AvalonBay Communities — full event log
Every event we have on file across every reporting year. The Data-by-year tab summarises the top 10 per year; this page shows them all.
← back to Data by year2025· 1 event
In February 2025, announced planned acquisition of eight communities in Texas (2 in Austin, 6 in Dallas-Fort Worth) for ~$620M. Expected to increase Expansion Region allocation from 10% to 12%.
sustainability_report p.5
2024· 23 events
Credit Facility contains a sustainability-linked pricing component providing for interest rate margin and commitment fee reductions or increases by meeting targets related to greenhouse gas emission reductions. In July 2024, Company maintained reductions of ~0.02% to interest rate margin due to achievement of sustainability targets.
sustainability_report p.59
AvalonBay adopted new 1.5°C-aligned emissions reduction targets, raising the bar from its original goal to be more ambitious about reducing environmental impact.
sustainability_report p.2
Enhanced climate risk disclosures for greater transparency, incorporating TCFD recommendations and California regulatory requirements.
sustainability_report p.2
Company reports Scope 1 & 2 emissions intensity improved 7.7% year-over-year and 55% from baseline year 2017, attributed to increased solar installations (69 installations, >10 MW capacity) and energy efficiency initiatives.
sustainability_report p.1
Company acquired 6 communities containing 1,441 apartment homes for an aggregate purchase price of $460.1M during 2024, primarily in Texas, North Carolina, Colorado, and California expansion regions.
sustainability_report p.63
Company disposed of 8 wholly-owned communities containing 1,532 apartment homes for $726.2M, generating $363.3M gain on sale. Used proceeds to redeploy into Suburban/Expansion Region acquisitions and developments.
sustainability_report p.50
AvalonBay earned recognition through Forbes' inaugural Net Zero Leaders Top 100 list, ranking fifth out of nine real estate companies included, while maintaining MSCI 'A' rating and ISS 'Prime' rating.
sustainability_report p.6
In January 2025, sold Avalon Wilton on River Road for $65.1M, marking Company's exit from the Connecticut market. Combined with 2024 sales of Darien and New Canaan communities.
sustainability_report p.50
Used Life Cycle Assessments on new developments to choose construction materials with lower embodied carbon footprints.
sustainability_report p.2
Enhanced climate risk disclosures incorporating Task Force on Climate-related Financial Disclosures (TCFD) and California regulatory requirements.
sustainability_report p.2
Expanded solar program to 69 installations representing over 10 MW of capacity and activated first resident solar project, the first of fifteen planned projects.
sustainability_report p.2
Completed a portfolio-scale decarbonization assessment to identify meaningful energy retrofit projects and prioritize sustainability capex investments.
sustainability_report p.2
Enhanced climate risk disclosures for greater transparency, incorporating TCFD and California regulatory requirements. Integrated climate considerations into Asset Strategy Reviews.
sustainability_report p.2
Enhanced climate risk disclosures for greater transparency, incorporating TCFD and California regulatory requirements.
sustainability_report p.2
Integrated climate considerations directly into Asset Strategy Reviews — embedding sustainability into business decision-making.
sustainability_report p.2
Enhanced climate risk disclosures for greater transparency, incorporating Task Force on Climate-related Financial Disclosures (TCFD) and California regulatory requirements.
sustainability_report p.2
Expanded solar program to 69 installations representing over 10 MW of capacity and activated first resident solar project, the first of fifteen planned projects providing renewable electricity to residents.
sustainability_report p.2
Scope 1 & 2 emissions intensity improved 7.7% year-over-year and 55% from baseline 2017, attributed to increased solar installations and energy efficiency initiatives.
sustainability_report p.1
AvalonBay expanded its on-site solar program to 69 installations representing over 10 MW of capacity. In 2024 it activated its first resident solar project — the first of fifteen planned projects that will provide renewable electricity directly to residents. Solar deployment is cited as a key driver of the 7.7% YoY and 55%-since-2017 reduction in Scope 1 & 2 emissions intensity.
sustainability_report p.2
AvalonBay completed a portfolio-scale decarbonization assessment to identify meaningful energy retrofit projects and prioritize sustainability capex investments across its apartment communities.
sustainability_report p.2
The company uses Life Cycle Assessments on new developments to choose construction materials with lower embodied carbon footprints, integrating embodied-carbon considerations into design decisions for new apartment communities.
sustainability_report p.2
AvalonBay educates residents on disaster preparedness and ways to reduce utility consumption, helping them save money while reducing environmental impact — addressing tenant-controlled energy use, a key dependent lever for REITs.
sustainability_report p.2
Climate considerations are integrated directly into Asset Strategy Reviews, embedding sustainability into core capital-allocation and asset-management decision-making rather than treating it as a separate workstream.
sustainability_report p.2
2023· 6 events
In 2023, AvalonBay adopted a new policy requiring all new developments to conduct LCAs (A1-A3 stages) covering structure, enclosure, and drywall. Established 2017 retrospective LCA baseline. Replaces traditional cost-based tracking methods, improving accuracy.
sustainability_report p.27
Scope 3 Cat 3 emissions jumped from 999 tCO2e in 2022 to 17,768 tCO2e in 2023, suggesting expanded methodology coverage for fuel/energy related activities.
sustainability_report p.70
In 2023, AvalonBay expanded its scope of limited assurance from LRQA Inc. to include scope 3 energy and GHG emissions from downstream leased assets (residents' emissions, the company's largest emissions category). Improves transparency of largest emissions source.
sustainability_report p.4
In 2023, AvalonBay moved scope 2 calculations from using electric grid specific emissions factors to electric supplier specific emissions factors where available, providing a more representative view of emissions from electricity use.
sustainability_report p.20
In 2023, AvalonBay assessed the viability of upgrading science-based targets from 2°C alignment to 1.5°C alignment and submitted an upgrade application to SBTi in early 2024, anticipating expiration of approved targets in 2025. Tightens reduction ambition.
sustainability_report p.20
After exceeding the 2023 waste goal (22% reduction vs 20% target), AvalonBay implemented a new waste goal starting 2024 to maintain a waste diversion rate of 20% across the operating portfolio.
sustainability_report p.31
2022· 12 events
Limited assurance to ISO 14064-3 covering 100% of Scope 1, 100% of Scope 2 (market-based), and 10% of Scope 3 (waste, business travel, employee commuting).
sustainability_report p.61
Sunsetted prior 2020 whole building consumption-based water goal. New suite of water goals introduced including 10% reduction in whole building water-use-intensity in water stress and non-water stress areas by 2027 and 2029 respectively (from 2021 baseline). Goal changed from common area specific to whole building based on greater data accuracy.
sustainability_report p.17
Per SBTi mandates, AvalonBay will be required to restate both SBTs in 2025 to align with 1.5°C (currently aligned to 2°C). Before restatement, the company will reevaluate scope, boundaries and baseline of current targets.
sustainability_report p.12
Scope 3 emissions increased by 9.5% in 2022, primarily attributable to increased development activity compared to 2021. Smaller portion related to resident emissions from greater WFH residents relative to 2017 baseline.
sustainability_report p.12
LRQA independently verified 2022 energy, GHG emissions, water and community waste data, and conducted full review of ESG Report. Aligned with ISO14064-3 and ISAE3000 standards.
sustainability_report p.2
AvalonBay finalizing policy requiring all new developments to conduct life cycle assessments to better understand embodied carbon impact. Retrospectively completing LCAs for buildings developed in 2017 (SBT baseline year) to benchmark portfolio.
sustainability_report p.16
On September 27, 2022, AvalonBay entered into a $2,250,000,000 Sixth Amended and Restated Revolving Loan Agreement with sustainability-linked pricing component tied to scope 1 & 2 GHG emissions reduction.
sustainability_report p.20
In 2022 completed 13 new solar PV installations adding 2.25 MW, bringing total to 51 operating solar systems with 6.97 MW. Estimated annual savings of 2,065 tCO2e.
sustainability_report p.32
In 2022 AvalonBay shifted 95% of procurable common-area electric load to Green-e certified wind energy via retail green electricity contracts (91,359 MWh of US-RECs).
sustainability_report p.58
Current transition plan/decarbonization plan centered around two SBTi-approved targets aligned to 2°C. Company evaluating implications of transitioning targets from 2°C to 1.5°C in 2023.
sustainability_report p.19
In 2022 the climate-risk portfolio analysis was updated to include 3 additional risk factors (FEMA NRI, Tsunami, Wildfire), bringing total to 14 climate risks evaluated across 275+ properties.
sustainability_report p.12
In 2022, expanded climate risk assessment to add 3 additional indicators: FEMA NRI, Tsunami, and Wildfire, broadening from the 11-indicator analysis done in 2020.
sustainability_report p.9
2021· 9 events
In 2021, AvalonBay issued inaugural green bond offerings: first for $700M and second for $400M, combined $1.1B, governed by Green Bond Framework aligned with Green Bond Principles.
sustainability_report p.12
SBT Baseline has been revised from prior submissions to reflect more accurate data and adjustment of the scope in which we included vacant space data, creating a more accurate comparison to data in each measurement window.
sustainability_report p.7
Made two pandemic-related enhancements to better calculate average commute distance, taking into account a mixture of associates working in offices and from home.
sustainability_report p.33
In 2021, AvalonBay shifted 91% of its procurable common area electric load to green-e certified renewable wind energy (55,218.64 MWh), driving significant Scope 2 market-based reductions.
sustainability_report p.53
Third-party limited assurance under ISO 14064-3 covering Scope 1, Scope 2 (location and market), Scope 3 business travel and employee commuting, plus water and waste data.
sustainability_report p.55
In 2021, for the first time, LRQA conducted a full audit of the ESG Report (in addition to the prior energy/GHG/water/waste data verification). Aligned with ISAE3000 standards.
sustainability_report p.4
Developed a new suite of five water goals focused on water stress, water management, and water consumption reductions, including 20% reduction in common area water-use-intensity by 2027/2029 from 2021 baseline.
sustainability_report p.12
Began tracking embodied carbon on pilot projects for two development communities, with plan to expand measurement broadly in future designs to support Scope 3 SBT.
sustainability_report p.12
AvalonBay made the CDP 'A List' for the first time for carbon emission disclosure and reduction practices, one of four REITs and the only apartment company to receive an A grade.
sustainability_report p.3
2020· 6 events
Annual energy, GHG emissions, water and community waste data independently verified by Lloyd's Register Quality Assurance (LRQA) for the sixth consecutive year, aligned with ISO14064-3 standard.
sustainability_report p.4
COVID-19 pandemic affected business results, customer satisfaction (NPS dropped from 31 to 27), and operations. Residents living/working from home increased water and energy consumption at communities.
sustainability_report p.3
New goals set including increasing community investment to $2.75M by 2025, NPS of 33 by 2025, gender parity in leadership by 2025, increase underrepresented minorities in leadership to 20% by 2025 and 25% by 2030.
sustainability_report p.5
Reported Scope 3 emissions only represent employee commuting and travel; does not include other Scope 3 categories.
sustainability_report p.34
Created a strategic plan to achieve Science-Based Targets (53% reduction in Scope 1 & 2 and 47% reduction in Scope 3 GHG emissions per square foot by 2030 vs 2017 baseline) with focus on renewable energy, embedded carbon in construction materials, and resident engagement.
sustainability_report p.4
Developed comprehensive Climate and Emissions Risk Dashboard rating 274 properties across 11 climate-risk factors integrated with emissions data, used to inform investment/divestiture decisions and capital improvements.
sustainability_report p.11
2019· 4 events
In 2019, AvalonBay set ambitious science-based scope 1, 2 & 3 emissions reduction targets: 53% reduction in scope 1 & 2 GHG emissions and 47% reduction in scope 3 GHG emissions by 2030, from 2017 baseline. Targets aligned with 2°C scenario.
sustainability_report p.12
AvalonBay commits to reduce scope 1 and 2 GHG emissions by 53% per square foot and scope 3 emissions by 47% per square foot by 2030 from a 2017 base-year. Approved by SBTi and 1.5°C aligned.
sustainability_report p.20
In 2019, the Science Based Targets initiative approved targets to reduce Scope 1 and 2 emissions by 53% and Scope 3 emissions by 47% by 2030 from a 2017 baseline.
sustainability_report p.7
AvalonBay committed in 2019 to reduce Scope 1+2 GHG emissions by 53% per square foot and Scope 3 emissions by 47% per square foot by 2030 from a 2017 base-year. Targets approved by SBTi at 2°C alignment.
sustainability_report p.23
2018· 2 events
Waste reduction goal set in 2018 with 2017 baseline of 1671 lbs per apartment home, target of 1631 by 2023.
sustainability_report p.23
Waste intensity target (set 2018) of 1,639 lbs per apartment home by 2023 from 2017 baseline of 2,039 lbs achieved early — 1,613 lbs in reporting year (106.5% of target).
sustainability_report p.31