Spirit Realty Sustainability Profile
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.
DitchCarbon Score
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.
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
Spirit Realty's score of 44 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Spirit Realty's reported carbon emissions
In 2024, Spirit Realty reported total carbon emissions of approximately 57,192,000 kg CO2e, with emissions distributed across various scopes: 1,978,000 kg CO2e (Scope 1), 23,557,000 kg CO2e (Scope 2), and 31,657,000 kg CO2e (Scope 3), which includes 16,184,000 kg CO2e from downstream leased assets. This represents an increase from 2023, where total emissions were about 55,382,000 kg CO2e, with Scope 1 at 2,754,000 kg CO2e, Scope 2 at 24,251,000 kg CO2e, and Scope 3 at 28,377,000 kg CO2e. Spirit Realty has set ambitious climate commitments, aiming for a 50% reduction in emissions intensity for both Scope 1 and Scope 2 by 2030, based on a business-as-usual (BAU) portfolio. However, they are currently not on track, having recorded a 2% increase in emissions intensity by the end of 2024. Additionally, the company has established an aspirational target to achieve Net Zero operational carbon emissions by 2040 for both Scope 1 and Scope 2 emissions. The emissions data is cascaded from Spirit Realty Capital, Inc., reflecting the company's commitment to transparency and accountability in its climate initiatives. As a current subsidiary, Spirit Realty aligns its goals with broader corporate sustainability efforts, including those from related entities like Realty Income Corporation.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 165,400 | 0,000,000 | 0,000,000 |
| Scope 2 | 922,400 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 00,000,000 | 00,000,000 |
How Carbon Intensive is Spirit Realty's Industry?
How Carbon Intensive is Spirit Realty's Location?
Spirit Realty's Scope 3 Categories Breakdown
Spirit Realty's Scope 3 emissions, which increased by 12% last year and increased by approximately 12% since 2023, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 55% of total emissions under the GHG Protocol, with "Downstream Leased Assets" being the primary emissions source at 51% of Scope 3 emissions.
Top Scope 3 Categories
Spirit Realty'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.
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.
