Acadia Realty Trust

Acadia Realty Trust, a US-based real estate services company, reported Scope 1 emissions of 1,976,000 kg CO2e and Scope 3 emissions of 118,208,000 kg CO2e in 2024. While a Scope 2 total was not provided for 2024, the company's combined Scope 1 and 2 market-based emissions were 4,726,000 kg CO2e for the same year.

Looking back, in 2023, Acadia Realty Trust’s Scope 1 emissions were 1,756,000 kg CO2e, Scope 2 location-based emissions were 8,164,000 kg CO2e, and Scope 3 emissions totalled 115,096,000 kg CO2e. This Scope 3 figure included approximately 54,000 kg CO2e from business travel, 377,000 kg CO2e from employee commute, and 114,691,000 kg CO2e from downstream leased assets. The combined Scope 1 and 2 location-based emissions in 2023 were 10,140,000 kg CO2e, and market-based emissions were 5,314,000 kg CO2e.

For 2022, the company disclosed Scope 2 location-based emissions of 7,942,000 kg CO2e and Scope 3 emissions of 101,985,000 kg CO2e, which included approximately 20,000 kg CO2e from business travel, 385,000 kg CO2e from employee commute, and 101,985,000 kg CO2e from downstream leased assets. The combined Scope 1 and 2 location-based emissions for 2022 were 9,593,000 kg CO2e.

Acadia Realty Trust has set an ambitious near-term target to achieve a like-for-like reduction of 20% in Scope 1 and 2 greenhouse gas emissions by the end of 2024, using a 2019 baseline. Furthermore, the company aims for a 46% absolute reduction by 2030 (from a 2019 baseline) across all scopes, aligning with the goals of the Paris Agreement. In 2019, Scope 1 emissions were 1,595,000 kg CO2e, Scope 2 location-based emissions were 7,500,000 kg CO2e, and Scope 3 emissions were 93,839,000 kg CO2e.