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)2022202120202019 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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0000000
Location-Based
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0000000
Unspecified Calculation Method
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Equity Residential’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 Equity Residential’s data sources below and access millions more through our Disclosure Search.

a. Equity Residential's ESG Report 2023
a. Equity Residential's ESG Report 2023
b. Equity Residential's ESG Report 2021
b. Equity Residential's ESG Report 2021

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). a

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. a

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 CO₂ equivalent (tCO₂e). a

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. a b

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. a

What are Equity Residential's Scope 2 emissions?

In 2022, Equity Residential reported Scope 2 greenhouse gas (GHG) emissions of 48,770 tCO₂e using the market-based method and 48,770 tCO₂e using the location-based method. a

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 a

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. a

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 CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

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. a

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 CO₂ equivalent (tCO₂e). a

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. a

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. a

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. a

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: a

  • Downstream Leased Assets (Cat. 13): 146,228 tCO₂e (89.66%)
  • Waste Generated in Operations (Cat. 5): 16,856 tCO₂e (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 GHG Emissions Intensity Compared to Industry Peers

In 2022, Equity Residential reported Scope 1 greenhouse gas (GHG) emissions of 68,855 tCO₂e and total revenues of USD 2,735 millions. This translates into an emissions intensity of 25.17 tCO₂e per millions USD. a

Equity Residential's Scope 1 Emissions Intensity Compared to Peers

102005,000100,0001,000,000Scope 1 Emissions (tCO2e)1002001,0005,00020,000Revenues (Millions of USD)VPark Hotels & ResortsYear: 2023Scope 1: 59,383 tCO2eRevenue: $M 2,698Scope 1 Intensity: 22.01 tCO2e/$MRegency CentersYear: 2024Scope 1: 3,179 tCO2eRevenue: $M 1,454Scope 1 Intensity: 2.19 tCO2e/$MWeyerhaeuserYear: 2023Scope 1: 400,000 tCO2eRevenue: $M 7,674Scope 1 Intensity: 52.12 tCO2e/$MSun CommunitiesYear: 2023Scope 1: 38,505 tCO2eRevenue: $M 3,179Scope 1 Intensity: 12.11 tCO2e/$MCubeSmartYear: 2023Scope 1: 7,326 tCO2eRevenue: $M 1,050Scope 1 Intensity: 6.97 tCO2e/$MGaming and Leisure PropertiesYear: 2023Scope 1: 20 tCO2eRevenue: $M 1,444Scope 1 Intensity: 0.01 tCO2e/$MWP CareyYear: 2024Scope 1: 4,800 tCO2eRevenue: $M 1,583Scope 1 Intensity: 3.03 tCO2e/$MAlexandria Real Estate EquitiesYear: 2024Scope 1: 108,507 tCO2eRevenue: $M 3,050Scope 1 Intensity: 35.58 tCO2e/$MSBA CommunicationsYear: 2023Scope 1: 10,200 tCO2eRevenue: $M 2,712Scope 1 Intensity: 3.76 tCO2e/$MEquity LifeStyle PropertiesYear: 2021Scope 1: 17,041 tCO2eRevenue: $M 1,255Scope 1 Intensity: 13.58 tCO2e/$MMid-America Apartment CommunitiesYear: 2023Scope 1: 6,070 tCO2eRevenue: $M 2,149Scope 1 Intensity: 2.83 tCO2e/$MHealthpeak PropertiesYear: 2024Scope 1: 71,829 tCO2eRevenue: $M 2,700Scope 1 Intensity: 26.60 tCO2e/$MCamden Property TrustYear: 2024Scope 1: 14,163 tCO2eRevenue: $M 1,544Scope 1 Intensity: 9.17 tCO2e/$MVVVeris ResidentialYear: 2024Scope 1: 5,397 tCO2eRevenue: $M 271Scope 1 Intensity: 19.91 tCO2e/$MKimco RealtyYear: 2024Scope 1: 4,165 tCO2eRevenue: $M 2,037Scope 1 Intensity: 2.04 tCO2e/$MIron MountainYear: 2024Scope 1: 115,728 tCO2eRevenue: $M 6,150Scope 1 Intensity: 18.82 tCO2e/$MVentasYear: 2024Scope 1: 129,420 tCO2eRevenue: $M 4,924Scope 1 Intensity: 26.28 tCO2e/$MSimon Property GroupYear: 2023Scope 1: 22,241 tCO2eRevenue: $M 5,659Scope 1 Intensity: 3.93 tCO2e/$MAvalonBay CommunitiesYear: 2024Scope 1: 21,335 tCO2eRevenue: $M 2,914Scope 1 Intensity: 7.32 tCO2e/$MEssex Property TrustYear: 2024Scope 1: 28,969 tCO2eRevenue: $M 1,774Scope 1 Intensity: 16.33 tCO2e/$MCentury CommunitiesYear: 2023Scope 1: 10,562 tCO2eRevenue: $M 3,692Scope 1 Intensity: 2.86 tCO2e/$MInvitation HomesYear: 2022Scope 1: 5,158 tCO2eRevenue: $M 2,238Scope 1 Intensity: 2.30 tCO2e/$MPublic StorageYear: 2024Scope 1: 32,399 tCO2eRevenue: $M 4,696Scope 1 Intensity: 6.90 tCO2e/$MUDRYear: 2023Scope 1: 16,379 tCO2eRevenue: $M 1,628Scope 1 Intensity: 10.06 tCO2e/$MAmerican Homes 4 RentYear: 2024Scope 1: 13,532 tCO2eRevenue: $M 1,729Scope 1 Intensity: 7.83 tCO2e/$MEquity ResidentialYear: 2022Scope 1: 68,855 tCO2eRevenue: $M 2,735Scope 1 Intensity: 25.17 tCO2e/$M

How does Equity Residential's GHG emissions intensity compare to its peers?

In 2022, Equity Residential reported a Scope 1 emissions intensity of 25.17 tCO₂e per millions USD. Compared to the peer group median of 7.83 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Equity Residential rank on GHG emissions intensity within its industry?

In 2022, Equity Residential ranked 22 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Equity Residential among the least efficient performers, with one of the highest emissions intensities in its sector. a

Insights into Equity Residential's Total Carbon Footprint

In 2022, Equity Residential reported a total carbon footprint of 280,709 metric tons of CO₂ equivalent (tCO₂e) 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. a

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%. a

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