Eastgroup Properties Inc

Common Name
Eastgroup Properties
Country
United States
Sector
Real Estate
Industry
REIT - Industrial
Employees
101
Ticker
EGP
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
EastGroup Properties Inc. is a real estate investment trust (REIT) that focuses on industrial properties, namely distribution facilities. The primary function of the company is to acquire, develop, an...

Eastgroup Properties's GHG Emissions Data Preview

In 2024, Eastgroup Properties 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).

Eastgroup Properties 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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a
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b
0000000
Total Scope 2
Unspecified Calculation Method
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b
0000000
Total Scope 3
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b
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
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b
0000000
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Verified Sources Behind Eastgroup Properties’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Eastgroup Properties’s data sources below and access millions more through our Disclosure Search.

a. Eastgroup Properties's Corporate Responsibility Report (CRR) 2024
a. Eastgroup Properties's Corporate Responsibility Report (CRR) 2024
b. Eastgroup Properties's Corporate Responsibility Report (CRR) 2023
b. Eastgroup Properties's Corporate Responsibility Report (CRR) 2023

Insights into Eastgroup Properties's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Eastgroup Properties amounted to 210 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 Eastgroup Properties decreased by 3.67%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Eastgroup Properties's Scope 1 Emissions Over Time

20222023202400.751.52.253tCO2e0%+50%
  • Total Scope 1
  • Year-over-Year Change

What are Eastgroup Properties's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Eastgroup Properties were 3 metric tons of CO₂ equivalent (tCO₂e). a

Has Eastgroup Properties reduced its Scope 1 emissions over time?

Since 2022, Eastgroup Properties's Scope 1 emissions have increased by 50%, reflecting a rising long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2023), Eastgroup Properties's Scope 1 emissions increased by 50%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Eastgroup Properties's Scope 2 emissions?

In 2024, Eastgroup Properties reported Scope 2 greenhouse gas (GHG) emissions of 207 tCO₂e using the location-based method. a

Has Eastgroup Properties reduced its Scope 2 emissions over time?

Compared to the previous year (2023), Eastgroup Properties's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Eastgroup Properties 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Eastgroup Properties use for Scope 2 reporting?

In 2024, Eastgroup Properties reported its Scope 2 emissions using the location-based method. a

Eastgroup Properties's Scope 2 Emissions Over Time

202220232024055110165220tCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Eastgroup Properties's Value Chain Emissions

In 2024, Eastgroup Properties reported 20,113 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 Eastgroup Properties 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

Eastgroup Properties's Scope 3 Emissions Over Time

20222023202406 k12 k18 k24 ktCO2e-1%-10%
  • Total Scope 3
  • Year-over-Year Change

What are Eastgroup Properties's Scope 3 emissions?

In 2024, Eastgroup Properties reported total Scope 3 emissions of 20,113 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

Has Eastgroup Properties reduced its Scope 3 emissions over time?

Since 2022, Eastgroup Properties's Scope 3 emissions have decreased by 11.05%, reflecting a declining long-term trend in Scope 3 emissions over time. a b

Compared to the previous year (2023), Eastgroup Properties's Scope 3 emissions decreased by 10.23%, highlighting the company's efforts to lower indirect emissions from its value chain. a

What categories of Scope 3 emissions does Eastgroup Properties disclose?

In 2024, Eastgroup Properties 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.

What are the main sources of Eastgroup Properties's Scope 3 emissions?

In 2024, the largest contributors to Eastgroup Properties's Scope 3 emissions were: a

  • Downstream Leased Assets (Cat. 13): 20,113 tCO₂e (100%)

Eastgroup Properties's Scope 3 Emissions by Categories

Downstream LeasedAssets (Cat. 13)(100.0%)

Insights into Eastgroup Properties’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Eastgroup Properties reported Scope 1 greenhouse gas (GHG) emissions of 3 tCO₂e and total revenues of USD 638 millions. This translates into an emissions intensity of 0 tCO₂e per millions USD. a

Eastgroup Properties's Scope 1 Emissions Intensity Compared to Peers

201,00020,0001,000,000Scope 1 Emissions (tCO2e)1002001,0005,00020,000Revenues (Millions of USD)LPrologisYear: 2024Scope 1: 4,835 tCO2eRevenue: $M 8,202Scope 1 Intensity: 0.59 tCO2e/$MCubeSmartYear: 2023Scope 1: 7,326 tCO2eRevenue: $M 1,050Scope 1 Intensity: 6.97 tCO2e/$MNSAYear: 2023Scope 1: 4,403 tCO2eRevenue: $M 858Scope 1 Intensity: 5.13 tCO2e/$MTerreno RealtyYear: 2022Scope 1: 5 tCO2eRevenue: $M 276Scope 1 Intensity: 0.02 tCO2e/$MCamden Property TrustYear: 2024Scope 1: 14,163 tCO2eRevenue: $M 1,544Scope 1 Intensity: 9.17 tCO2e/$MExtra Space StorageYear: 2024Scope 1: 37,171 tCO2eRevenue: $M 3,257Scope 1 Intensity: 11.41 tCO2e/$MLLLineageYear: 2024Scope 1: 292,065 tCO2eRevenue: $M 5,340Scope 1 Intensity: 54.69 tCO2e/$MAGNC InvestmentYear: 2023Scope 1: 1 tCO2eRevenue: $M 250Scope 1 Intensity: 0.00 tCO2e/$MLXP Industrial TrustYear: 2024Scope 1: 235 tCO2eRevenue: $M 358Scope 1 Intensity: 0.66 tCO2e/$MAmericold Realty TrustYear: 2024Scope 1: 94,310 tCO2eRevenue: $M 2,667Scope 1 Intensity: 35.37 tCO2e/$MSabra Health Care REITYear: 2024Scope 1: 6,694 tCO2eRevenue: $M 703Scope 1 Intensity: 9.52 tCO2e/$MOUTFRONT MediaYear: 2024Scope 1: 3,747 tCO2eRevenue: $M 1,831Scope 1 Intensity: 2.05 tCO2e/$MRayonierYear: 2024Scope 1: 557 tCO2eRevenue: $M 1,263Scope 1 Intensity: 0.44 tCO2e/$MHealthcare Realty TrustYear: 2023Scope 1: 21,152 tCO2eRevenue: $M 1,344Scope 1 Intensity: 15.74 tCO2e/$MEPR PropertiesYear: 2023Scope 1: 6,064 tCO2eRevenue: $M 660Scope 1 Intensity: 9.19 tCO2e/$MEssex Property TrustYear: 2024Scope 1: 28,969 tCO2eRevenue: $M 1,774Scope 1 Intensity: 16.33 tCO2e/$MPublic StorageYear: 2024Scope 1: 32,399 tCO2eRevenue: $M 4,696Scope 1 Intensity: 6.90 tCO2e/$MRexford Industrial RealtyYear: 2024Scope 1: 21 tCO2eRevenue: $M 938Scope 1 Intensity: 0.02 tCO2e/$MUDRYear: 2023Scope 1: 16,379 tCO2eRevenue: $M 1,628Scope 1 Intensity: 10.06 tCO2e/$MAmerican Homes 4 RentYear: 2024Scope 1: 13,532 tCO2eRevenue: $M 1,729Scope 1 Intensity: 7.83 tCO2e/$MPotlatchdelticYear: 2024Scope 1: 45,000 tCO2eRevenue: $M 1,062Scope 1 Intensity: 42.37 tCO2e/$MVornado Realty TrustYear: 2024Scope 1: 22,586 tCO2eRevenue: $M 1,788Scope 1 Intensity: 12.63 tCO2e/$MXenia Hotels & ResortsYear: 2023Scope 1: 19,651 tCO2eRevenue: $M 1,025Scope 1 Intensity: 19.16 tCO2e/$MEastgroup PropertiesYear: 2024Scope 1: 3 tCO2eRevenue: $M 638Scope 1 Intensity: 0.00 tCO2e/$M

How does Eastgroup Properties's GHG emissions intensity compare to its peers?

In 2024, Eastgroup Properties reported a Scope 1 emissions intensity of 0 tCO₂e per millions USD. Compared to the peer group median of 9.17 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Eastgroup Properties rank on GHG emissions intensity within its industry?

In 2024, Eastgroup Properties ranked 2 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Eastgroup Properties among the top performers, with one of the lowest emissions intensities relative to peers. a

Insights into Eastgroup Properties's Total Carbon Footprint

In 2024, Eastgroup Properties reported a total carbon footprint of 20,323 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 10.17% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to Eastgroup Properties's total carbon footprint was Scope 3 emissions, accounting for 98.97% of the company's total carbon footprint, followed by Scope 2 emissions at 1.02%. a

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