PHILLIPS EDISON & COMPANY Sustainability Profile
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 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
PHILLIPS EDISON & COMPANY's reported carbon emissions
In 2023, Phillips Edison & Company reported total carbon emissions of approximately 43,418,000 kg CO2e from Scope 1, 38,000,000 kg CO2e from Scope 2, and 9,500,000 kg CO2e from Scope 3. This represents a decrease in Scope 1 emissions from 48,000,000 kg CO2e in 2022, and a reduction in Scope 2 emissions from 42,000,000 kg CO2e in the same year. The company is committed to significant climate initiatives, including retrofitting all shopping centres to LED exterior lighting by 2025, which targets reductions in both Scope 1 and Scope 2 emissions. Additionally, Phillips Edison 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 commitments reflect the company's dedication to sustainability and reducing its overall environmental impact. All emissions data is sourced directly from Phillips Edison & Company, Inc., with no cascaded data from parent organisations.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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 |
How Carbon Intensive is PHILLIPS EDISON & COMPANY's Industry?
How Carbon Intensive is PHILLIPS EDISON & COMPANY's Location?
PHILLIPS EDISON & COMPANY'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.
PHILLIPS EDISON & COMPANY 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.
