Tanger Inc

Common Name
Tanger
Country
United States
Sector
Real Estate
Industry
REIT - Retail
Employees
372
Ticker
SKT
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Tanger Factory Outlet Centers, Inc. is a real estate investment trust (REIT) that specializes in the development, ownership, and operation of upscale outlet shopping centers. Emphasizing quality retai...

Tanger's GHG Emissions Data Preview

In 2024, Tanger 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).

Tanger has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

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

a. Tanger's Impact Report 2024
a. Tanger's Impact Report 2024
b. Tanger's ESG Report 2023
b. Tanger's ESG Report 2023

Insights into Tanger's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Tanger amounted to 13,443 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 Tanger increased by 22.44%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Tanger's Scope 1 Emissions Over Time

201920222023202409001.8 k2.7 k3.6 ktCO2e0%+233%+16%
  • Total Scope 1
  • Year-over-Year Change

What are Tanger's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Tanger were 3,572 metric tons of CO₂ equivalent (tCO₂e). a

Has Tanger reduced its Scope 1 emissions over time?

Since 2019, Tanger's Scope 1 emissions have increased by 286.58%, reflecting a rising long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2023), Tanger's Scope 1 emissions increased by 15.64%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Tanger's Scope 2 emissions?

In 2024, Tanger reported Scope 2 greenhouse gas (GHG) emissions of 7,288 tCO₂e using the market-based method and 9,871 tCO₂e using the location-based method. a

What methodology does Tanger use for Scope 2 reporting?

In 2024, Tanger reported its Scope 2 emissions using the market-based method and using the location-based method. a

Tanger's Scope 2 Emissions Over Time

201920222023202403 k6 k9 k12 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Tanger's Value Chain Emissions

In 2024, Tanger reported 33,338 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 Tanger includes a breakdown across 7 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

Tanger's Scope 3 Emissions Over Time

2023202408.5 k17 k25.5 k34 ktCO2e+11%
  • Total Scope 3
  • Year-over-Year Change

What are Tanger's Scope 3 emissions?

In 2024, Tanger reported total Scope 3 emissions of 33,338 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 64.7% of these emissions originated from upstream activities such as purchased goods and capital goods, while 35.3% came from downstream activities like product use, distribution, and end-of-life treatment. a

Compared to the previous year (2023), Tanger's Scope 3 emissions increased by 11.04%, suggesting that the company faced challenges in reducing emissions across its value chain. a

What categories of Scope 3 emissions does Tanger disclose?

In 2024, Tanger reported emissions for 7 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.

What are the main sources of Tanger's Scope 3 emissions?

In 2024, the largest contributors to Tanger's Scope 3 emissions were: a

  • Downstream Leased Assets (Cat. 13): 11,767 tCO₂e (35.3%)
  • Purchased Goods and Services (Cat. 1): 9,892 tCO₂e (29.67%)
  • Waste Generated in Operations (Cat. 5): 9,679 tCO₂e (29.03%)

Tanger's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(29.7%)Downstream LeasedAssets (Cat. 13)(35.3%)Waste Generated inOperations (Cat. 5)(29.0%)

Insights into Tanger’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Tanger reported Scope 1 greenhouse gas (GHG) emissions of 3,572 tCO₂e and total revenues of USD 526 millions. This translates into an emissions intensity of 6.79 tCO₂e per millions USD. a

Tanger's Scope 1 Emissions Intensity Compared to Peers

51005,000200,00010,000,000Scope 1 Emissions (tCO2e)1002001,0005,00010,000Revenues (Millions of USD)VNNN REITYear: 2024Scope 1: 108 tCO2eRevenue: $M 869Scope 1 Intensity: 0.12 tCO2e/$MRegency CentersYear: 2024Scope 1: 3,179 tCO2eRevenue: $M 1,454Scope 1 Intensity: 2.19 tCO2e/$MChatham Lodging TrustYear: 2023Scope 1: 6,208 tCO2eRevenue: $M 311Scope 1 Intensity: 19.96 tCO2e/$MRMR GroupYear: 2023Scope 1: 2,394,468 tCO2eRevenue: $M 962Scope 1 Intensity: 2,488.23 tCO2e/$MTerreno RealtyYear: 2022Scope 1: 5 tCO2eRevenue: $M 276Scope 1 Intensity: 0.02 tCO2e/$MCOPT Defense PropertiesYear: 2024Scope 1: 10,504 tCO2eRevenue: $M 753Scope 1 Intensity: 13.94 tCO2e/$MPhillips Edison & CoYear: 2023Scope 1: 9,500 tCO2eRevenue: $M 610Scope 1 Intensity: 15.57 tCO2e/$MRealty IncomeYear: 2023Scope 1: 55 tCO2eRevenue: $M 4,074Scope 1 Intensity: 0.01 tCO2e/$MVVVeris ResidentialYear: 2024Scope 1: 5,397 tCO2eRevenue: $M 271Scope 1 Intensity: 19.91 tCO2e/$MBroadstone Net LeaseYear: 2024Scope 1: 361 tCO2eRevenue: $M 432Scope 1 Intensity: 0.84 tCO2e/$MJBG SMITH PropertiesYear: 2023Scope 1: 9,462 tCO2eRevenue: $M 604Scope 1 Intensity: 15.66 tCO2e/$MKimco RealtyYear: 2024Scope 1: 4,165 tCO2eRevenue: $M 2,037Scope 1 Intensity: 2.04 tCO2e/$MLXP Industrial TrustYear: 2024Scope 1: 235 tCO2eRevenue: $M 358Scope 1 Intensity: 0.66 tCO2e/$MAcadia Realty TrustYear: 2024Scope 1: 1,976 tCO2eRevenue: $M 360Scope 1 Intensity: 5.49 tCO2e/$MAgree RealtyYear: 2023Scope 1: 271 tCO2eRevenue: $M 537Scope 1 Intensity: 0.50 tCO2e/$MSimon Property GroupYear: 2023Scope 1: 22,241 tCO2eRevenue: $M 5,659Scope 1 Intensity: 3.93 tCO2e/$MMacerichYear: 2024Scope 1: 30,779 tCO2eRevenue: $M 918Scope 1 Intensity: 33.52 tCO2e/$MUrban Edge PropertiesYear: 2024Scope 1: 596 tCO2eRevenue: $M 445Scope 1 Intensity: 1.34 tCO2e/$MBrixmor Property GroupYear: 2023Scope 1: 3,414 tCO2eRevenue: $M 1,245Scope 1 Intensity: 2.74 tCO2e/$MFederal RealtyYear: 2024Scope 1: 3,186 tCO2eRevenue: $M 1,202Scope 1 Intensity: 2.65 tCO2e/$MStarwood Property TrustYear: 2022Scope 1: 6,823 tCO2eRevenue: $M 1,450Scope 1 Intensity: 4.71 tCO2e/$MKite Realty Group TrustYear: 2024Scope 1: 2,617 tCO2eRevenue: $M 842Scope 1 Intensity: 3.11 tCO2e/$MTangerYear: 2024Scope 1: 3,572 tCO2eRevenue: $M 526Scope 1 Intensity: 6.79 tCO2e/$M

How does Tanger's GHG emissions intensity compare to its peers?

In 2024, Tanger reported a Scope 1 emissions intensity of 6.79 tCO₂e per millions USD. Compared to the peer group median of 2.93 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Tanger rank on GHG emissions intensity within its industry?

In 2024, Tanger ranked 16 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Tanger is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into Tanger's Total Carbon Footprint

In 2024, Tanger reported a total carbon footprint of 46,781 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 14.09% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Tanger's total carbon footprint was Scope 3 emissions, accounting for 71.26% of the company's total carbon footprint, followed by Scope 2 emissions at 21.1%. a

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