Equity Commonwealth Sustainability Profile
Equity Commonwealth, a prominent real estate investment trust (REIT), is headquartered in the United States and primarily operates across major urban markets. Founded in 2015, the company has quickly established itself in the commercial real estate sector, focusing on the acquisition and management of high-quality office properties. Equity Commonwealth is distinguished by its commitment to sustainability and innovation, offering a portfolio that prioritises environmentally responsible practices. The firm’s strategic approach to property management and development has garnered recognition, positioning it as a leader in the industry. With a strong emphasis on tenant satisfaction and operational efficiency, Equity Commonwealth continues to achieve notable milestones, reinforcing its reputation as a trusted name in the real estate market.
DitchCarbon Score
How does Equity Commonwealth'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
Equity Commonwealth's score of 23 is lower than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Equity Commonwealth's reported carbon emissions
Equity Commonwealth, headquartered in the United States, has set ambitious climate commitments aimed at reducing its carbon footprint. Although specific emissions data for the most recent year is not available, the company has established significant reduction targets through the Science Based Targets initiative (SBTi). Equity Commonwealth, through its subsidiary CommonWealth Partners, has committed to reducing Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 50% per square foot by 2030, using 2013 as the base year. This target aligns with the goal of limiting global warming to well below 2°C, demonstrating the company's commitment to sustainable real estate practices. As of now, there are no reported absolute emissions figures, but the focus on intensity-based reductions indicates a proactive approach to managing emissions relative to operational scale. The commitment to significant reductions in GHG emissions reflects a broader trend within the real estate sector towards sustainability and climate resilience.
How Carbon Intensive is Equity Commonwealth's Industry?
How Carbon Intensive is Equity Commonwealth's Location?
Equity Commonwealth'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.
Equity Commonwealth has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
