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) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 3,572a | 3,089a | 927b | |
Total Scope 2 | ||||
Market-Based | 7,288a | 7,890a | N/A | |
Location-Based | 9,871a | N/A | N/A | |
Unspecified Calculation Method | N/A | N/A | 8,446b | |
Total Scope 3 | 33,338a | 30,024a | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 6.7901a | 6.6515a | 2.0944b |
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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
In 2024, the total Scope 1 emissions of Tanger were 3,572 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Tanger's Scope 1 emissions have increased by 286.58%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
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
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
In 2024, Tanger reported its Scope 2 emissions using the market-based method and using the location-based method.a
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
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
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.
In 2024, the largest contributors to Tanger's Scope 3 emissions were:a
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
In 2024, Tanger reported a Scope 1 emissions intensity of 6.79 tCO₂e per millions USD. Compared to the peer group median of 2.66, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Tanger ranked 18 out of 23 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
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