Spirit Realty Capital, Inc., commonly known as Spirit Realty, is a prominent real estate investment trust (REIT) headquartered in the United States. Founded in 2003, the company has established a strong presence in the net lease sector, focusing on acquiring and managing single-tenant commercial properties across various industries, including retail, healthcare, and industrial sectors. With a diverse portfolio spanning major operational regions throughout the US, Spirit Realty is recognised for its strategic investments and long-term leases, which provide stable cash flows. The company’s unique approach to property management and tenant relationships has positioned it as a leader in the net lease market. Notable achievements include a consistent track record of dividend payments and a commitment to sustainable growth, making Spirit Realty a trusted name in the real estate investment landscape.
How does Spirit 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.
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.
Spirit Realty's score of 22 is lower than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2022, Spirit Realty reported total emissions of approximately 1,087,800 kg CO2e, comprising 165,400 kg CO2e from Scope 1 and 922,400 kg CO2e from Scope 2 emissions. Notably, there is no reported data for Scope 3 emissions. Spirit Realty's emissions data is cascaded from its parent company, Spirit Realty Capital, Inc., indicating a corporate family relationship. However, there are currently no specific reduction targets or climate pledges documented for Spirit Realty. The absence of such commitments suggests a need for further development in their climate strategy, particularly in aligning with industry standards for emissions reduction and sustainability initiatives. Overall, while Spirit Realty has made strides in reporting its emissions, the lack of comprehensive climate commitments highlights an area for potential growth in their environmental responsibility efforts.
Access structured emissions data, company-specific emission factors, and source documents
| 2022 | |
|---|---|
| Scope 1 | 165,400 |
| Scope 2 | 922,400 |
| Scope 3 | - |
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.
Spirit Realty has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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