Equity Commonwealth
Equity Commonwealth, a prominent real estate investment trust (REIT), is headquartered in the United States and primarily operates across major urban markets. Founded in 2015, the company has quickly established itself in the commercial real estate sector, focusing on the acquisition and management of high-quality office properties. Equity Commonwealth is distinguished by its commitment to sustainability and innovation, offering a portfolio that prioritises environmentally responsible practices. The firm’s strategic approach to property management and development has garnered recognition, positioning it as a leader in the industry. With a strong emphasis on tenant satisfaction and operational efficiency, Equity Commonwealth continues to achieve notable milestones, reinforcing its reputation as a trusted name in the real estate market.
DitchCarbon Score
How does Equity Commonwealth'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
Equity Commonwealth's score of 33 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Equity Commonwealth's reported carbon emissions
In 2022, Equity Commonwealth reported total carbon emissions of approximately 74,583,000 kg CO2e, comprising 72,542,000 kg CO2e from Scope 1 and about 2,041,000 kg CO2e from Scope 2 (market-based). The company also disclosed Scope 3 emissions of approximately 900,977 kg CO2e. This represents a reduction from 2021, where total emissions were about 89,432,000 kg CO2e, with Scope 1 emissions at 78,108,000 kg CO2e and Scope 2 emissions (market-based) at approximately 11,325,000 kg CO2e. Equity Commonwealth has set ambitious climate commitments, aiming for net-zero carbon emissions by 2050 for both Scope 1 and Scope 2 emissions, in alignment with the ULI Greenprint commitment. Additionally, the company has committed to reducing its Scope 1 and 2 greenhouse gas emissions by 50% per square foot by 2030, using 2013 as the base year. These targets are consistent with the necessary reductions to limit global warming to well below 2°C, demonstrating a proactive approach to climate action within the real estate sector.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 72,025,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 11,850,000 | 00,000,000 | 0,000,000 |
| Scope 3 | - | - | 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.
Equity Commonwealth 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.
