- Limited availability of cost-effective, low-carbon construction materials with product-specific EPDs.
- Potential physical risks associated with climate change (severe weather, flooding, wildfires).
- Climate-related transition risks (regulatory changes, market shifts).
Alexandria Real Estate Equities, Inc.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Alexandria Real Estate Equities, Inc. disclosed greenhouse gas emissions of 345.1K tCO2e (Market Based). By scope: Scope 1: 104.0K tCO2e; Scope 2: 340.8K tCO2e (Market Based); Scope 3: 105.9K tCO2e (Downstream Leased Assets). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
345.1K tCO2e (Market Based)
2023
Renewable Energy
45% (Greater Boston, San Francisco Bay Area, and San Diego in 2023)
of total energy
Water Usage
742.0M Gallons
2023
Waste
15.7K tons
2023
Energy Use
1.8B kWh
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 104.0K tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 340.8K tCO2e (Market Based) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 105.9K tCO2e (Downstream Leased Assets) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 345.1K tCO2e (Market Based) |
| 2020 | 230.5K MTCO2e |
| 2019 | 208.1K MTCO2e |
| 2018 | 204.5K MTCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced operational emissions per RSF (emissions intensity) by 17% from 2021 to 2023.
- Outperformed a science-based emissions reduction pathway in 2021, 2022, and 2023.
- Completed a large-scale solar farm supplying 100% of Greater Boston region's electricity load for Alexandria-paid accounts.
- Achieved a 33% reduction in embodied carbon intensity at 751 Gateway Boulevard through procurement of low-carbon materials.
- 94 LEED projects certified or in progress, representing 50% of annual rental revenue.
- Achieved BOMA 360 certifications for 11 operating assets.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce operational GHG emissions intensity 30% by 2030 from a 2022 baseline.
🌱 ESG Focus Areas
Climate ChangeBiodiversity and Natural HabitatsResponsible Management of Waste and WaterSustainable and Green Building Design and OperationsHealth, Safety, and Well-beingDiversity, Inclusion, and Equal OpportunityTalent Attraction, Retention, and Employee DevelopmentLabor Practices and Human RightsTenant Satisfaction and EngagementCommunity Engagement and PhilanthropyLeadership in Corporate ResponsibilitySustainable Procurement and Supply ChainCybersecurity and IT Risk