AvalonBay Communities Inc
AvalonBay Communities's GHG Emissions Data Preview
In 2024, AvalonBay Communities 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).
AvalonBay Communities 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) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  d | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
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dVerified Sources Behind AvalonBay Communities’s Greenhouse Gas (GHG) Emissions Data
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Insights into AvalonBay Communities's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of AvalonBay Communities amounted to 69,144 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 AvalonBay Communities increased by 12.06%, suggesting that the company faced challenges in reducing its emissions from its core operations. a b
AvalonBay Communities's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are AvalonBay Communities's Scope 1 emissions?
In 2024, the total Scope 1 emissions of AvalonBay Communities were 21,335 metric tons of CO₂ equivalent (tCO₂e). a
Has AvalonBay Communities reduced its Scope 1 emissions over time?
Since 2018, AvalonBay Communities's Scope 1 emissions have increased by 7.67%, reflecting a rising long-term trend in Scope 1 emissions over time. a e
Compared to the previous year (2023), AvalonBay Communities's Scope 1 emissions increased by 49.81%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a b
What are AvalonBay Communities's Scope 2 emissions?
In 2024, AvalonBay Communities reported Scope 2 greenhouse gas (GHG) emissions of 18,662 tCO₂e using the market-based method and 47,809 tCO₂e using the location-based method. a
Has AvalonBay Communities reduced its Scope 2 emissions over time?
Compared to the previous year (2023), AvalonBay Communities's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that AvalonBay Communities 's emissions have plateaued with no significant change in its energy consumption footprint. a b
What methodology does AvalonBay Communities use for Scope 2 reporting?
In 2024, AvalonBay Communities reported its Scope 2 emissions using the market-based method and using the location-based method. a
AvalonBay Communities's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
- Total Scope 2 (Unspecified Calculation Method)
Insights into AvalonBay Communities's Value Chain Emissions
In 2024, AvalonBay Communities reported 329,098 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 AvalonBay Communities includes a breakdown across 3 of the 15 Scope 3 categories defined by the GHG Protocol, down from 6 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions. a
AvalonBay Communities's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are AvalonBay Communities's Scope 3 emissions?
In 2024, AvalonBay Communities reported total Scope 3 emissions of 329,098 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 25.08% of these emissions originated from upstream activities such as purchased goods and capital goods, while 74.92% came from downstream activities like product use, distribution, and end-of-life treatment. a
Has AvalonBay Communities reduced its Scope 3 emissions over time?
Since 2018, AvalonBay Communities's Scope 3 emissions have increased by 5,179.08%, reflecting a rising long-term trend in Scope 3 emissions over time. a e
Compared to the previous year (2023), AvalonBay Communities's Scope 3 emissions decreased by 18.88%, highlighting the company's efforts to lower indirect emissions from its value chain. a b
What categories of Scope 3 emissions does AvalonBay Communities disclose?
In 2024, AvalonBay Communities reported emissions for 3 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.
What are the main sources of AvalonBay Communities's Scope 3 emissions?
In 2024, the largest contributors to AvalonBay Communities's Scope 3 emissions were: a
- Downstream Leased Assets (Cat. 13): 246,562 tCO₂e (74.92%)
- Waste Generated in Operations (Cat. 5): 65,020 tCO₂e (19.76%)
- Fuel- and Energy-Related Services (Cat. 3): 17,516 tCO₂e (5.32%)
AvalonBay Communities's Scope 3 Emissions by Categories
Insights into AvalonBay Communities’s GHG Emissions Intensity Compared to Industry Peers
In 2024, AvalonBay Communities reported Scope 1 greenhouse gas (GHG) emissions of 21,335 tCO₂e and total revenues of USD 2,914 millions. This translates into an emissions intensity of 7.32 tCO₂e per millions USD. a
AvalonBay Communities's Scope 1 Emissions Intensity Compared to Peers
How does AvalonBay Communities's GHG emissions intensity compare to its peers?
In 2024, AvalonBay Communities reported a Scope 1 emissions intensity of 7.32 tCO₂e per millions USD. Compared to the peer group median of 8.5 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
Where does AvalonBay Communities rank on GHG emissions intensity within its industry?
In 2024, AvalonBay Communities ranked 11 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
AvalonBay Communities is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into AvalonBay Communities's Total Carbon Footprint
In 2024, AvalonBay Communities reported a total carbon footprint of 398,242 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 14.8% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a b
The largest contributor to AvalonBay Communities's total carbon footprint was Scope 3 emissions, accounting for 82.64% of the company's total carbon footprint, followed by Scope 2 emissions at 12.01%. a