Franklin Street Properties Corp
Franklin Street Properties Corp., often referred to as FSP, is a prominent real estate investment trust (REIT) headquartered in the United States. Established in 2003, the company has carved a niche in the commercial real estate sector, focusing primarily on the acquisition, development, and management of office and industrial properties across key markets in the U.S. With a robust portfolio that emphasises high-quality assets, Franklin Street Properties stands out for its strategic approach to property management and tenant relations. The firm has achieved significant milestones, including a successful public listing, which has solidified its position in the competitive REIT landscape. Known for its commitment to sustainability and operational excellence, FSP continues to enhance its market presence while delivering value to its investors and stakeholders.
DitchCarbon Score
How does Franklin Street Properties Corp'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
Franklin Street Properties Corp's score of 25 is lower than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Franklin Street Properties Corp's reported carbon emissions
In 2022, Franklin Street Properties Corp reported total carbon emissions of approximately 43,005,000 kg CO2e, comprising 1,317,000 kg CO2e from Scope 1 and 43,005,000 kg CO2e from Scope 2 emissions. This marked a slight increase in emissions compared to previous years, with 2021 emissions recorded at about 40,728,000 kg CO2e, which included 1,166,000 kg CO2e from Scope 1 and 40,728,000 kg CO2e from Scope 2. The company has demonstrated a commitment to reducing its carbon footprint, although specific reduction targets or initiatives have not been disclosed. The absence of defined science-based targets (SBTi) or documented reduction initiatives suggests that while Franklin Street Properties Corp acknowledges the importance of climate action, it may not yet have formalised its strategies in line with industry standards. Overall, Franklin Street Properties Corp's emissions data reflects its ongoing efforts to monitor and manage its carbon impact, with a focus on Scope 1 and Scope 2 emissions, which are critical for understanding operational sustainability in the real estate sector.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
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.
Franklin Street Properties Corp is not participating in any 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.
