Brixmor Property Group Inc

Common Name
Brixmor Property Group
Country
United States
Sector
Real Estate
Industry
REIT - Retail
Employees
453
Ticker
BRX
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Brixmor Property Group Inc. is a publicly traded real estate investment trust (REIT) that specializes in owning and operating open-air retail shopping centers. It focuses on creating convenient retail...

Brixmor Property Group's GHG Emissions Data Preview

In 2023, Brixmor Property Group 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).

Brixmor Property Group has also provided a category-level breakdown for 3 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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a
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0000000
Total Scope 2
Market-Based
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a
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0000000
Location-Based
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a
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0000000
Unspecified Calculation Method
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0000000
Total Scope 3
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a
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a
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a
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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0000000
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Verified Sources Behind Brixmor Property Group’s Greenhouse Gas (GHG) Emissions Data

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a. Brixmor Property Group's Corporate Responsibility Report (CRR) 2023
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Insights into Brixmor Property Group's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Brixmor Property Group amounted to 21,988 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 2022, the total operational greenhouse gas (GHG) emissions of Brixmor Property Group decreased by 13.1%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Brixmor Property Group's Scope 1 Emissions Over Time

20182019202020212022202301.5 k3 k4.5 k6 ktCO2e-16%-20%+29%-5%-26%
  • Total Scope 1
  • Year-over-Year Change

What are Brixmor Property Group's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Brixmor Property Group were 3,414 metric tons of CO₂ equivalent (tCO₂e). a

Has Brixmor Property Group reduced its Scope 1 emissions over time?

Since 2018, Brixmor Property Group's Scope 1 emissions have decreased by 38.13%, reflecting a declining long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), Brixmor Property Group's Scope 1 emissions decreased by 25.6%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Brixmor Property Group's Scope 2 emissions?

In 2023, Brixmor Property Group reported Scope 2 greenhouse gas (GHG) emissions of 17,944 tCO₂e using the market-based method and 18,574 tCO₂e using the location-based method. a

Has Brixmor Property Group reduced its Scope 2 emissions over time?

Since 2018, Brixmor Property Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 50.28%, reflecting a declining long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2022), Brixmor Property Group's Scope 2 emissions (Location-Based) fell by 10.33% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a

What methodology does Brixmor Property Group use for Scope 2 reporting?

In 2023, Brixmor Property Group reported its Scope 2 emissions using the market-based method and using the location-based method. a

Brixmor Property Group's Scope 2 Emissions Over Time

20182019202020212022202309.5 k19 k28.5 k38 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Brixmor Property Group's Value Chain Emissions

In 2023, Brixmor Property Group reported 720,318 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 2023 disclosure of Brixmor Property Group includes a breakdown across 3 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. a

Brixmor Property Group's Scope 3 Emissions Over Time

2018201920202021202220230250 k500 k750 k1 MtCO2e-97%-11%+3256%-1%-2%
  • Total Scope 3
  • Year-over-Year Change

What are Brixmor Property Group's Scope 3 emissions?

In 2023, Brixmor Property Group reported total Scope 3 emissions of 720,318 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 7.07% of these emissions originated from upstream activities such as purchased goods and capital goods, while 92.93% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Brixmor Property Group reduced its Scope 3 emissions over time?

Since 2018, Brixmor Property Group's Scope 3 emissions have decreased by 17.95%, reflecting a declining long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2022), Brixmor Property Group's Scope 3 emissions remained relatively stable, indicating that Brixmor Property Group 's emissions have plateaued with no significant change in its value chain footprint. a

What categories of Scope 3 emissions does Brixmor Property Group disclose?

In 2023, Brixmor Property Group 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 Brixmor Property Group's Scope 3 emissions?

In 2023, the largest contributors to Brixmor Property Group's Scope 3 emissions were: a

  • Downstream Leased Assets (Cat. 13): 669,361 tCO₂e (92.93%)
  • Capital Goods (Cat. 2): 33,417 tCO₂e (4.64%)
  • Purchased Goods and Services (Cat. 1): 17,540 tCO₂e (2.44%)

Brixmor Property Group's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(2.4%)Downstream LeasedAssets (Cat. 13)(92.9%)Capital Goods(Cat. 2)(4.6%)

Insights into Brixmor Property Group's Total Carbon Footprint

In 2023, Brixmor Property Group reported a total carbon footprint of 742,306 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 2.84% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to Brixmor Property Group's total carbon footprint was Scope 3 emissions, accounting for 97.04% of the company's total carbon footprint, followed by Scope 2 emissions at 2.5%. a

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