- More frequent/intense natural disasters resulting in property damage, operational disruption, and increased insurance rates.
- Rising temperatures impacting tenant comfort while reducing energy consumption.
- Energy grid and water system reliability.
- Changes to resource quality or availability.
- Increasing utility and insurance rates.
- Stringent building codes and performance standards.
- Shortage of experienced building engineers.
- Failure to meet long-term emissions goal of net zero by 2050.
Piedmont Office Realty Trust, Inc.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Piedmont Office Realty Trust, Inc. disclosed greenhouse gas emissions of 778 MtCO2e (Scope 1) + 81,159 MtCO2e (Scope 2 location-based) + 77,067 MtCO2e (Scope 2 market-based) + 9,620 MtCO2e (Scope 3). By scope: Scope 1: 778 tCO2e; Scope 2: 158.2K tCO2e (location-based + market-based); Scope 3: 9.6K tCO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
778 MtCO2e (Scope 1) + 81,159 MtCO2e (Scope 2 location-based) + 77,067 MtCO2e (Scope 2 market-based) + 9,620 MtCO2e (Scope 3)
2023
Renewable Energy
4%
of total energy
Water Usage
715.6K m3
2023
Waste
2.5K tons (landfill) + 921 tons (recycled) + 3.1 tons (hazardous)
2023
Energy Use
278.7K MWh
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 778 tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 158.2K tCO2e (location-based + market-based) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 9.6K tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 778 MtCO2e (Scope 1) + 81,159 MtCO2e (Scope 2 location-based) + 77,067 MtCO2e (Scope 2 market-based) + 9,620 MtCO2e (Scope 3) |
| 2022 | 87.6K MTCO2e (Scope 1 & 2) |
| 2021 | 8.4K MtCO2e (2021) |
| 2020 | 5.4 MTCO2/SF (2020) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Recognized as ENERGY STAR® Partner of the Year – Sustained Excellence for the fourth consecutive year.
- Improved average ENERGY STAR score from 79 to 82.
- Increased LEED® certified portfolio from 50% (2022) to 69% (2023).
- Achieved a 5-star rating on the 2023 GRESB Real Estate Assessment.
- 97% of eligible portfolio certified as BOMA 360 Performance Building.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Improve waste data coverage to 100% by 2025.
📅 Medium-term
- Reduce energy and water consumption by 30%, reduce GHG emissions by 50% by 2030.
🔭 Long-term
- Net-zero emissions by 2050.
🌱 ESG Focus Areas
EnvironmentalSocialGovernance