PHILLIPS EDISON & COMPANY
Phillips Edison & Company, a prominent player in the retail real estate sector, is headquartered in the United States. Founded in 1991, the company has established itself as a leader in the acquisition, development, and management of grocery-anchored shopping centres across the nation. With a strong presence in key operational regions, Phillips Edison focuses on enhancing community shopping experiences through its diverse portfolio of properties. The company is renowned for its commitment to sustainability and innovative property management strategies, which set it apart in the competitive retail landscape. Notable achievements include a robust market position, underscored by a significant number of successful acquisitions and developments. Phillips Edison & Company continues to shape the future of retail real estate, providing unique solutions that cater to both tenants and consumers alike.
DitchCarbon Score
How does PHILLIPS EDISON & COMPANY'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
PHILLIPS EDISON & COMPANY's score of 49 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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PHILLIPS EDISON & COMPANY's reported carbon emissions
In 2023, Phillips Edison & Company reported total carbon emissions of approximately 85,418,000 kg CO2e. This figure includes Scope 1 emissions of about 43,418,000 kg CO2e, primarily from stationary combustion, Scope 2 emissions of around 38,000,000 kg CO2e, and Scope 3 emissions totalling about 9,500,000 kg CO2e. Comparatively, in 2022, the company’s total emissions were approximately 102,000,000 kg CO2e, indicating a reduction in emissions year-on-year. The breakdown for 2022 shows Scope 1 emissions at about 48,000,000 kg CO2e, Scope 2 at approximately 42,000,000 kg CO2e, and Scope 3 at about 10,500,000 kg CO2e. Phillips Edison & Company has set ambitious climate commitments, including a plan to retrofit all shopping centres to LED exterior lighting by 2025, which targets both Scope 1 and Scope 2 emissions. Additionally, the company aims to achieve a 30% reduction in common area water usage at eligible properties by 2030, compared to a 2020 baseline, and to implement a waste diversion programme to attain a 25% diversion rate by 2030. These initiatives reflect Phillips Edison & Company's commitment to reducing its carbon footprint and enhancing sustainability across its operations.
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| 2020 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | - | 00,000,000 | 00,000,000 |
| Scope 2 | - | 00,000,000 | 00,000,000 |
| Scope 3 | 3,797,756.5 | 00,000,000 | 0,000,000 |
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.
PHILLIPS EDISON & COMPANY 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.
