City Office Reit
City Office REIT, Inc., a prominent player in the real estate investment trust (REIT) sector, is headquartered in California and primarily operates across key markets in the United States. Founded in 2013, the company focuses on acquiring, owning, and managing high-quality office properties, particularly in urban and suburban locations that exhibit strong demand dynamics. With a portfolio that emphasises value creation through strategic asset management, City Office REIT distinguishes itself by targeting properties in markets with robust economic fundamentals. The firm has achieved notable milestones, including a successful public listing and consistent growth in its asset base. Recognised for its commitment to sustainability and tenant satisfaction, City Office REIT continues to solidify its position as a leader in the office real estate market, catering to a diverse range of tenants and fostering long-term relationships.
DitchCarbon Score
How does City Office Reit'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
City Office Reit's score of 23 is lower than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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City Office Reit's reported carbon emissions
In 2023, City Office REIT reported total carbon emissions of approximately 31,672,000 kg CO2e, comprising about 401,000 kg CO2e from Scope 1 and about 30,672,000 kg CO2e from Scope 2 emissions. This represents a slight increase in emissions compared to 2021, when the total was approximately 28,318,000 kg CO2e, with Scope 1 emissions at about 663,000 kg CO2e and Scope 2 emissions at about 27,655,000 kg CO2e. Despite the increase in emissions, City Office REIT has not disclosed any specific reduction targets or initiatives aimed at decreasing their carbon footprint. The company has not provided data on Scope 3 emissions, which typically encompass indirect emissions from the value chain. City Office REIT's commitment to addressing climate change remains unclear, as there are no documented climate pledges or reduction initiatives available. The company operates within an industry increasingly focused on sustainability, and further transparency regarding their climate commitments would be beneficial for stakeholders.
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| 2021 | 2023 | |
|---|---|---|
| Scope 1 | 663,000 | 000,000 |
| Scope 2 | 28,318,000 | 00,000,000 |
| Scope 3 | - | - |
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.
City Office Reit is not participating in any 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.
