GlobalData offers a comprehensive analysis of Kilroy Realty, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Kilroy Realty‘s ESG performance. GlobalData’s company profile on Kilroy Realty offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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Kilroy Realty, a real estate company, is in its third year of carbon neutral operations and proud of its current achievements. The company takes pride in living up to its goal of leading by example and to encourage others
to increase their commitment to sustainability and climate action. Prioritizing sustainability is a fundamental element of the company's mission, aimed at delivering value to both shareholders and the planet. Consequently, the company is implementing measures to reduce its emissions and lower its carbon footprint.
The company's absolute greenhouse gas (GHG) emissions for 2022 are detailed as follows: for location-based, Scope 1 amounted to 4,639 tonnes, Scope 2 recorded 31,167 tonnes, and the total carbon emissions from directly managed assets reached 35,806 tonnes. Scope 3 location-based emissions from downstream leased assets were 24,036 tonnes, resulting in a total of 59,842 tonnes for all scopes (Scope 1, 2, and 3). The company has increased the percentage of waste diverted from landfill, with 50.9% of waste diverted in 2022 compared to 43.4% in 2021 for directly managed assets.
As of 2022, Kilroy Realty has realized a notable 27% reduction in emissions for Scope 1, 2, and 3, including downstream leased assets, when compared to the 2017 baseline. The company's goal, validated as a Science-Based Target in 2018, is to further diminish Scope 1, 2, and 3 emissions by 31% by 2030 and achieve an even more substantial 72% reduction by 2050, all relative to the 2017 baseline. The company has also made investments in renewable energy certificates (RECs) and verified carbon offsets to contribute towards its carbon neutral operations goal.
In conclusion, Kilroy Realty is committed to maintaining carbon neutrality and reducing its carbon emissions. The company has implemented measures to increase waste diversion and has made investments in RECs and carbon offsets. The company's continuous efforts indicate a commitment to sustainability and reducing its environmental impact.
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