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 Net Zero 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.
Kilroy Realty, a real estate investment trust, has reported to be carbon neutral for three consecutive years in 2022. The company expanded its commitment to include scope 3 emissions from downstream leased assets, reflecting the carbon emissions generated by the tenants' energy usage. The company intends to become net-zero by reducing its scope 1, scope 2, and scope 3 emissions. Kilroy Realty's latest filings mentioned the keywords ‘Emissions' and 'Carbon’ most number of times in relation to 'Net Zero'.
Kilroy Realty has reported its carbon/greenhouse gas emission trends, with its total carbon emissions for 2022 being 59,841 tonnes, an increase from 50,185 tonnes in 2021. The company has taken steps to reduce its emissions, including utilizing the EPA Energy Star conversion factors for volume to weight for trash, recycling, and compost bins. Kilroy Realty has also purchased Verified Carbon Offsets in an amount equivalent to its Scope 1 emissions to contribute toward its carbon-neutral operations goal.
Kilroy Realty has taken steps to reduce its waste, with 43.4% of its directly managed assets' waste being diverted in 2021, increasing to 50.9% in 2022. The company has also invested in renewable energy certificates and verified carbon offsets to reduce its carbon emissions.
In conclusion, as demonstrated its commitment to sustainability by achieving carbon neutrality for three consecutive years, expanding its efforts to include scope 3 emissions and taking various steps to reduce waste and carbon emissions.