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 47 is higher than 69% 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 2023, Piedmont Office Realty Trust reported total carbon emissions of approximately 78,000 kg CO2e for Scope 1, about 77,067,000 kg CO2e for Scope 2 (market-based), and around 9,620,000 kg CO2e for Scope 3 emissions. The combined Scope 1 and 2 emissions totalled approximately 81,937,000 kg CO2e (location-based). Comparatively, in 2022, the company recorded Scope 1 emissions of about 947,000 kg CO2e, Scope 2 emissions of approximately 83,007,000 kg CO2e (market-based), and Scope 3 emissions of around 12,457,000 kg CO2e, leading to a total of about 87,567,000 kg CO2e for Scope 1 and 2 combined. Piedmont Office Realty Trust has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and Scope 2 emissions by 50% by 2030 from a 2018 baseline. This target has been validated by the Science Based Targets initiative (SBTi) and is consistent with the reductions necessary to limit global warming to 1.5°C. Additionally, the company has committed to measuring and reducing its Scope 3 emissions. Notably, Piedmont achieved a 30% reduction in absolute emissions for both Scope 1 and Scope 2 from 2018 to 2022. The company has also established a long-term goal of achieving net-zero emissions by 2050, supported by a Decarbonization Plan that includes operational strategies across its portfolio. Overall, Piedmont Office Realty Trust is actively working towards significant emissions reductions while adhering to industry standards and climate commitments.
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| 2018 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | - | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
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.
