Essex Property Trust Inc

Common Name
Essex Property Trust
Country
United States
Sector
Real Estate
Industry
REIT - Residential
Employees
1,712
Ticker
ESS
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Essex Property Trust, Inc. is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation, and development of multifamily residential properties predominantly locate...

Essex Property Trust's GHG Emissions Data Preview

In 2024, Essex Property Trust 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) and Scope 2 (indirect emissions from purchased energy).

However, Essex Property Trust has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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0000000
Location-Based
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b
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Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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0000000
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Verified Sources Behind Essex Property Trust’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 Essex Property Trust’s data sources below and access millions more through our Disclosure Search.

a. Essex Property Trust's Sustainability Report 2024
a. Essex Property Trust's Sustainability Report 2024
b. Essex Property Trust's ESG Report 2023
b. Essex Property Trust's ESG Report 2023

Insights into Essex Property Trust's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Essex Property Trust amounted to 38,358 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 Essex Property Trust decreased by 24.06%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a b

Essex Property Trust's Scope 1 Emissions Over Time

201820192020202120222023202409.5 k19 k28.5 k38 ktCO2e+2%-15%+11%-7%+1%-9%
  • Total Scope 1
  • Year-over-Year Change

What are Essex Property Trust's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Essex Property Trust were 28,969 metric tons of CO₂ equivalent (tCO₂e). a

Has Essex Property Trust reduced its Scope 1 emissions over time?

Since 2018, Essex Property Trust's Scope 1 emissions have decreased by 18.29%, reflecting a declining long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2023), Essex Property Trust's Scope 1 emissions decreased by 9.11%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Essex Property Trust's Scope 2 emissions?

In 2024, Essex Property Trust reported Scope 2 greenhouse gas (GHG) emissions of 9,389 tCO₂e using the market-based method. a

Has Essex Property Trust reduced its Scope 2 emissions over time?

Since 2018, Essex Property Trust's Scope 2 greenhouse gas (GHG) emissions ( Market-Based) have decreased by 56.88%, reflecting a declining long-term trend in Scope 2 emissions over time. a

What methodology does Essex Property Trust use for Scope 2 reporting?

In 2024, Essex Property Trust reported its Scope 2 emissions using the market-based method. a

Essex Property Trust's Scope 2 Emissions Over Time

201820192020202120222023202405.5 k11 k16.5 k22 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Essex Property Trust’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Essex Property Trust reported Scope 1 greenhouse gas (GHG) emissions of 28,969 tCO₂e and total revenues of USD 1,774 millions. This translates into an emissions intensity of 16.33 tCO₂e per millions USD. a

Essex Property Trust's Scope 1 Emissions Intensity Compared to Peers

2050010,000200,000Scope 1 Emissions (tCO2e)1002001,0002,00010,000Revenues (Millions of USD)VNNN REITYear: 2024Scope 1: 108 tCO2eRevenue: $M 869Scope 1 Intensity: 0.12 tCO2e/$MRegency CentersYear: 2024Scope 1: 3,179 tCO2eRevenue: $M 1,454Scope 1 Intensity: 2.19 tCO2e/$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: $M 1,583Scope 1 Intensity: 3.03 tCO2e/$MEquity LifeStyle PropertiesYear: 2021Scope 1: 17,041 tCO2eRevenue: $M 1,255Scope 1 Intensity: 13.58 tCO2e/$MEastgroup PropertiesYear: 2024Scope 1: 3 tCO2eRevenue: $M 638Scope 1 Intensity: 0.00 tCO2e/$MMid-America Apartment CommunitiesYear: 2023Scope 1: 6,070 tCO2eRevenue: $M 2,149Scope 1 Intensity: 2.83 tCO2e/$MCamden Property TrustYear: 2024Scope 1: 14,163 tCO2eRevenue: $M 1,544Scope 1 Intensity: 9.17 tCO2e/$MMedical Properties TrustYear: 2022Scope 1: 4,835 tCO2eRevenue: $M 1,543Scope 1 Intensity: 3.13 tCO2e/$MAGNC InvestmentYear: 2023Scope 1: 1 tCO2eRevenue: $M 250Scope 1 Intensity: 0.00 tCO2e/$MVVVeris ResidentialYear: 2024Scope 1: 5,397 tCO2eRevenue: $M 271Scope 1 Intensity: 19.91 tCO2e/$MEquity ResidentialYear: 2022Scope 1: 68,855 tCO2eRevenue: $M 2,735Scope 1 Intensity: 25.17 tCO2e/$MHealthcare Realty TrustYear: 2023Scope 1: 21,152 tCO2eRevenue: $M 1,344Scope 1 Intensity: 15.74 tCO2e/$MAgree RealtyYear: 2023Scope 1: 271 tCO2eRevenue: $M 537Scope 1 Intensity: 0.50 tCO2e/$MBrixmor Property GroupYear: 2023Scope 1: 3,414 tCO2eRevenue: $M 1,245Scope 1 Intensity: 2.74 tCO2e/$MAvalonBay CommunitiesYear: 2024Scope 1: 21,335 tCO2eRevenue: $M 2,914Scope 1 Intensity: 7.32 tCO2e/$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: $M 1,628Scope 1 Intensity: 10.06 tCO2e/$MCoStar GroupYear: 2024Scope 1: 5,710 tCO2eRevenue: $M 2,736Scope 1 Intensity: 2.09 tCO2e/$MAmerican Homes 4 RentYear: 2024Scope 1: 13,532 tCO2eRevenue: $M 1,729Scope 1 Intensity: 7.83 tCO2e/$MEssex Property TrustYear: 2024Scope 1: 28,969 tCO2eRevenue: $M 1,774Scope 1 Intensity: 16.33 tCO2e/$M

How does Essex Property Trust's GHG emissions intensity compare to its peers?

In 2024, Essex Property Trust reported a Scope 1 emissions intensity of 16.33 tCO₂e per millions USD. Compared to the peer group median of 3.08 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Essex Property Trust rank on GHG emissions intensity within its industry?

In 2024, Essex Property Trust ranked 23 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Essex Property Trust among the least efficient performers, with one of the highest emissions intensities in its sector. a

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