Regency Centers Corp

Retail REITs
REG
$ 68 3.6
Share price
$ 12 bn
Market Cap
$ 16 bn
Enterprise Value

Carbon footprint

1.6 Ton
GHG emissions per $ 1 mln investment
0.06x the weighted average for S&P 500
FY2020
How is this calculated?
-15%
YOY change in GHG emissions
Stronger than the -11% weighted average for S&P 500
FY2020 vs. previous year

Primary Climate Goal

-5%
Proj. YOY change in GHG emissions (Scope 1 + 2)
In line with the -5.1% weighted average for S&P 500
FY2021
How is this calculated?

Regency Centers Corp aims to reduce Scope 1 + 2 by 5% by 2021 from a base year 2020


This target has not been verified as science based according to SBTi
Regency Centers Corp's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

Regency Centers Corp's GHG emissions (market-based) (Kt of CO2e)
Regency Centers Corp's Carbon intensity (Tons per 1 USDm)

Regency Centers Corp's carbon footprint

Regency Centers Corp reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 25 Kt (-4.4 /-15.2% y-o-y). Also positively, carbon intensity was down at 24 t (-1.4 /-5.4% y-o-y).

Regency Centers Corp's Scope 3 emissions decreased to 832 Kt (-190 /-18.6% y-o-y).

The company is committed to reducing Scope 1 + 2 by 5% by 2021 from a base year 2020, which translates into the estimated reduction of -1.2 Kt per annum over the period of FY2021 - FY2021. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Regency Centers Corp also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. This target was approved using a streamlined target validation route exclusive to small and medium-sized enterprises (SMEs). https://sciencebasedtargets.org/faqs-for-smes/ Regency Centers Corporation commits to reduce scope 1 and scope 2 GHG emissions 28% by 2030 from a 2019 base year, and to measure and reduce its scope 3 emissions.

Company environmental metrics

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