In 2024, Federal Realty 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).
Federal Realty has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 3,186a | 3,697a | 4,443a | |
Total Scope 2 | ||||
Market-Based | 11,586a | 11,956a | 12,629a | |
Location-Based | 21,742a | 22,278a | 23,991a | |
Total Scope 3 | 207,675a | 187,007b | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 2.6496a | 3.2655a | 4.1354a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Federal Realty amounted to 24,928 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 Federal Realty decreased by 4.03%, 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 Federal Realty were 3,186 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Federal Realty's Scope 1 emissions have increased by 4.49%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Federal Realty's Scope 1 emissions decreased by 13.82%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Federal Realty reported Scope 2 greenhouse gas (GHG) emissions of 11,586 tCO₂e using the market-based method and 21,742 tCO₂e using the location-based method.a
Since 2019, Federal Realty's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have remained relatively stable, indicating that Federal Realty's emissions have plateaued with no significant change in its energy consumption footprint.a
Compared to the previous year (2023), Federal Realty's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Federal Realty's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Federal Realty reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Federal Realty reported 207,675 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 Federal Realty includes a breakdown across 5 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, Federal Realty reported total Scope 3 emissions of 207,675 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 11.22% of these emissions originated from upstream activities such as purchased goods and capital goods, while 88.78% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Federal Realty's Scope 3 emissions increased by 11.05%, suggesting that the company faced challenges in reducing emissions across its value chain.ab
In 2024, Federal Realty reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to Federal Realty's Scope 3 emissions were:a
In 2024, Federal Realty reported Scope 1 greenhouse gas (GHG) emissions of 3,186 tCO₂e and total revenues of USD 1,202 millions. This translates into an emissions intensity of 2.65 tCO₂e per millions USD.a
In 2024, Federal Realty reported a Scope 1 emissions intensity of 2.65 tCO₂e per millions USD. Compared to the peer group median of 5.07, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Federal Realty ranked 7 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Federal Realty is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Federal Realty reported a total carbon footprint of 232,603 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 9.21% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to Federal Realty's total carbon footprint was Scope 3 emissions, accounting for 89.28% of the company's total carbon footprint, followed by Scope 2 emissions at 9.35%.a