American Tower

Retail REITs

AMT

$ 233 3.2

Share price

$ 106 bn

Market Cap

$ 164 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.14x the weighted average for S&P 500

FY2020

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -5.1% weighted average for S&P 500

FY2021

American Tower aims to reduce Scope 1 + 2 by 40% by 2035 from a base year 2019

<2°C

Secondary Climate Goal

Proj. YOY change in GHG emissions (Scope 3)

Weaker than the -6.3% weighted average for S&P 500

FY2021

American Tower aims to reduce Scope 3 by 40% by 2035 from a base year 2019

<2°C

GHG emissions and Carbon intensity

American Tower reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 628 Kt (-26 /-3.9% y-o-y). Also positively, carbon intensity was down at 78 t (-8.1 /-9.4% y-o-y).

American Tower's Scope 3 emissions was up at 3,582 Kt (+165/+4.8% y-o-y).

The company is committed to reducing Scope 1 + 2 by 40% by 2035 from a base year 2019, which translates into the estimated reduction of -16 Kt per annum over the period of FY2021 - FY2035. This science-based target is aligned with Paris Agreement to limit global warming to <2°C above pre-industrial levels.

Also, the company commits to reducing Scope 3 by 40% by 2035 from a base year 2019, which translates into the estimated reduction of -102 Kt per annum over the period of FY2021 - FY2035. This science-based target is aligned with Paris Agreement to limit global warming to <2°C above pre-industrial levels.

Date	Total CO2e emissions (location-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2020Q4	628	597	31	3,582	8,042	78
2019Q4	653	647	6.7	3,417	7,580	86
2018Q4	756	723	33		7,440	102
2017Q4	2,268	651	1,617		6,664	340