City Office Reit Sustainability Profile
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 26 is lower than 52% 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 40,100 kg CO2e from Scope 1 and about 30,672,000 kg CO2e from Scope 2. The organisation has not disclosed any Scope 3 emissions data. City Office REIT has not set specific reduction targets or initiatives as part of its climate commitments, nor does it participate in initiatives such as the Science Based Targets initiative (SBTi). The emissions data is directly reported by City Office REIT, Inc., with no cascading from a parent or related organisation. The company is headquartered in California and is focused on managing its carbon footprint, although specific reduction strategies or pledges have not been outlined.
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| 2023 | |
|---|---|
| Scope 1 | 401,000 |
| Scope 2 | 30,672,000 |
| Scope 3 | - |
How Carbon Intensive is City Office Reit's Industry?
How Carbon Intensive is City Office Reit's Location?
City Office Reit's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
City Office Reit has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
