Carbon per million dollars of revenue. The legacy industry-standard reference (CDP, MSCI). Useful for cross-sector context, but distorted by margin — high-margin firms appear artificially efficient. Read alongside the operational and asset intensities for the full picture.

Above median

better than 50% of peers

best 46.9n=7 peersworst 2.4k

Operational intensity

Carbon / $m OpEx

354tCO2e / $m

OpEx (operating expenditure) is the running cost of the business — staff, services, energy, materials. This shows how carbon-intensive operations are per million dollars of spend. Removes the margin distortion that revenue-based ratios introduce.

Above median

better than 50% of peers

best 224n=5 peersworst 3.7k

Economic intensity

Carbon / $m EVIC

22.4tCO2e / $m

EVIC (Enterprise Value Including Cash) is the firm's total capital footprint — equity + debt + cash + minority interest. The EU's standard intensity measure (SFDR PAI 3) — answers: how much carbon does each million of capital deployed in this business produce?

Above median

better than 50% of peers

best 12.9n=5 peersworst 192

Asset intensity

Carbon / $m PP&E + leased

57.6tCO2e / $m

PP&E (Property, Plant & Equipment) plus leased real-estate assets is the firm's physical infrastructure on the balance sheet. This shows the carbon intensity of that physical footprint — uses Scope 1+2+3 for consistency with the other headline intensities. Surfaces stranded-asset risk for asset-heavy firms.

Top quartile

better than 75% of peers

best 57.6n=4 peersworst 11.4k

Asset intensity (full)

Carbon / $m PP&E + leased S3

—tCO2e / $m

Carbon per million dollars of physical infrastructure — PP&E plus leased real-estate, including upstream and downstream leased emissions (Scope 3 categories 8 + 13). The most complete view of physical-asset carbon intensity, relevant for REITs and infrastructure-heavy firms.

no peer comparison yet

Climate action evidence

3 records · 1 source

Carbon credits retired

12,000 tCO2e

3 retirements · FY2022–2023 · third-party verified

By credit quality

Nature-based removals1,800 tCO2e(15%)
Avoidance / reductions10,200 tCO2e(85%)

Retirement records(top 3 by volume of 3)

2023 Spray Foam Omega 2023 · acr7,800 tCO2e
2022 Cumberland County Solid Waste Complex: GHG Emissions Reduction Automated Collection of Landfill Gas · acr2,400 tCO2e
2022 Flathead Ridge Ranch Forest Carbon Project · acr1,800 tCO2e

Renewable electricity

93 %

Self-reported renewable electricity share, FY2024

Sources

· berkeley_voluntary_registry

Registry retirements are direct evidence; commitments are forward-looking pledges. EPA snapshot covers FY2019–FY2020.

Targets

Net zero

1 target

Scope	Base	Target	Reduction	Alignment	Progress	Status
Scope 1 + 2	—	2025	—	In corporate strategy	absolute-value target	—

Progress · absolute tCO2e

Scope 1 + 2 trajectory

ActualLinear1.5°C

No target available for this scope.

Scope 3 trajectory

ActualLinear1.5°C

No target available for this scope.

Latest news· last 5 of 22

full news log →

Carbon neutral Scope 1 and 2 by 2025 goal
Company advanced sustainability strategies during 2025, including its goal to be carbon neutral in Scope 1 and 2 emissions by 2025 by sourcing renewable energy and converting tower lighting to LED.
2025
Multiple CEO transitions in 2025
Three CEO transitions in 2025: Mr. Moskowitz departed March 23, 2025; Mr. Schlanger served as Interim CEO; Mr. Hillabrant appointed President & CEO effective September 15, 2025.
2025
Announced sale of small cells and fiber solutions businesses
On March 13, 2025, Crown Castle announced a definitive agreement to sell its small cells and fiber solutions businesses to EQT Active Core Infrastructure fund and Zayo Group Holdings. Transaction expected to close in first half of 2026. Will materially change energy consumption and emissions profile as company transitions to a towers-focused business model.
2025
Strategic Fiber Transaction - $8.5B sale of Fiber Business
In March 2025, the Company entered into an agreement to sell its small cells and fiber solutions businesses (Fiber Business) for $8.5 billion. EQT Active Core Infrastructure fund acquiring small cells, Zayo acquiring fiber solutions. Expected to close in first half of 2026. Will transform Crown Castle into a U.S.-focused, standalone tower REIT.
2025
Corrected HVAC electricity allocation in unoccupied tower shelters
The 2024 analysis identified that HVAC electricity use was incorrectly included for units located in unoccupied shelters in 2022 and 2023. This has been corrected in the 2024 calculation, resulting in lower reported Scope 2 emissions for tower asset class.
2024