Stag has set a target to reduce corporate absolute scope 1 and scope 2 greenhouse gas emissions by 50% by 2030 from a 2018 baseline, aligned with SBTi's 1.5-degree Celsius pathway, aiming to achieve net zero before considering carbon offsets. The company has achieved operational carbon neutrality in 2021 through energy efficiency, on-site renewables, and the use of renewable energy certificates and carbon offsets, with plans to reduce reliance on them by prioritizing energy efficiency and on-site renewables. STAG Industrial's latest filings mentioned the keywords ‘Emissions' and ‘Carbon’ most number of times in relation to 'Net Zero'.

STAG has set a long-term goal in alignment with the Science-Based Targets Initiative to measure and reduce scope 3 emissions, such as those associated with STAG's NNN-leased buildings (i.e., tenant activity). The company has taken several steps to reduce its carbon footprint, including encouraging tenants to track energy, water, waste, and greenhouse gas emissions data in ENERGY STAR Portfolio Manager, reducing or eliminating the use of gas while increasing the use of electricity and energy from renewable energy sources, deploying construction materials and features designed to increase the overall energy and water efficiency of its buildings, utilizing lease provisions that are environmentally friendly and incentivize tenants to adopt energy-efficient practices, and leasing roof space to increase overall renewable energy production at its properties. The company has also developed an efficiency retrofit program that offers tenants the ability to upgrade building lighting or HVAC equipment without upfront capital costs.

STAG Industrial has achieved operational carbon neutrality in 2021, primarily through energy efficiency, optimization, and on-site renewables. Remaining scope 1 and scope 2 emissions were neutralized through the generation or purchase of credible and verifiable renewable energy certificates (RECs) and carbon offsets. The company plans to decelerate its use of RECs and carbon offsets as it increases investments and efforts in energy efficiency, electrification, and on-site renewables. STAG has participated in and supported efforts led by various organizations, including CDP, Green Lease Leaders, GRESB, Institute for Market Transformation, Institutional Shareholder Services, NAREIT, NAREIM, Science-Based Targets Initiative, U.S. Department of Energy, and ENERGY STAR.

In conclusion, STAG Industrial aims to cut corporate absolute scope 1 and scope 2 greenhouse gas emissions by 50% by 2030 from a 2018 baseline. They achieved operational carbon neutrality in 2021 through energy efficiency, on-site renewables, renewable energy certificates, and carbon offsets. Additionally, the company is actively working to measure and reduce scope 3 emissions related to its leased buildings.

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