Regency Centers Corp
Primary Climate Goal
Regency Centers Corp's target annual Scope 1 + 2 emissions for 2021 should be equal to 23 Kt = 5% * 25 Kt, according to the company's stated climate goal.
In order to achieve this goal, Regency Centers Corp would need to reduce its emissions at least by -1.2 Kt per annum over the period from 2021 to 2021:
-1.2 Kt = ( 23 Kt - 25 Kt ) / (2021 - 2020)
This translates into a -5% reduction in 2021.
The projected range shown on the chart is based on the Exerica's algorithm which takes account of both the company's stated goal and its past performance.
Regency Centers Corp aims to reduce Scope 1 + 2 by 5% by 2021 from a base year 2020
Science Based Targets initiative
GHG emissions and Carbon intensity
Scope 1 + 2 GHG emissions (in tons of CO2e) divided by the company's Revenues (in USDm) for the same period
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 (
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.