- Reliance on gas for domestic hot water in California
- Cost of electricity higher than gas in many operating markets
- Lack of affordable housing
- Climate change physical and transition risks
Essex Property Trust, Inc.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Essex Property Trust, Inc. disclosed greenhouse gas emissions of 43.4K mTCO2e. By scope: Scope 1: 31.9K tCO2e; Scope 2: 11.5K tCO2e. 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
43.4K mTCO2e
2023
Renewable Energy
50%
of total energy
Water Usage
3.0M kgal
2023
Waste
85.0K tons
2023
Energy Use
264.7K MWh
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). | 31.9K tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 11.5K tCO2e |
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 | 43.4K mTCO2e |
| 2022 | 45.1K MTCO2e |
| 2021 | 45.8K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 24.2% decrease in Scope 1 and 2 GHG emissions from 2018 baseline
- 298% increase in PV solar generation from 2018 baseline
- 47% waste diversion rate in 2023
- Reduced like-for-like electric usage by 11% since 2018
- Reduced grid power purchase by 5% since 2022
- Source 50% of power from on- and off-site renewables
🎯 Climate & Sustainability Targets
🔜 Short-term
- Increase number of associates who use annual VTO hours by 100% between 2022 and 2025
- Increase associate engagement in wellness programs to 75% by 2025
📅 Medium-term
- Reduce operational controlled like-for-like energy usage by 20% from 2018 baseline by 2030
- Reduce Scope 1 and Scope 2 GHG Emissions by 35% from 2018 baseline by 2030
- Reduce whole building like-for-like water usage by 10% from 2021 baseline by 2030
- Divert 50% of waste by 2030
🔭 Long-term
- Donate $3 million to charitable causes between 2021 and 2030
🌱 ESG Focus Areas
Energy EfficiencyWater EfficiencyCompliance with Laws and Regulations