Alexandria Real Estate Equities Inc

Common Name
Alexandria Real Estate Equities
Country
United States
Sector
Real Estate
Industry
REIT - Office
Employees
552
Ticker
ARE
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Alexandria Real Estate Equities, Inc. is a real estate investment trust (REIT) that specializes in the ownership, operation, and development of collaborative life science and technology campuses. Thes...

Alexandria Real Estate Equities's GHG Emissions Data Preview

In 2023, Alexandria Real Estate Equities 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).

Alexandria Real Estate Equities has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Unspecified Calculation Method
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Alexandria Real Estate Equities's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Alexandria Real Estate Equities amounted to 305,002 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).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Alexandria Real Estate Equities decreased by 1.65%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Alexandria Real Estate Equities's Scope 1 Emissions Over Time

201820192020202120222023030 k60 k90 k120 ktCO2e-2%+7%+25%+24%-3%
  • Total Scope 1
  • Year-over-Year Change

What are Alexandria Real Estate Equities's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Alexandria Real Estate Equities were 104,025 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Alexandria Real Estate Equities reduced its Scope 1 emissions over time?

Since 2018, Alexandria Real Estate Equities's Scope 1 emissions have increased by 58.27%, reflecting a rising long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Alexandria Real Estate Equities's Scope 1 emissions decreased by 2.57%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Alexandria Real Estate Equities's Scope 2 emissions?

In 2023, Alexandria Real Estate Equities reported Scope 2 greenhouse gas (GHG) emissions of 141,867 tCOâ‚‚e using the market-based method, and 200,977 tCOâ‚‚e using the location-based method.

Has Alexandria Real Estate Equities reduced its Scope 2 emissions over time?

Compared to the previous year (2022), Alexandria Real Estate Equities's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Alexandria Real Estate Equities 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does Alexandria Real Estate Equities use for Scope 2 reporting?

In 2023, Alexandria Real Estate Equities reported its Scope 2 emissions using the market-based method and using the location-based method.

Alexandria Real Estate Equities's Scope 2 Emissions Over Time

201820192020202120222023055 k110 k165 k220 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Alexandria Real Estate Equities's Value Chain Emissions

In 2023, Alexandria Real Estate Equities reported 105,914 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Alexandria Real Estate Equities includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Alexandria Real Estate Equities's Scope 3 Emissions Over Time

201820192020202120222023030 k60 k90 k120 ktCO2e-47%+34%+97%+83%+60%
  • Total Scope 3
  • Year-over-Year Change

What are Alexandria Real Estate Equities's Scope 3 emissions?

In 2023, Alexandria Real Estate Equities reported total Scope 3 emissions of 105,914 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 0% of these emissions originated from upstream activities such as purchased goods and capital goods, while 100% came from downstream activities like product use, distribution, and end-of-life treatment.

Has Alexandria Real Estate Equities reduced its Scope 3 emissions over time?

Since 2018, Alexandria Real Estate Equities's Scope 3 emissions have increased by 314.78%, reflecting a rising long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), Alexandria Real Estate Equities's Scope 3 emissions increased by 59.62%, suggesting that the company faced challenges in reducing emissions across its value chain.

What categories of Scope 3 emissions does Alexandria Real Estate Equities disclose?

In 2023, Alexandria Real Estate Equities reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Alexandria Real Estate Equities's Scope 3 emissions?

In 2023, the largest contributors to Alexandria Real Estate Equities's Scope 3 emissions were:

  • Downstream Leased Assets (Cat. 13): 105,914 tCOâ‚‚e (100%)

Alexandria Real Estate Equities's Scope 3 Emissions by Categories

Downstream LeasedAssets (Cat. 13)(100.0%)

Insights into Alexandria Real Estate Equities's Total Carbon Footprint

In 2023, Alexandria Real Estate Equities reported a total carbon footprint of 410,916 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 9.15% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Alexandria Real Estate Equities's total carbon footprint was Scope 2 emissions, accounting for 48.91% of the company's total carbon footprint, followed by Scope 3 emissions at 25.78%.

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