Equity Residential

Country
United States
Sector
Real Estate
Industry
REIT - Residential
Employees
2,500
Ticker
EQR
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Equity Residential is a real estate investment trust (REIT) that specializes in the acquisition, development, and management of residential apartment properties. As a notable player in the real estate...

Equity Residential's GHG Emissions Data Preview

In 2022, Equity Residential 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).

Equity Residential has also provided a category-level breakdown for 2 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
Market-Based
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Location-Based
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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 Equity Residential's Operational Emissions

In 2022, the total operational greenhouse gas (GHG) emissions of Equity Residential amounted to 117,625 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 2021, the total operational greenhouse gas (GHG) emissions of Equity Residential increased by 3.61%, suggesting that the company faced challenges in reducing its emissions from its core operations.

Equity Residential's Scope 1 Emissions Over Time

20182019202020212022025 k50 k75 k100 ktCO2e0%-11%-3%-3%
  • Total Scope 1
  • Year-over-Year Change

What are Equity Residential's Scope 1 emissions?

In 2022, the total Scope 1 emissions of Equity Residential were 68,855 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Equity Residential reduced its Scope 1 emissions over time?

Since 2018, Equity Residential's Scope 1 emissions have decreased by 15.09%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2021), Equity Residential's Scope 1 emissions decreased by 2.6%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Equity Residential's Scope 2 emissions?

In 2022, Equity Residential reported Scope 2 greenhouse gas (GHG) emissions of 48,770 tCOâ‚‚e using the market-based method, and 48,770 tCOâ‚‚e using the location-based method.

Has Equity Residential reduced its Scope 2 emissions over time?

Compared to the previous year (2021), Equity Residential's Scope 2 emissions (Location-Based) rose by 13.87% in 2022, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy

What methodology does Equity Residential use for Scope 2 reporting?

In 2022, Equity Residential reported its Scope 2 emissions using the market-based method and using the location-based method.

Equity Residential's Scope 2 Emissions Over Time

20182019202020212022015 k30 k45 k60 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Equity Residential's Value Chain Emissions

In 2022, Equity Residential reported 163,084 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 2022 disclosure of Equity Residential includes a breakdown across 2 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2021, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Equity Residential's Scope 3 Emissions Over Time

202020212022045 k90 k135 k180 ktCO2e+4%+8%
  • Total Scope 3
  • Year-over-Year Change

What are Equity Residential's Scope 3 emissions?

In 2022, Equity Residential reported total Scope 3 emissions of 163,084 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 10.34% of these emissions originated from upstream activities such as purchased goods and capital goods, while 89.66% came from downstream activities like product use, distribution, and end-of-life treatment.

Compared to the previous year (2021), Equity Residential's Scope 3 emissions remained relatively stable, indicating that Equity Residential 's emissions have plateaued with no significant change in its value chain footprint.

What categories of Scope 3 emissions does Equity Residential disclose?

In 2022, Equity Residential reported emissions for 2 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 Equity Residential's Scope 3 emissions?

In 2022, the largest contributors to Equity Residential's Scope 3 emissions were:

  • Downstream Leased Assets (Cat. 13): 146,228 tCOâ‚‚e (89.66%)
  • Waste Generated in Operations (Cat. 5): 16,856 tCOâ‚‚e (10.34%)

Equity Residential's Scope 3 Emissions by Categories

Downstream LeasedAssets (Cat. 13)(89.7%)Waste Generated inOperations (Cat. 5)(10.3%)

Insights into Equity Residential's Total Carbon Footprint

In 2022, Equity Residential reported a total carbon footprint of 280,709 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 6.16% increase compared to 2021, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Equity Residential's total carbon footprint was Scope 3 emissions, accounting for 58.1% of the company's total carbon footprint, followed by Scope 1 emissions at 24.53%.

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