Federal Realty Investment Trust
Carbon footprint
Primary Climate Goal
Federal Realty Investment Trust aims to reduce Scope 1 + 2 by 30% by 2025 from a base year 2019
GHG emissions and Carbon intensity
Federal Realty Investment Trust reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 15 Kt (-2 /-11.7% y-o-y). At the same time, carbon intensity was up at 20 t (+0.6/+3.1% y-o-y).
Federal Realty Investment Trust reported Scope 3 emissions for the the twelve months ending31 December 2021 at 180
The company is committed to reducing Scope 1 + 2 by 30% by 2025 from a base year 2019, which translates into the estimated reduction of -0.5 Kt per annum over the period of FY2022 - FY2025. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
Federal Realty Investment Trust also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. This target was approved using a streamlined target validation route exclusive to small and medium-sized enterprises (SMEs). https://sciencebasedtargets.org/faqs-for-smes/ Federal Realty Investment Trust commits to reduce scope 1 and scope 2 GHG emissions 46% by 2030 from a 2019 base year, and to measure and reduce its scope 3 emissions.