Regency Centers

Regency Centers's reported carbon emissions

Regency Centers, a real estate services company based in the US, has demonstrated a commitment to climate action through its emissions reporting and engagement with science-based targets. For the 2023 reporting year, the company reported total Scope 1, 2, and 3 emissions of approximately 367.4 trillion kg CO2e. This significant figure is primarily driven by Scope 3 emissions, which totalled approximately 331.9 trillion kg CO2e, with downstream leased assets accounting for the largest portion. Scope 1 emissions for 2023 were approximately 3.2 trillion kg CO2e, while Scope 2 emissions (market-based) were approximately 20.6 trillion kg CO2e. In the preceding year, 2022, Regency Centers reported total Scope 1, 2, and 3 emissions of approximately 318.3 million kg CO2e. Scope 1 emissions were approximately 2.3 million kg CO2e, Scope 2 emissions (market-based) were approximately 20.6 million kg CO2e, and Scope 3 emissions were approximately 293 million kg CO2e. Regency Centers has established near-term science-based targets. The company commits to reducing its Scope 1 and Scope 2 greenhouse gas emissions by 28% by 2030, using 2019 as the base year. Furthermore, Regency Centers aims to measure and reduce its Scope 3 emissions. These targets, validated by the Science Based Targets initiative (SBTi), align with reductions consistent with keeping global warming to well-below 2°C. The company's emissions data is not cascaded from a parent organisation, and its climate initiatives are reported directly.