a prominent player in the multifamily housing industry, Essex Property Trust continues to set benchmarks for quality living environments, making it a trusted choice for residents and investors alike.
DitchCarbon Score
How does Essex Property Trust'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
Essex Property Trust's score of 35 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Essex Property Trust's reported carbon emissions
In 2023, Essex Property Trust reported total carbon emissions of approximately 31,871,000 kg CO2e for Scope 1 and about 11,492,000 kg CO2e for Scope 2. This reflects a slight increase in Scope 1 emissions from 31,616,000 kg CO2e in 2022, while Scope 2 emissions decreased from 12,180,000 kg CO2e in the same year. The company has set ambitious climate commitments, aiming for net zero emissions by 2050 for both Scope 1 and Scope 2 emissions. Essex Property Trust has established near-term targets through the Science Based Targets initiative (SBTi), committing to a 67.2% reduction in absolute Scope 1 and Scope 2 emissions by 2034, based on a 2018 baseline. Additionally, the company aims to reduce absolute Scope 3 emissions by 35% by 2034, using 2023 as the baseline year. These targets align with the necessary reductions to limit global warming to 1.5°C. Overall, Essex Property Trust is actively working towards significant emissions reductions while maintaining transparency in its climate commitments and performance.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 33,064,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 21,547,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - |
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.
Essex Property Trust 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.
