The Necessity Retail REIT, Inc.
The Necessity Retail REIT, Inc., commonly referred to as Necessity Retail REIT, is a prominent real estate investment trust headquartered in the United States. Founded in 2019, the company focuses on the acquisition and management of necessity-based retail properties, primarily located in key markets across the country. Specialising in single-tenant retail assets, Necessity Retail REIT distinguishes itself through its strategic investments in essential services, including grocery stores and pharmacies, which remain resilient in varying economic climates. With a commitment to delivering stable cash flows and attractive returns, the company has quickly established a strong market position. Notable achievements include a diverse portfolio that caters to everyday consumer needs, reinforcing its reputation as a leader in the necessity retail sector.
DitchCarbon Score
How does The Necessity Retail REIT, Inc.'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
The Necessity Retail REIT, Inc.'s score of 26 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
The Necessity Retail REIT, Inc.'s reported carbon emissions
In 2023, The Necessity Retail REIT, Inc. reported carbon emissions of approximately 2,395,000 kg CO2e, all of which fall under Scope 2 emissions. This represents a significant reduction from 2022, where emissions were about 2,840,000 kg CO2e, and a further decrease from 2021, which recorded emissions of approximately 3,818,000 kg CO2e. Despite these reductions, the company has not established specific reduction targets or initiatives, nor does it participate in the Science Based Targets initiative (SBTi). The absence of formal climate pledges indicates a need for further commitment to climate action within the retail real estate sector. Overall, The Necessity Retail REIT, Inc. demonstrates a positive trend in reducing its carbon footprint, but further commitments and structured targets could enhance its climate strategy.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | - | - | - |
| Scope 2 | 3,818,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
The Necessity Retail REIT, Inc. is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
