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 38 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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, comprising 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 has been validated by the Science Based Targets initiative (SBTi) and aligns with the goal of limiting global warming to 1.5°C. Piedmont's emissions data for 2020 included approximately 91,700 kg CO2e from Scope 1, 80,957,000 kg CO2e from Scope 2, and 19,640,000 kg CO2e from Scope 3 emissions. In 2021, the company reported similar figures, with Scope 1 emissions at 917,000 kg CO2e, Scope 2 emissions at approximately 80,077,000 kg CO2e, and Scope 3 emissions at about 17,670,000 kg CO2e. The company has not yet disclosed emissions data for 2023, but it continues to focus on measuring and reducing its Scope 3 emissions as part of its broader sustainability strategy. Overall, Piedmont Office Realty Trust is committed to enhancing its environmental performance and contributing to climate action within the real estate sector.
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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 committed to some reduction initiatives 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.
