In 2024, NNN REIT 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).
NNN REIT has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 |
|---|---|---|
Total Scope 1 | 107.7a | 2,704.3b |
Total Scope 2 | ||
Location-Based | 2,786.35a | 7,142.2b |
Total Scope 3 | 240,184.24a | 344,219.63b |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.1239a | 3.2656b |
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In 2024, the total operational greenhouse gas (GHG) emissions of NNN REIT amounted to 2,894.05 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 NNN REIT decreased by 70.61%, 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 NNN REIT were 107.7 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2023), NNN REIT's Scope 1 emissions decreased by 96.02%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.ab
In 2024, NNN REIT reported Scope 2 greenhouse gas (GHG) emissions of 2,786.35 tCO₂e using the location-based method.a
Compared to the previous year (2023), NNN REIT's Scope 2 emissions (Location-Based) fell by 60.99% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.ab
In 2024, NNN REIT reported its Scope 2 emissions using the location-based method.a
In 2024, NNN REIT reported 240,184.24 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 NNN REIT includes a breakdown across 1 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, NNN REIT reported total Scope 3 emissions of 240,184.24 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 0% of these emissions originated from upstream activities such as purchased goods and capital goods, while 100% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), NNN REIT's Scope 3 emissions decreased by 30.22%, highlighting the company's efforts to lower indirect emissions from its value chain.ab
In 2024, NNN REIT reported emissions for 1 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 NNN REIT's Scope 3 emissions were:a
In 2024, NNN REIT reported Scope 1 greenhouse gas (GHG) emissions of 107.7 tCO₂e and total revenues of USD 869 millions. This translates into an emissions intensity of 0.12 tCO₂e per millions USD.a
In 2024, NNN REIT reported a Scope 1 emissions intensity of 0.12 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, NNN REIT ranked 2 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places NNN REIT among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2024, NNN REIT reported a total carbon footprint of 243,078.29 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 31.35% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to NNN REIT's total carbon footprint was Scope 3 emissions, accounting for 98.81% of the company's total carbon footprint, followed by Scope 2 emissions at 1.15%.a