AvalonBay Communities

Residential REITs
STT
$ 69 2.4
Share price
$ 25 bn
Market Cap
$ 25 bn
Enterprise Value

Carbon footprint

2.7 Ton
GHG emissions per $ 1 mln investment
0.1x the weighted average for S&P 500
FY2020
How is this calculated?
-14%
YOY change in GHG emissions
Stronger than the -8.7% weighted average for S&P 500
FY2020 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 (location-based) (Kt of CO2e)

AvalonBay Communities's carbon footprint

AvalonBay Communities reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 69 Kt (-12 /-14.4% y-o-y).

AvalonBay Communities's Scope 3 emissions plunged to 5.3 Kt (-0.6 /-10.2% y-o-y). This is a higher rate of decline than over the period since 4Q'17 (-4.2% CAGR).

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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