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 2,479,700 kg CO2e from Scope 1 and 121,505,300 kg CO2e from Scope 2. This marks a slight decrease from 2023, where emissions totalled about 126,176,000 kg CO2e, with Scope 1 emissions at 2,523,520 kg CO2e and Scope 2 at 123,652,480 kg CO2e. Highwoods Properties has set an ambitious target to reduce its Scope 1 and 2 emissions by 50% by 2030, using 2016 as the baseline year. This commitment reflects the company's proactive approach to addressing climate change and aligns with industry standards for emissions reduction. The company does not currently disclose Scope 3 emissions, which often represent a significant portion of total emissions in the real estate sector. However, their focus on reducing Scope 1 and 2 emissions demonstrates a commitment to improving operational efficiency and sustainability. Highwoods Properties' emissions data is sourced directly from the company, with no cascading from a parent organisation. The company continues to monitor and report its emissions, aiming for transparency and accountability in its climate commitments.
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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.
