Realty Income

Realty Income, a US-based real estate services company, reported total greenhouse gas emissions of approximately 16.5 million kg CO2e in 2024. This figure includes Scope 1 emissions of about 495,000 kg CO2e, Scope 2 emissions of approximately 1.05 million kg CO2e, and Scope 3 emissions of around 15 million kg CO2e. For Scope 2, the market-based emissions were 100 kg CO2e, and location-based emissions were 165,000 kg CO2e. Key Scope 3 categories included downstream leased assets at 5.21 billion kg CO2e, capital goods at 47.5 million kg CO2e, purchased goods and services at 8.45 million kg CO2e, business travel at 571,000 kg CO2e, and fuel and energy-related activities at 308,000 kg CO2e.

Looking back, in 2023, Realty Income's total emissions were approximately 15.98 million kg CO2e, with Scope 1 at 480,000 kg CO2e, Scope 2 at 1 million kg CO2e, and Scope 3 at 14.5 million kg CO2e, which included 2.62 billion kg CO2e from downstream leased assets. In 2022, total emissions were around 15.45 million kg CO2e, consisting of 470,000 kg CO2e for Scope 1, 980,000 kg CO2e for Scope 2, and 14 million kg CO2e for Scope 3, with downstream leased assets accounting for 2.36 billion kg CO2e.

Realty Income is committed to achieving net-zero Scope 1 and Scope 2 greenhouse gas emissions by 2030, based on a 2023 baseline year. Additionally, the company has a long-term net-zero target for Scope 1 and Scope 2 emissions by 2040, as referenced in their 2020 Sustainability Report. This commitment includes increasing renewable energy in stores and operations, implementing energy-efficient fridges, and expanding a fleet of low-emission delivery vehicles.