In 2022, Advance Residence Investment completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Advance Residence Investment has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|
Total Scope 1 | 188a | 230a | 221a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 0a | 23a | 6,831a | |
Total Scope 3 | 29,743a | N/A | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.7309a | 0.7423a | 0.6699a |
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In 2022, the total operational greenhouse gas (GHG) emissions of Advance Residence Investment amounted to 188 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2021, the total operational greenhouse gas (GHG) emissions of Advance Residence Investment decreased by 25.69%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2022, the total Scope 1 emissions of Advance Residence Investment were 188 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Advance Residence Investment's Scope 1 emissions have decreased by 21.34%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2021), Advance Residence Investment's Scope 1 emissions decreased by 18.26%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2022, Advance Residence Investment reported Scope 2 greenhouse gas (GHG) emissions of 0 tCO₂e without specifying the calculation method.a
Since 2019, Advance Residence Investment's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 100%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2021), Advance Residence Investment's Scope 2 emissions (Unspecified Calculation Method) fell by 100% in 2022, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2022, Advance Residence Investment reported its Scope 2 emissions using an unspecified methodology.a
In 2022, Advance Residence Investment reported 29,743 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2022 disclosure of Advance Residence Investment includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2021, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2022, Advance Residence Investment reported total Scope 3 emissions of 29,743 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 69.47% of these emissions originated from upstream activities such as purchased goods and capital goods, while 30.53% came from downstream activities like product use, distribution, and end-of-life treatment.a
In 2022, Advance Residence Investment reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2022, the largest contributors to Advance Residence Investment's Scope 3 emissions were:a
In 2022, Advance Residence Investment reported Scope 1 greenhouse gas (GHG) emissions of 188 tCO₂e and total revenues of USD 257 millions. This translates into an emissions intensity of 0.73 tCO₂e per millions USD.a
In 2022, Advance Residence Investment reported a Scope 1 emissions intensity of 0.73 tCO₂e per millions USD. Compared to the peer group median of 7.83, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2022, Advance Residence Investment ranked 4 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Advance Residence Investment among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2022, Advance Residence Investment reported a total carbon footprint of 29,931 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 11,730.43% increase compared to 2021, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Advance Residence Investment's total carbon footprint was Scope 3 emissions, accounting for 99.37% of the company's total carbon footprint, followed by Scope 1 emissions at 0.63%.a