Essex Property Trust

Essex Property Trust's reported carbon emissions

Essex Property Trust, a real estate services company headquartered in the US, has reported its carbon emissions for several years, focusing on Scope 1 and Scope 2 emissions. In 2024, the company reported approximately 28.97 million kg CO2e for Scope 1 emissions and approximately 9.39 million kg CO2e for Scope 2 emissions. Looking back, Scope 1 emissions were approximately 31.87 million kg CO2e in 2023 and 31.62 million kg CO2e in 2022. Scope 2 emissions were around 11.49 million kg CO2e in 2023 and 12.18 million kg CO2e in 2022. In 2021, Scope 1 emissions were approximately 33.99 million kg CO2e and Scope 2 emissions were about 14.04 million kg CO2e. Essex Property Trust has set ambitious climate commitments. The company aims to achieve net zero emissions by 2050, covering both Scope 1 and Scope 2 emissions. Furthermore, it has committed to reducing Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 35% by 2030, using 2018 as a baseline year. In alignment with science-based targets, Essex Property Trust commits to reducing Scope 1 and Scope 2 absolute GHG emissions by 67.2% by 2034 from a 2018 base year. Additionally, the company 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, with 2023 as the base year. These Scope 3 targets specifically cover categories such as purchased goods and services, and capital goods.