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 29 is higher than 53% 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 2020, Kimco Realty Corporation reported total greenhouse gas emissions of approximately 15,010,000 kg CO2e for Scope 1, 30,291,000 kg CO2e for Scope 2, and 10,397,000 kg CO2e for Scope 3. Notably, the waste generated in operations contributed significantly to Scope 3 emissions, amounting to about 62,929,000 kg CO2e. Kimco Realty has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and Scope 2 emissions by 30% from a 2018 baseline by the year 2030. This target has been validated by the Science Based Targets initiative (SBTi) and is classified as consistent with the reductions required to limit global warming to well below 2°C. Furthermore, the company has committed to achieving net zero emissions for Scope 1 and Scope 2 by 2050. The company's emissions data is not cascaded from any parent organization, indicating that these figures are independently reported. Kimco Realty's proactive approach to sustainability reflects its commitment to addressing climate change within the real estate sector.
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| 2020 | |
|---|---|
| Scope 1 | 1,501,000 |
| Scope 2 | 30,291,000 |
| Scope 3 | 10,397,000 |
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.
