In 2024, Kimco 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).
Kimco Realty has also provided a category-level breakdown for 3 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 | 4,165a | 3,335a | 4,529a | |
Total Scope 2 | ||||
Market-Based | 39,457a | 42,475a | 44,102a | |
Location-Based | 37,132a | 39,860a | 43,175a | |
Total Scope 3 | 388,180a | 295,957a | 272,643a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 2.0447a | 1.87a | 2.6214a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Kimco Realty amounted to 41,297 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 Kimco Realty decreased by 4.39%, 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 Kimco Realty were 4,165 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Kimco Realty's Scope 1 emissions have increased by 34.62%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Kimco Realty's Scope 1 emissions increased by 24.89%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Kimco Realty reported Scope 2 greenhouse gas (GHG) emissions of 39,457 tCO₂e using the market-based method and 37,132 tCO₂e using the location-based method.a
Since 2019, Kimco Realty's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 24.06%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Kimco Realty's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Kimco Realty's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Kimco Realty reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Kimco Realty reported 388,180 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 Kimco Realty includes a breakdown across 3 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, Kimco Realty reported total Scope 3 emissions of 388,180 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 44.48% of these emissions originated from upstream activities such as purchased goods and capital goods, while 55.52% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Kimco Realty's Scope 3 emissions have increased by 87.43%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Kimco Realty's Scope 3 emissions increased by 31.16%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Kimco Realty reported emissions for 3 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.
In 2024, the largest contributors to Kimco Realty's Scope 3 emissions were:a
In 2024, Kimco Realty reported Scope 1 greenhouse gas (GHG) emissions of 4,165 tCO₂e and total revenues of USD 2,037 millions. This translates into an emissions intensity of 2.04 tCO₂e per millions USD.a
In 2024, Kimco Realty reported a Scope 1 emissions intensity of 2.04 tCO₂e per millions USD. Compared to the peer group median of 3.88, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Kimco Realty ranked 5 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Kimco Realty among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2024, Kimco Realty reported a total carbon footprint of 429,477 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 26.63% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Kimco Realty's total carbon footprint was Scope 3 emissions, accounting for 90.38% of the company's total carbon footprint, followed by Scope 2 emissions at 8.65%.a