GlobalData offers a comprehensive analysis of Realty Income, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Realty Income‘s ESG performance. GlobalData’s company profile on Realty Income offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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Realty Income, a real estate investment trust, is focused to reduce its carbon impact and build a sustainable portfolio by making green building improvements in partnership with its clients. Scope 1 emissions refer to direct emissions from owned or controlled sources, scope 2 emissions refer to indirect emissions from the generation of purchased electricity, heat, or steam, and scope 3 emissions refer to indirect emissions from sources not owned or controlled by the company. In 2022, the company's Direct Scope 1 emissions reported was 16 mt CO2e, Indirect Scope 2 emissions (location-based) was 335 mt CO2e, and Scope 3 (actual) emissions reported was 784 mt CO2e.
In terms of carbon emissions trends, the excerpts provide data on total GHG emissions, square footage, and emissions intensity for the years 2020, 2021, and 2022. The data shows an increase in total GHG emissions from 35,895 metric tons of CO2e in 2020 to 254,597 metric tons of CO2e in 2021. However, the actual emissions for 2022 are significantly reduced to 784,061 metric tons of CO2e. The square footage coverage also increased over the years, with the actual coverage reaching 83,860,112 square feet in 2022.
The company uses various sources and standards to report its emissions, including the U.S. EPA's Emissions Factors for Greenhouse Gas Inventories and the WRI's Corporate Value Chain Accounting and Reporting Standard. The company has also launched a program to offer energy-efficient products to its clients, such as LED lighting, efficient HVAC systems, solar, and EV charging.
In conclusion, Realty Income has taken steps to reduce its emissions by offering energy-efficient products to its clients. The company practices robust ESG data and monitoring systems to recognize its environmental performance, identify and launch new initiatives, and reduce its greenhouse gas emissions. The company is committed to expand the number of green-certified buildings in its portfolio indicating progress towards achieving its emission reduction goals.
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