- Climate-related risks (flood, precipitation, wildfire, wind, heat, drought)
- Asset stranding risk due to emissions profile and local regulations
- Emerging regulatory requirements (BEPS, climate disclosure)
- Rising trash and recycling costs
- Limited ability to directly influence resident utility consumption
AvalonBay Communities, Inc.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, AvalonBay Communities, Inc. disclosed greenhouse gas emissions of 38.7K MTCO2e (Market Based). By scope: Scope 1: 15.4K MTCO2e; Scope 2: 23.3K MTCO2e (Market Based); Scope 3: 411.3K MTCO2e. 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
38.7K MTCO2e (Market Based)
2023
Renewable Energy
36% (includes all solar and Green-e RECs)
of total energy
Water Usage
3.3M Kgal
2023
Waste
81.1K MT
2023
Energy Use
247.0M 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). | 15.4K MTCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 23.3K MTCO2e (Market Based) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 411.3K MTCO2e |
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 | 38.7K MTCO2e (Market Based) |
| 2022 | 41.6K tCO2e/year (Scope 1 & 2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 46% reduction in scope 1 & 2 GHG emissions since 2017 baseline
- 20% reduction in scope 3 GHG emissions since 2017 baseline
- 22% decrease in landfill-bound waste since 2017 baseline
- Increased green electricity procurement to cover 85% of procurable common area electric load
- Activated nine new solar PV systems representing 1.53 MW of clean electricity capacity
🎯 Climate & Sustainability Targets
🔜 Short-term
- 10% reduction in whole building water-use-intensity in water-stressed areas by 2027
- Pilot water reclamation/reuse systems in one new development community by 2025
- Implement water management plans in 50% of offices/communities in water-stressed regions by 2025
- Maintain a waste diversion rate of 20% across the portfolio
📅 Medium-term
- Achieve 10% reduction in whole building water-use-intensity in non-water-stressed areas by 2029
- Increase women in leadership to 41% by 2025
- Increase underrepresented minorities in leadership to 20% by 2025 and 25% by 2030
- Achieve 53% reduction in scope 1 & 2 GHG emissions by 2030
- Achieve 47% reduction in scope 3 GHG emissions by 2030
🔭 Long-term
- Net-zero emissions
🌱 ESG Focus Areas
Climate ChangeEnergy EfficiencyWater ConservationWaste ReductionInclusion & DiversityCommunity InvestmentAssociate Well-beingCorporate GovernanceResponsible Business PracticesHealth and Safety