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) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Scope 1 | 3,414a | 4,589a | 4,807a | |
Total Scope 2 | ||||
Market-Based | 17,944a | N/A | N/A | |
Location-Based | 18,574a | 20,714a | 23,591a | |
Unspecified Calculation Method | N/A | N/A | N/A | |
Total Scope 3 | 720,318a | 738,740a | 745,346a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 2.7421a | 3.7674a | 4.1718a |
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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
In 2023, the total Scope 1 emissions of Brixmor Property Group were 3,414 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Brixmor Property Group's Scope 1 emissions have decreased by 26.22%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
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
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
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
In 2023, Brixmor Property Group reported its Scope 2 emissions using the market-based method and using the location-based method.a
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
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
Since 2019, Brixmor Property Group's Scope 3 emissions have increased by 2,789.25%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
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
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.
In 2023, the largest contributors to Brixmor Property Group's Scope 3 emissions were:a
In 2023, Brixmor Property Group reported Scope 1 greenhouse gas (GHG) emissions of 3,414 tCO₂e and total revenues of USD 1,245 millions. This translates into an emissions intensity of 2.74 tCO₂e per millions USD.a
In 2023, Brixmor Property Group reported a Scope 1 emissions intensity of 2.74 tCO₂e per millions USD. Compared to the peer group median of 4.15, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2023, Brixmor Property Group ranked 11 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Brixmor Property Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
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