AvalonBay Communities

AvalonBay Communities reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 50 Kt (-19 /-27.6% y-o-y). Also positively, carbon intensity plunged to 22 t (-8.2 /-27.4% y-o-y).

AvalonBay Communities's Scope 3 emissions plummeted to 4.3 Kt (-0.94 /-17.9% y-o-y). The decline accelerated compared to the CAGR of -4.6% since 4Q'13.

The company has not set a company-wide target for an absolute reduction in GHG emissions yet.

AvalonBay Communities also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Real estate investment trust AvalonBay commits to reduce scope 1 and 2 GHG emissions 53% per square foot by 2030 from a 2017 base year. AvalonBay also commits to reduce scope 3 emissions 47% per square foot within the same timeframe.