Essex Property Trust Sustainability Profile
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 53 is higher than 71% 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. For the previous year, 2023, the company recorded significantly higher emissions, with Scope 1 emissions at approximately 63,742,000,000 kg CO2e and Scope 2 emissions at about 22,984,000,000 kg CO2e in the US. Globally, Scope 1 emissions were around 31,871,000 kg CO2e, and Scope 2 emissions were about 11,492,000 kg CO2e. Essex Property Trust has set ambitious climate targets, aiming for net zero emissions by 2050 across both Scope 1 and Scope 2 emissions. Additionally, they have committed to reducing Scope 1 and Scope 2 GHG emissions by 35% from a 2018 baseline by 2030. Their near-term targets include a 67.2% reduction in Scope 1 and Scope 2 emissions by 2034, alongside a 35% reduction in Scope 3 emissions from a 2023 baseline. These commitments align with the Science Based Targets initiative (SBTi) and demonstrate Essex Property Trust's proactive approach to addressing climate change within the real estate 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 | - | - | - | - | - | - | - | - | - |
How Carbon Intensive is Essex Property Trust's Industry?
How Carbon Intensive is Essex Property Trust's Location?
Essex Property Trust'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.
Essex Property Trust has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Essex Property Trust's sustainability data and climate commitments