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 28 is higher than 50% 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 4,406,717,000 kg CO2e, comprising about 60,402,000 kg CO2e from Scope 1 and approximately 4,346,597,000 kg CO2e from Scope 2 emissions. This marks a slight decrease in Scope 1 emissions from 2022, where they were about 63,919,000 kg CO2e, while Scope 2 emissions also saw a reduction from approximately 4,617,455,000 kg CO2e in the previous year. City Office REIT has not disclosed any Scope 3 emissions data, indicating a potential area for future reporting and improvement. The company has not set specific reduction targets or initiatives as part of its climate commitments, which may limit its ability to demonstrate proactive engagement in climate action. The emissions data is sourced directly from City Office REIT, Inc., with no cascading from a parent or related organization. The company operates with a focus on transparency in its emissions reporting, aligning with industry standards for climate accountability.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 69,293,000 | 00,000,000 | 000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 4,873,928,000 | 0,000,000,000 | 00,000,000 | 0,000,000,000 | 0,000,000,000 |
| 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.
