Agree Realty Corporation
Agree Realty Corporation, commonly referred to as Agree Realty, is a prominent real estate investment trust (REIT) headquartered in the United States. Founded in 1971, the company has established a strong presence in the retail real estate sector, focusing primarily on the acquisition, development, and management of high-quality retail properties across major operational regions in the US. Specialising in single-tenant net lease properties, Agree Realty distinguishes itself through its strategic partnerships with leading national retailers, ensuring a robust portfolio that delivers consistent returns. The company has achieved significant milestones, including a notable expansion of its property holdings and a commitment to sustainable practices. With a strong market position, Agree Realty continues to be recognised for its innovative approach and dedication to enhancing shareholder value in the competitive real estate landscape.
DitchCarbon Score
How does Agree Realty Corporation's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Real Estate Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Agree Realty Corporation's score of 33 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Agree Realty Corporation's reported carbon emissions
In 2023, Agree Realty Corporation reported total carbon emissions of approximately 396,000,000 kg CO2e, with emissions distributed across Scope 1, Scope 2, and Scope 3. Specifically, Scope 1 emissions were about 1,200,000 kg CO2e, and Scope 2 emissions also totalled around 1,200,000 kg CO2e. The majority of their emissions, approximately 394,000,000 kg CO2e, fell under Scope 3, which typically includes indirect emissions from the value chain. Comparatively, in 2022, the company recorded total emissions of about 336,000,000 kg CO2e, with Scope 1 and Scope 2 emissions each at approximately 1,400,000 kg CO2e, and Scope 3 emissions at around 335,000,000 kg CO2e. In 2021, the total emissions were about 262,000,000 kg CO2e, with Scope 1 and Scope 2 emissions each at approximately 1,600,000 kg CO2e, and Scope 3 emissions at around 260,000,000 kg CO2e. Despite these figures, Agree Realty Corporation has not disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented reduction targets suggests a need for further commitment to climate action within the industry context. The company’s emissions intensity has been reported, indicating a focus on measuring their carbon output relative to operational metrics, but no formal climate pledges or SBTi (Science Based Targets initiative) commitments have been established.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 1,600,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 1,600,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 260,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Agree Realty Corporation is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
