Piedmont Office Realty Trust
Piedmont Office Realty Trust, commonly referred to as Piedmont, is a prominent real estate investment trust (REIT) headquartered in California. Founded in 1997, the company has established a strong presence in major operational regions across the United States, focusing primarily on the acquisition, development, and management of high-quality office properties. Piedmont's core offerings include a diverse portfolio of strategically located office spaces that cater to a variety of tenants, emphasising sustainability and modern design. The company is recognised for its commitment to environmental stewardship, achieving notable certifications for many of its properties. With a solid market position, Piedmont continues to be a leader in the office real estate sector, consistently delivering value to its stakeholders through innovative solutions and a customer-centric approach.
DitchCarbon Score
How does Piedmont Office Realty Trust'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
Piedmont Office Realty Trust's score of 35 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Piedmont Office Realty Trust's reported carbon emissions
In 2022, Piedmont Office Realty Trust reported total greenhouse gas emissions of approximately 87,553,000 kg CO2e, which includes 933,000 kg CO2e from Scope 1 and about 84,990,000 kg CO2e from Scope 2 emissions. The company has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 emissions by 50% by 2030, using 2018 as the baseline year. This target aligns with the Science Based Targets initiative (SBTi) and is consistent with the reductions necessary to limit global warming to 1.5°C. Piedmont's emissions data from previous years shows a trend of significant emissions, with 124,025,000 kg CO2e in 2018, which included 1,908,000 kg CO2e from Scope 1 and 109,976,000 kg CO2e from Scope 2. The company is also committed to measuring and reducing its Scope 3 emissions, although specific data for these emissions has not been disclosed. In addition to its GHG reduction targets, Piedmont aims to decrease its energy and water use intensity by 30% by 2030, further demonstrating its commitment to sustainability and responsible resource management. The company’s headquarters is located in California, where it continues to pursue initiatives that contribute to a more sustainable future.
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| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Scope 1 | 1,908,000 | 0,000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 109,976,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 00,000,000 | 00,000,000 | 00,000,000 |
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.
Piedmont Office Realty Trust is participating in some 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.
