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 2023, 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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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Eastgroup Properties's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Eastgroup Properties amounted to 190 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).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Eastgroup Properties decreased by 8.21%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Eastgroup Properties's Scope 1 Emissions Over Time

2022202300.511.52tCO2e0%
  • Total Scope 1
  • Year-over-Year Change

What are Eastgroup Properties's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Eastgroup Properties were 2 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Compared to the previous year (2022), Eastgroup Properties's Scope 1 emissions remained relatively stable, indicating that Eastgroup Properties's emissions have plateaued with no significant change in its operational footprint.

What are Eastgroup Properties's Scope 2 emissions?

In 2023, Eastgroup Properties reported Scope 2 greenhouse gas (GHG) emissions of 188 tCOâ‚‚e without specifying the calculation method.

Has Eastgroup Properties reduced its Scope 2 emissions over time?

Compared to the previous year (2022), Eastgroup Properties's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Eastgroup Properties 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does Eastgroup Properties use for Scope 2 reporting?

In 2023, Eastgroup Properties reported its Scope 2 emissions using an unspecified methodology.

Eastgroup Properties's Scope 2 Emissions Over Time

20222023055110165220tCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Eastgroup Properties's Value Chain Emissions

In 2023, Eastgroup Properties reported 21,879 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 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 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Eastgroup Properties's Scope 3 Emissions Over Time

2022202306 k12 k18 k24 ktCO2e-3%
  • Total Scope 3
  • Year-over-Year Change

What are Eastgroup Properties's Scope 3 emissions?

In 2023, Eastgroup Properties reported total Scope 3 emissions of 21,879 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

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.

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

What categories of Scope 3 emissions does Eastgroup Properties disclose?

In 2023, Eastgroup Properties reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.

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 2023, the largest contributors to Eastgroup Properties's Scope 3 emissions were:

  • Downstream Leased Assets (Cat. 13): 21,879 tCOâ‚‚e (100%)

Eastgroup Properties's Scope 3 Emissions by Categories

Downstream LeasedAssets (Cat. 13)(100.0%)

Insights into Eastgroup Properties's Total Carbon Footprint

In 2023, Eastgroup Properties reported a total carbon footprint of 22,069 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3.29% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.

The largest contributor to Eastgroup Properties's total carbon footprint was Scope 3 emissions, accounting for 99.14% of the company's total carbon footprint, followed by Scope 2 emissions at 0.85%.

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