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 50 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 77,800 kg CO2e for Scope 1, 77,067,000 kg CO2e for Scope 2 (market-based), and 9,620,000 kg CO2e for Scope 3. This reflects a significant reduction in emissions compared to previous years, with a 30% decrease in both Scope 1 and Scope 2 emissions from a 2018 baseline, achieved by 2022. The company has set ambitious climate commitments, including a target to reduce Scope 1 and Scope 2 greenhouse gas emissions by 50% by 2030, also based on the 2018 levels. Additionally, Piedmont aims to achieve net-zero emissions by 2050, as outlined in their Decarbonization Plan, which was finalised in 2022. This plan includes strategies for both portfolio and regional operations. Piedmont's emissions data is sourced directly from the organisation itself, with no cascaded data from a parent company. The company is committed to measuring and reducing its Scope 3 emissions as part of its overall climate strategy.
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| 2018 | 2019 | 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 | 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.
