Rexford Industrial Realty

Rexford Industrial Realty's carbon emissions reporting highlights a significant increase in its total greenhouse gas emissions from 2021 to 2022. In 2022, the company reported a total of approximately 119.5 million kg CO2e, a substantial rise from approximately 67.9 million kg CO2e in 2021. This increase is primarily driven by Scope 3 emissions, which constituted about 115.6 million kg CO2e in 2022, compared to approximately 67.2 million kg CO2e in 2021. Scope 1 emissions remained relatively low, at about 362,000 kg CO2e in 2022, and Scope 2 emissions were approximately 3.6 million kg CO2e in the same year.

In 2020, Rexford Industrial Realty reported Scope 1 emissions of approximately 24.9 million kg CO2e and Scope 2 emissions of approximately 36.1 million kg CO2e, with no Scope 3 data disclosed for that year.

Climate Commitments and Targets:

Rexford Industrial Realty has set ambitious climate targets aligned with the Science Based Targets initiative (SBTi). The company commits to:

• Reducing Scope 1 and Scope 2 greenhouse gas emissions by 42% by 2030, using 2022 as the base year.
• Measuring and reducing its Scope 3 emissions.
• Achieving net-zero emissions by 2045.
• As part of its net-zero commitment, Rexford Industrial Realty aims to reduce its total Scope 1, 2, and 3 emissions by 99% by 2045, also from a 2022 base year.

These targets are recognised as being consistent with limiting global warming to 1.5°C. Rexford Industrial Realty is classified as a Small or Medium-sized Enterprise (SME) and is pursuing these targets through a streamlined validation route.