Equity Residential
Equity Residential, a leading player in the real estate investment trust (REIT) sector, is headquartered in the United States. Founded in 1969, the company has established a strong presence in major urban markets across the country, focusing on the acquisition, development, and management of high-quality apartment communities. With a portfolio that spans over 300 properties, Equity Residential is renowned for its commitment to providing exceptional living experiences through innovative design and superior customer service. The company’s strategic emphasis on urban locations positions it favourably within the competitive multifamily housing market. Notable achievements include a consistent ranking among the top REITs in the industry, reflecting its robust operational performance and dedication to sustainability. Equity Residential continues to set the standard for excellence in residential living, making it a trusted choice for renters nationwide.
DitchCarbon Score
How does Equity Residential'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
Equity Residential's score of 56 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Equity Residential's reported carbon emissions
In 2023, Equity Residential reported total carbon emissions of approximately 262,519,000 kg CO2e. This figure includes Scope 1 emissions of about 62,911,000 kg CO2e, Scope 2 emissions of approximately 46,120,000 kg CO2e, and significant Scope 3 emissions, with downstream leased assets contributing about 137,391,000 kg CO2e and waste generated in operations adding around 16,097,000 kg CO2e. Comparatively, in 2022, the company’s total emissions were about 280,709,000 kg CO2e, indicating a reduction in emissions year-on-year. The reduction in total emissions from 2022 to 2023 reflects a commitment to sustainability and climate action. Equity Residential has set ambitious targets to further reduce its greenhouse gas emissions. The company aims to achieve a 30% reduction in absolute Scope 1, 2, and 3 emissions by 2030, using 2018 as the base year. This target encompasses emissions from waste generated in operations and downstream leased assets, aligning with the Science Based Targets initiative (SBTi) standards, which classify these targets as consistent with keeping global warming well below 2°C. The company previously committed to a 25% reduction in Scope 1 and 2 emissions from 2011 levels by 2021, demonstrating a proactive approach to managing its carbon footprint. Overall, Equity Residential's ongoing efforts and established targets reflect a strong commitment to addressing climate change and reducing its environmental impact.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 77,206,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 50,623,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 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.
Equity Residential is participating in some 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.
