Franklin Street Properties Corp Sustainability Profile
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 54% 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 2024, Franklin Street Properties Corp reported total carbon emissions of approximately 30,530,000 kg CO2e from Scope 2 and about 1,008,000 kg CO2e from Scope 1, totalling around 31,538,000 kg CO2e. This marks a reduction from 2023, where emissions were approximately 31,994,000 kg CO2e (1,121,000 kg CO2e from Scope 1 and 31,814,000 kg CO2e from Scope 2). The company has not disclosed any Scope 3 emissions data for 2024, but in a global context, it reported approximately 650,279 kg CO2e in Scope 3 emissions, with significant contributions from employee commuting (about 271,644 kg CO2e) and purchased goods and services (approximately 131,581 kg CO2e). Franklin Street Properties Corp has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. The emissions data is not cascaded from any parent organisation, indicating that the figures are solely from Franklin Street Properties Corp. Overall, the company is actively monitoring its carbon footprint, with a focus on reducing its Scope 1 and 2 emissions, while continuing to assess its broader climate impact.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | |
|---|---|---|---|---|---|---|---|
| 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 | - | - | - | - | - | - | 000,000 |
How Carbon Intensive is Franklin Street Properties Corp's Industry?
How Carbon Intensive is Franklin Street Properties Corp's Location?
Franklin Street Properties Corp's Scope 3 Categories Breakdown
Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Employee Commuting" being the largest emissions source at 42% of Scope 3 emissions.
Top Scope 3 Categories
Franklin Street Properties Corp'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.
Franklin Street Properties Corp 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.
