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.
-6 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
Real Estate Services has above-average carbon intensity
Industry performance
The Real Estate Services industry has reduced its overall emissions by 42% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
City Office Reit's reported carbon emissions
City Office REIT, headquartered in California and operating within the real estate services sector, reported its environmental performance for 2023. The company's emissions for this period included approximately 401,000 kg CO2e for Scope 1 and approximately 30,672,000 kg CO2e for Scope 2 (location-based). Scope 3 emissions data was not disclosed. City Office REIT is committed to sustainability and has developed a portfolio-level plan aimed at achieving net-zero emissions by 2030. This plan is aligned with the Science Based Targets initiative (SBTi) and the Climate Risk Real Estate Monitor (CRREM) framework. The targets specifically address Scope 1 and Scope 2 emissions, indicating a focus on reducing direct operational impacts and purchased energy-related emissions.
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City Office Reit’s Climate Goals (2030 & 2050)
2 goals2030
Slate developed a portfolio-level plan aligned with Science…
Slate developed a portfolio-level plan aligned with Science Based Targets initiative (SBTi) and Climate Risk Real Estate Monitor (CRREM) det…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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City Office Reit
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