- Difficulties obtaining complete utility data for a net lease REIT
- Failure to maintain building quality and install energy and water efficiency improvements during periods of vacancy can lead to higher tenant operating costs and therefore reduce tenant demand
- Reputational risk arising from failure to meet widely-accepted energy efficiency standards
Agree Realty Corporation
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Agree Realty Corporation disclosed greenhouse gas emissions of 394 thousand metric tons CO2e. By scope: Scope 1: 271 mtCO2e; Scope 2: 1.3K mtCO2e; Scope 3: 394 thousand metric tons CO2e. 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
394 thousand metric tons CO2e
2023
Waste
approximately 113,625 pounds
2023
Energy Use
approximately 2 million 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). | 271 mtCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 1.3K mtCO2e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 394 thousand metric tons CO2e |
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 | 394 thousand metric tons CO2e |
| 2022 | 335.0K tCO2e (Scope 3 estimated) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Measured or estimated Scope 1, Scope 2 and Scope 3 greenhouse gas emissions for our portfolio
- Executed numerous green leases, achieving Gold level recognition from Green Lease Leaders for the second consecutive year
- Moved into our soon-to-be LEED certified office on Woodward Avenue, in Royal Oak, Michigan
🌱 ESG Focus Areas
GovernanceEnvironmentalSocial