Kimco Realty
Kimco Realty Corporation, a leading player in the retail real estate sector, is headquartered in the United States. Founded in 1989, the company has established a strong presence across major operational regions, including the East Coast, West Coast, and parts of Canada. Specialising in the acquisition, development, and management of shopping centres, Kimco Realty is renowned for its commitment to enhancing community experiences through well-located retail spaces. With a diverse portfolio that includes over 400 properties, Kimco Realty stands out for its focus on sustainability and innovation in retail environments. The company has achieved notable milestones, such as being one of the first publicly traded real estate investment trusts (REITs) to adopt a comprehensive sustainability strategy. As a result, Kimco Realty has solidified its market position, consistently recognised for its operational excellence and community engagement initiatives.
DitchCarbon Score
How does Kimco Realty'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
Kimco Realty's score of 41 is higher than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Kimco Realty's reported carbon emissions
In 2023, Kimco Realty reported total carbon emissions of approximately 18,745,770 kg CO2e. This figure includes 1,467,740 kg CO2e from Scope 1 emissions, 7,701,740 kg CO2e from Scope 2 emissions (market-based), and 10,045,750 kg CO2e from Scope 3 emissions. The combined Scope 1 and 2 emissions totalled about 8,700,020 kg CO2e. Kimco Realty has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and Scope 2 greenhouse gas emissions by 30% by 2030, using 2018 as the baseline year. This target has been approved through the Science Based Targets initiative (SBTi) and is aligned with the goal of limiting global warming to well below 2°C. The company also plans to measure and reduce its Scope 3 emissions, which represent a significant portion of its overall carbon footprint. In previous years, Kimco's emissions have varied significantly, with total emissions reaching approximately 86,831,260 kg CO2e in 2022 and 68,055,130 kg CO2e in 2015. The company is actively working towards its reduction targets, reflecting a commitment to sustainability within the real estate sector.
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| 2015 | 2016 | 2019 | 2020 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 2,372,660 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 49,116,550 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 16,565,920 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
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.
Kimco Realty 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.
