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City Office REIT, Inc., headquartered in California, is a prominent player in the real estate services industry, specifically focusing on office properties. Founded in 2013, the company has rapidly established itself as a leader in acquiring, owning, and operating high-quality office buildings in key markets across the United States and Canada.
With a strategic emphasis on urban and suburban office spaces, City Office REIT offers a unique portfolio that caters to a diverse range of tenants. Their commitment to enhancing property value through active management and strategic renovations sets them apart in a competitive landscape. Notable achievements include a robust market position, underscored by a growing portfolio that reflects their expertise in identifying and capitalising on emerging opportunities in the real estate sector.
22
DitchCarbon score
-7 vs industry average
City Office Reit’s score of 22 is lower than 39% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
High
Real Estate Services has above-average carbon intensity
Industry performance
0.221
20182025
The Real Estate Services industry has reduced its overall emissions by 17% since 2018
Emissions trajectory 2020 – 2026
2020202120222023202420252026
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
City Office Reit's reported carbon emissions
City Office REIT, headquartered in California and operating in real estate services (70), reported a total of approximately 31.07 million kg CO2e in 2023. This figure encompasses Scope 1 and Scope 2 emissions.
Specifically, Scope 1 emissions for 2023 were approximately 401,000 kg CO2e. Scope 2 emissions, calculated based on location, were approximately 30.67 million kg CO2e. Scope 3 emissions data was not disclosed for this reporting period, with missing data points identified for purchased goods and services, and capital goods.
In terms of climate commitments, Slate (which developed the portfolio-level plan) has established a net-zero pathway for its fund out to 2030, aligned with the Science Based Targets initiative (SBTi) and Climate Risk Real Estate Monitor (CRREM). These targets are focused on Scope 1 and Scope 2 emissions.
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City Office Reit’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
City Office Reit26 days ago
22
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