Realty Income

Realty Income's reported carbon emissions

Realty Income Corporation, headquartered in the US, reported total carbon emissions of approximately 16.5 billion kg CO2e in 2024. This figure encompasses Scope 1, 2, and 3 emissions. Scope 1 emissions were approximately 495,000 kg CO2e, while Scope 2 emissions totalled approximately 1.05 million kg CO2e. Scope 3 emissions accounted for the largest portion, at approximately 15 billion kg CO2e, with downstream leased assets representing the most significant category within Scope 3 at approximately 5.2 billion kg CO2e. In 2023, total emissions were approximately 16 billion kg CO2e, with Scope 1 at approximately 480,000 kg CO2e, Scope 2 at approximately 1 million kg CO2e, and Scope 3 at approximately 14.5 billion kg CO2e. The downstream leased assets category within Scope 3 was approximately 2.6 billion kg CO2e for the same year. Realty Income aims to achieve net-zero Scope 1 and 2 greenhouse gas emissions by 2030. They have also committed to achieving net-zero Scope 1 and 2 emissions by 2040, as part of initiatives including increased renewable energy use, energy-efficient appliances, and an expanded fleet of low-emission delivery vehicles. This 2040 target was set in 2020 and involved a commitment of £1 billion. The company has also reported on emissions intensity metrics, such as kg CO2e per square metre and per unit of revenue, in previous years.