Tricon Residential Sustainability Profile
Tricon Residential, a leading residential rental company headquartered in California, has established itself as a prominent player in the real estate industry since its founding in 1988. With a strong presence in major operational regions across the United States and Canada, Tricon focuses on single-family rental homes and multi-family apartments, catering to the growing demand for quality rental housing. The company is renowned for its commitment to providing exceptional living experiences through well-maintained properties and innovative management practices. Tricon Residential's unique approach combines technology with a customer-centric philosophy, ensuring residents enjoy a seamless rental experience. As a trusted name in the market, Tricon has achieved significant milestones, positioning itself as a preferred choice for renters seeking quality homes in desirable locations.
DitchCarbon Score
How does Tricon Residential'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
Tricon Residential's score of 26 is lower than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Tricon Residential's reported carbon emissions
In 2023, Tricon Residential reported total carbon emissions of approximately 26,860,000 kg CO2e. This figure includes emissions across all three scopes: Scope 1 emissions were about 61,400 kg CO2e, Scope 2 emissions totalled approximately 1,880,200 kg CO2e, and Scope 3 emissions were significantly higher at around 24,400,000,000 kg CO2e. Notably, the Scope 3 emissions included substantial contributions from purchased goods and services (approximately 22,316,742,000 kg CO2e) and upstream transportation and distribution (about 1,994,595,000 kg CO2e). Tricon Residential has not disclosed any specific reduction targets or initiatives in their sustainability reporting. The absence of formal commitments, such as Science-Based Targets Initiative (SBTi) targets, suggests that the company may still be in the early stages of developing a comprehensive climate strategy. As a company headquartered in California, Tricon Residential is positioned within an industry increasingly focused on sustainability and carbon reduction. However, without specific targets or reduction initiatives, their climate commitments remain unclear.
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| 2023 | |
|---|---|
| Scope 1 | 61,400 |
| Scope 2 | 1,880,200 |
| Scope 3 | 24,400,000,000 |
How Carbon Intensive is Tricon Residential's Industry?
How Carbon Intensive is Tricon Residential's Location?
Tricon Residential's Scope 3 Categories Breakdown
Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 91% of Scope 3 emissions.
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Tricon Residential'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.
Tricon Residential 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.
