In 2024, 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) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 108,507a | 104,025a | 106,768b | |
Total Scope 2 | ||||
Market-Based | 116,593a | 141,867a | 125,355b | |
Location-Based | 204,192a | 200,977a | 203,362b | |
Unspecified Calculation Method | N/A | N/A | N/A | |
Total Scope 3 | 82,176a | 105,914a | 66,353b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 35.5795a | 36.0485a | 41.2397b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Alexandria Real Estate Equities amounted to 312,699 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 2023, the total operational greenhouse gas (GHG) emissions of Alexandria Real Estate Equities increased by 2.52%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Alexandria Real Estate Equities were 108,507 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Alexandria Real Estate Equities's Scope 1 emissions have increased by 67.63%, reflecting a rising long-term trend in Scope 1 emissions over time.ac
Compared to the previous year (2023), Alexandria Real Estate Equities's Scope 1 emissions increased by 4.31%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Alexandria Real Estate Equities reported Scope 2 greenhouse gas (GHG) emissions of 116,593 tCO₂e using the market-based method and 204,192 tCO₂e using the location-based method.a
Compared to the previous year (2023), 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.a
In 2024, Alexandria Real Estate Equities reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Alexandria Real Estate Equities reported 82,176 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 2024 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 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Alexandria Real Estate Equities reported total Scope 3 emissions of 82,176 metric tons of CO₂ equivalent (tCO₂e).a
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.a
Since 2019, Alexandria Real Estate Equities's Scope 3 emissions have increased by 501.76%, reflecting a rising long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2023), Alexandria Real Estate Equities's Scope 3 emissions decreased by 22.41%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, Alexandria Real Estate Equities reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
In 2024, the largest contributors to Alexandria Real Estate Equities's Scope 3 emissions were:a
In 2024, Alexandria Real Estate Equities reported Scope 1 greenhouse gas (GHG) emissions of 108,507 tCO₂e and total revenues of USD 3,050 millions. This translates into an emissions intensity of 35.58 tCO₂e per millions USD.a
In 2024, Alexandria Real Estate Equities reported a Scope 1 emissions intensity of 35.58 tCO₂e per millions USD. Compared to the peer group median of 4.71, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Alexandria Real Estate Equities ranked 26 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Alexandria Real Estate Equities among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Alexandria Real Estate Equities reported a total carbon footprint of 394,875 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3.9% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Alexandria Real Estate Equities's total carbon footprint was Scope 2 emissions, accounting for 51.71% of the company's total carbon footprint, followed by Scope 1 emissions at 27.48%.a