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.
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.
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.
Equity Commonwealth's score of 23 is lower than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Equity Commonwealth, headquartered in the United States, currently does not have specific carbon emissions data available for the most recent year. However, the company has made significant climate commitments aimed at reducing its greenhouse gas emissions. Equity Commonwealth, through its partnership with CommonWealth Partners, has set ambitious targets to reduce Scope 1 and Scope 2 greenhouse gas emissions by 50% per square foot by the year 2030, using 2013 as the baseline year. This commitment aligns with industry standards to maintain global warming well below 2°C, reflecting a proactive approach to climate change mitigation. These targets demonstrate Equity Commonwealth's dedication to sustainability within the real estate sector, focusing on operational efficiency and reduced carbon intensity. The company's initiatives are part of a broader trend in the industry, where firms are increasingly recognising the importance of environmental responsibility and the need for measurable climate action.
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.
Equity Commonwealth is participating in some 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.