AvalonBay Communities

Residential REITs
STT
$ 76 (1.9)%
Share price
$ 28 bn
Market Cap
$ 28 bn
Enterprise Value

Carbon footprint

1.8 Ton
GHG emissions per $ 1 mln investment
0.05x the weighted average for S&P 500
FY2021
How is this calculated?
-28%
YOY change in GHG emissions
Weaker than the +4.2% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

This company has not set a company-wide target for an absolute reduction in GHG emissions yet

but has a science based goal that does not target absolute reductions but is still aligned with Paris Agreement according to SBTi

GHG emissions and Carbon intensity

AvalonBay Communities's GHG emissions (market-based) (Kt of CO2e)
AvalonBay Communities's Carbon intensity (Tons per 1 USDm)

AvalonBay Communities's carbon footprint

AvalonBay Communities reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 50 Kt (-19 /-27.6% y-o-y). Also positively, carbon intensity plunged to 22 t (-8.2 /-27.4% y-o-y).

AvalonBay Communities's Scope 3 emissions plummeted to 4.3 Kt (-0.94 /-17.9% y-o-y). The decline accelerated compared to the CAGR of -4.6% since 4Q'13.

The company has not set a company-wide target for an absolute reduction in GHG emissions yet.

AvalonBay Communities also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Real estate investment trust AvalonBay commits to reduce scope 1 and 2 GHG emissions 53% per square foot by 2030 from a 2017 base year. AvalonBay also commits to reduce scope 3 emissions 47% per square foot within the same timeframe.

Company environmental metrics

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