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) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 28,969a | 31,871a | 31,616a | |
Total Scope 2 | ||||
Market-Based | 9,389a | 11,492a | 12,180a | |
Location-Based | N/A | 18,640b | N/A | |
Total Scope 3 | N/A | N/A | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 16.3256a | 19.0913a | 19.6762a |
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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.ab
In 2024, the total Scope 1 emissions of Essex Property Trust were 28,969 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Essex Property Trust's Scope 1 emissions have decreased by 19.76%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
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
In 2024, Essex Property Trust reported Scope 2 greenhouse gas (GHG) emissions of 9,389 tCO₂e using the market-based method.a
Since 2019, Essex Property Trust's Scope 2 greenhouse gas (GHG) emissions (Market-Based) have decreased by 50.31%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
In 2024, Essex Property Trust reported its Scope 2 emissions using the market-based method.a
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
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 4.37, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Essex Property Trust ranked 19 out of 22 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