Piedmont Office Realty Trust

Piedmont Office Realty Trust's reported carbon emissions

In 2023, Piedmont Office Realty Trust reported total carbon emissions of approximately 78,800,000 kg CO2e. This figure includes Scope 1 emissions of about 778,000 kg CO2e, Scope 2 emissions of approximately 77,067,000 kg CO2e (market-based), and Scope 3 emissions of about 9,620,000 kg CO2e. The company has made significant strides in reducing its carbon footprint, achieving a 30% reduction in absolute emissions for both Scope 1 and Scope 2 from a 2018 baseline by the end of 2022. Piedmont has set ambitious climate commitments, including a Decarbonization Plan aimed at reducing overall emissions by 50% by 2030, with a long-term goal of achieving net-zero emissions by 2050. These targets encompass all scopes of emissions and align with the Science Based Targets initiative (SBTi), which has validated their commitment to reduce Scope 1 and Scope 2 GHG emissions by 50% from a 2018 base year. The company is also focused on improving its emissions intensity, targeting a 50% reduction in GHG emissions intensity by 2030, based on 2018 levels. These initiatives reflect Piedmont's dedication to sustainability and its proactive approach to addressing climate change.