Columbia Property Trust Sustainability Profile
Columbia Property Trust, Inc. is a prominent real estate investment trust (REIT) headquartered in the United States, with a strong presence in major urban markets such as New York, San Francisco, and Washington, D.C. Founded in 1994, the company has established itself as a leader in the acquisition, development, and management of high-quality office properties, focusing on sustainable and innovative design. Columbia Property Trust is renowned for its commitment to creating value through strategic investments in prime locations, offering a diverse portfolio that includes both traditional office spaces and modern, flexible work environments. The company’s emphasis on sustainability and tenant satisfaction sets it apart in the competitive real estate landscape. With a solid market position and a track record of notable achievements, Columbia Property Trust continues to shape the future of urban real estate.
DitchCarbon Score
How does Columbia Property Trust'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
Columbia Property Trust's score of 57 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Columbia Property Trust's reported carbon emissions
In 2022, Columbia Property Trust reported total carbon emissions of approximately 1,504,023 kg CO2e from Scope 1 and Scope 2 sources combined. This includes 604,518 kg CO2e from Scope 1, primarily from stationary combustion, and 899,505 kg CO2e from Scope 2 emissions, with a negligible market-based component of 2,247 kg CO2e. Additionally, Scope 3 emissions were recorded at about 82,285 kg CO2e, which includes 2,109 kg CO2e from waste generated in operations. The company has inherited its emissions data from its parent organization, Columbia Property Trust, Inc., which is part of a corporate family relationship with Allianz SE. This cascading of data reflects the broader commitments and performance metrics established at the corporate level. Despite the detailed emissions reporting, Columbia Property Trust has not set specific reduction targets or initiatives as part of its climate commitments. The absence of documented reduction targets suggests a need for further development in their sustainability strategy. The company is currently positioned within an industry context that increasingly prioritises carbon neutrality and climate resilience, highlighting the importance of establishing clear and actionable climate goals.
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| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 2,452,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 30,001,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 6,655,000 | 0,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Columbia Property Trust's Industry?
How Carbon Intensive is Columbia Property Trust's Location?
Columbia Property Trust'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.
Columbia Property Trust 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.
