Regency Centers Sustainability Profile
Regency Centers Corporation, commonly referred to as Regency Centers, is a leading real estate investment trust (REIT) headquartered in the United States. Established in 1961, the company has built a strong presence in major operational regions across the country, focusing primarily on the retail sector. Regency Centres is renowned for its high-quality shopping centres, which are strategically located in affluent markets. The company’s core offerings include the development, management, and leasing of retail properties, with a unique emphasis on creating vibrant community spaces that foster local engagement. Regency Centers has achieved notable milestones, including a robust portfolio of properties that consistently attract top-tier tenants. With a commitment to sustainability and innovation, Regency Centers stands out in the competitive landscape of retail real estate, solidifying its position as a trusted leader in the industry.
DitchCarbon Score
How does Regency Centers'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
Regency Centers's score of 35 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Regency Centers's reported carbon emissions
In 2023, Regency Centers Corporation reported significant carbon emissions, totalling approximately 3223000 kg CO2e for Scope 1, 24870000 kg CO2e for Scope 2, and a substantial 331949000 kg CO2e for Scope 3 emissions. The breakdown of Scope 1 emissions includes about 308000 kg CO2e from mobile combustion, 880000 kg CO2e from fugitive emissions, and 2034000 kg CO2e from stationary combustion. For Scope 2, the emissions were calculated on a location-based method. Regency Centers has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 greenhouse gas emissions by 28% by 2030, using 2019 as the baseline year. This target has been approved through the Science Based Targets initiative (SBTi) and reflects the company's commitment to align with the goals necessary to limit global warming to well below 2°C. Additionally, the company is focused on measuring and reducing its Scope 3 emissions, which are the most significant contributor to its overall carbon footprint. Overall, Regency Centers is actively working towards enhancing its sustainability practices and reducing its carbon emissions in line with industry standards.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | - | - | 0,000,000 | 0,000,000,000,000 |
| Scope 2 | - | - | 00,000,000 | 00,000,000,000,000 |
| Scope 3 | - | - | 000,000,000 | 000,000,000,000,000 |
How Carbon Intensive is Regency Centers's Industry?
How Carbon Intensive is Regency Centers's Location?
Regency Centers's Scope 3 Categories Breakdown
Regency Centers's Scope 3 emissions, which increased significantly last year and increased significantly since 2022, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Downstream Leased Assets" being the largest emissions source at 81% of Scope 3 emissions.
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Regency Centers'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.
Regency Centers 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 Regency Centers's sustainability data and climate commitments