Commonwealth Partners

Commonwealth Partners, a US-based real estate services firm, reported its 2022 carbon emissions with a focus on operational impacts. In 2022, the company's total reported emissions were approximately 48,498,000 kg CO2e. This included Scope 1 emissions of around 2,646,000 kg CO2e, Scope 2 (location-based) emissions of approximately 41,055,000 kg CO2e, and Scope 3 emissions from downstream leased assets totalling about 4,732,000 kg CO2e.

Looking at previous years, Commonwealth Partners' total reported emissions were approximately 38,049,000 kg CO2e in 2021 and around 37,474,000 kg CO2e in 2020. In 2019, the company reported Scope 1 emissions of approximately 2,962,000 kg CO2e and Scope 2 (location-based) emissions of about 38,834,000 kg CO2e; Scope 3 data was not available for this year.

Commonwealth Partners has committed to achieving net-zero carbon emissions by 2050 for emissions under its operational control (Scope 1 and Scope 2). This long-term commitment aligns with the ULI Greenprint initiative. Although Commonwealth Partners does not have Science Based Targets (SBTi) specifically, its ultimate parent company, Mitsubishi Estate Co., Ltd., has SBTi targets from which Commonwealth Partners inherits relevant initiatives.