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 42 is higher than 64% 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 2024, Essex Property Trust reported total carbon emissions of approximately 28,969,000 kg CO2e for Scope 1 and about 9,389,000 kg CO2e for Scope 2. This data reflects their commitment to reducing greenhouse gas emissions as part of their sustainability strategy. The company has set ambitious targets to achieve net zero emissions by 2050 for both Scope 1 and Scope 2 emissions, with a near-term goal of reducing absolute emissions by 67.2% by 2034 from a 2018 baseline. Additionally, they aim to cut Scope 3 emissions by 35% by 2034 from a 2023 baseline. These targets are aligned with the Science Based Targets initiative (SBTi) and demonstrate Essex Property Trust's commitment to addressing climate change within the real estate sector. Historically, emissions data shows a significant scale, with Scope 1 emissions reaching approximately 63,742,000 kg CO2e and Scope 2 emissions at about 22,984,000 kg CO2e in 2023. The company has been actively working on reducing its carbon footprint, reflecting a long-term vision for sustainability and environmental responsibility. Essex Property Trust's climate commitments are crucial in the context of the real estate industry, where operational emissions can significantly impact overall carbon footprints. Their proactive approach positions them as a leader in sustainability within their sector.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 0,000,000 |
| 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.
