Kimco Realty Sustainability Profile
Kimco Realty Corporation, a leading player in the retail real estate sector, is headquartered in the United States. Founded in 1989, the company has established a strong presence across major operational regions, including the East Coast, West Coast, and parts of Canada. Specialising in the acquisition, development, and management of shopping centres, Kimco Realty is renowned for its commitment to enhancing community experiences through well-located retail spaces. With a diverse portfolio that includes over 400 properties, Kimco Realty stands out for its focus on sustainability and innovation in retail environments. The company has achieved notable milestones, such as being one of the first publicly traded real estate investment trusts (REITs) to adopt a comprehensive sustainability strategy. As a result, Kimco Realty has solidified its market position, consistently recognised for its operational excellence and community engagement initiatives.
DitchCarbon Score
How does Kimco 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
Kimco Realty'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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Kimco Realty's reported carbon emissions
In 2023, Kimco Realty Corporation reported a total of approximately 629 kg CO2e in emissions, with no specific data disclosed for Scope 1, 2, or 3 emissions. The previous year, 2022, saw emissions of about 100 kg CO2e, while in 2021, emissions were approximately 818 kg CO2e. The most comprehensive data available is from 2020, where Kimco reported 1,501,000 kg CO2e for Scope 1, 30,291,000 kg CO2e for Scope 2, and 10,397,000 kg CO2e for Scope 3 emissions, including 62,929,000 kg CO2e from waste generated in operations. Kimco Realty has set ambitious climate commitments, aiming to achieve net zero Scope 1 and 2 greenhouse gas emissions by 2050. They have also committed to reducing absolute Scope 1 and 2 emissions by 30% from a 2018 baseline by 2030. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect a commitment to sustainable practices within the real estate sector. Overall, Kimco Realty's climate strategy focuses on significant reductions in greenhouse gas emissions, with a clear roadmap towards achieving net zero emissions in the coming decades.
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| 2020 | |
|---|---|
| Scope 1 | 1,501,000 |
| Scope 2 | 30,291,000 |
| Scope 3 | 10,397,000 |
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Kimco Realty's Scope 3 Categories Breakdown
Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 25% of total emissions under the GHG Protocol, with "Waste Generated in Operations" representing nearly all of their reported Scope 3 footprint.
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Kimco 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.
Kimco Realty has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Kimco Realty's sustainability data and climate commitments