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) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 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 2 | ||||
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. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 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 |
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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
In 2024, the total Scope 1 emissions of Eastgroup Properties were 3 metric tons of CO₂ equivalent (tCO₂e). a
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
In 2024, Eastgroup Properties reported Scope 2 greenhouse gas (GHG) emissions of 207 tCO₂e using the location-based method. a
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
In 2024, Eastgroup Properties reported its Scope 2 emissions using the location-based method. a
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
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
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
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.
In 2024, the largest contributors to Eastgroup Properties's Scope 3 emissions were: a
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
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
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
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