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, currently does not report any carbon emissions data, as indicated by the absence of specific figures. However, the company has made significant climate commitments through its subsidiary, CommonWealth Partners. They have 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 the Science Based Targets initiative (SBTi) and is classified as consistent with the reductions necessary to limit global warming to well below 2°C. These targets reflect a proactive approach to sustainability within the real estate sector, demonstrating a commitment to reducing operational emissions. As of now, Equity Commonwealth has not committed to net-zero emissions, but their focus on substantial reductions in operational emissions showcases their dedication to addressing climate change.
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.
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