Acadia Realty Trust

Acadia Realty Trust's reported carbon emissions

Acadia Realty Trust, a real estate services company based in the US, has reported significant greenhouse gas emissions. For the 2024 reporting year, their total emissions were approximately 123.9 million kg CO2e. This includes Scope 1 emissions of about 2.0 million kg CO2e and Scope 3 emissions of approximately 118.2 million kg CO2e, predominantly from downstream leased assets. Scope 2 emissions for 2024 were not explicitly provided, though a market-based total for Scope 1 and 2 was approximately 4.7 million kg CO2e. In 2023, Acadia Realty Trust's total emissions were around 125.1 million kg CO2e. This comprised Scope 1 emissions of about 1.8 million kg CO2e, Scope 3 emissions of approximately 115.1 million kg CO2e (with downstream leased assets being the largest contributor at 114.7 million kg CO2e), and Scope 2 emissions (location-based) of about 8.2 million kg CO2e. The market-based total for Scope 1 and 2 in 2023 was approximately 5.3 million kg CO2e. Looking further back, in 2022, total emissions were approximately 101.9 million kg CO2e, with Scope 3 emissions at about 102.0 million kg CO2e, primarily from downstream leased assets. Scope 2 emissions (location-based) were around 7.9 million kg CO2e, and the total for Scope 1 and 2 (location-based) was approximately 9.6 million kg CO2e. Prior to this, in 2021, Scope 1 emissions were approximately 0.1 million kg CO2e, and Scope 2 emissions were around 5.1 million kg CO2e (market-based) and 5.3 million kg CO2e (location-based). Acadia Realty Trust has established several climate commitments. The company aims for a 20% like-for-like reduction in Scope 1 and 2 GHG emissions by the end of 2024, using a 2019 baseline. Furthermore, they are committed to a 46% absolute reduction in emissions by 2030, in alignment with the goals of the Paris Agreement, also from a 2019 baseline. Acadia Realty Trust is also working towards achieving net-zero Scope 1 and 2 GHG emissions by 2050.