Urban Edge Properties
Urban Edge Properties, a prominent real estate investment trust (REIT), is headquartered in the United States and primarily operates in key urban markets across the country. Founded in 2014, the company has quickly established itself as a leader in the retail and mixed-use property sectors, focusing on enhancing community experiences through strategic property management and development. With a diverse portfolio that includes shopping centres and urban properties, Urban Edge Properties distinguishes itself by prioritising tenant relationships and community engagement. The company’s commitment to sustainability and innovation has garnered recognition within the industry, positioning it as a trusted partner for both investors and tenants. As Urban Edge continues to expand its footprint, it remains dedicated to creating vibrant spaces that foster economic growth and enhance urban living.
DitchCarbon Score
How does Urban Edge Properties'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
Urban Edge Properties's score of 21 is lower than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Urban Edge Properties's reported carbon emissions
In 2023, Urban Edge Properties reported total emissions of approximately 8,485,000 kg CO2e in the US, comprising 650,000 kg CO2e from Scope 1 and 8,335,000 kg CO2e from Scope 2 emissions. This marks a significant commitment to transparency in their carbon footprint, although no Scope 3 emissions data was disclosed. Comparatively, in 2022, the company had total emissions of about 10,563,000 kg CO2e globally, with Scope 1 emissions at 1,062,000 kg CO2e and Scope 2 emissions at 9,501,000 kg CO2e. This indicates a reduction in total emissions from the previous year, reflecting their ongoing efforts to manage and mitigate their environmental impact. Despite these figures, Urban Edge Properties has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). The company’s emissions data is not cascaded from any parent organisation, ensuring that their reported figures are solely reflective of their own operations. Overall, Urban Edge Properties demonstrates a commitment to monitoring and reporting their carbon emissions, although further steps towards formal reduction targets could enhance their climate strategy.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 552,100 | 0,000,000 |
| Scope 2 | 5,783,310 | 0,000,000 |
| Scope 3 | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Urban Edge Properties is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
