Highwoods Properties
Highwoods Properties, Inc., a prominent player in the real estate investment trust (REIT) sector, is headquartered in the United States. Founded in 1994, the company has established a strong presence in key operational regions, including the Southeast and Mid-Atlantic areas. Specialising in the development, acquisition, and management of office and mixed-use properties, Highwoods Properties is recognised for its commitment to creating high-quality, sustainable environments that enhance tenant experiences. With a diverse portfolio that includes premier office spaces and strategically located retail properties, Highwoods Properties stands out for its focus on innovation and customer service. The company has achieved notable milestones, including consistent recognition for its operational excellence and sustainability initiatives. As a leader in the commercial real estate market, Highwoods Properties continues to shape urban landscapes while delivering value to its stakeholders.
DitchCarbon Score
How does Highwoods Properties'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
Highwoods Properties's score of 35 is higher 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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Highwoods Properties's reported carbon emissions
In 2024, Highwoods Properties reported total greenhouse gas emissions of approximately 123,985,000 kg CO2e, comprising about 2,479,700 kg CO2e from Scope 1 and about 121,505,300 kg CO2e from Scope 2 emissions. This marks a slight decrease from 2023, where total emissions were about 126,176,000 kg CO2e, with Scope 1 emissions at approximately 2,523,520 kg CO2e and Scope 2 emissions at about 123,652,480 kg CO2e. Highwoods Properties has set an ambitious target to reduce its Scope 1 and 2 greenhouse gas emissions by 50% by 2030, using a 2016 baseline. This commitment reflects the company's proactive approach to climate action and aligns with industry standards for sustainability. The reduction target is significant, aiming to enhance the company's environmental performance in the coming years. The emissions data is not cascaded from any parent organization, indicating that Highwoods Properties independently reports its emissions and climate commitments. The company has not disclosed any Scope 3 emissions data, which typically includes indirect emissions from the value chain. Overall, Highwoods Properties is taking meaningful steps towards reducing its carbon footprint and addressing climate change through its established reduction targets.
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| 2016 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 3,360,780 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 164,678,220 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| 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.
Highwoods Properties 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.
