Franklin Street Properties Corp

Common Name
Franklin Street Properties
Country
United States
Sector
Real Estate
Industry
REIT - Office
Employees
28
Ticker
FSP
Exchange
NYSE MKT LLC
Description
Franklin Street Properties Corp. is a real estate investment trust (REIT) specializing in the ownership and investment in office properties across the United States. The primary function of Franklin S...

Franklin Street Properties's GHG Emissions Data Preview

In 2023, Franklin Street Properties completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources) and Scope 2 (indirect emissions from purchased energy).

However, Franklin Street Properties has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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0000000
Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Franklin Street Properties’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Franklin Street Properties’s data sources below and access millions more through our Disclosure Search.

a. Franklin Street Properties's ESG Report 2023
a. Franklin Street Properties's ESG Report 2023
b. Franklin Street Properties's ESG Report 2020
b. Franklin Street Properties's ESG Report 2020

Insights into Franklin Street Properties's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Franklin Street Properties amounted to 41,075 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Franklin Street Properties decreased by 7.33%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Franklin Street Properties's Scope 1 Emissions Over Time

2019202020212022202304008001.2 k1.6 ktCO2e-19%+2%+13%-15%
  • Total Scope 1
  • Year-over-Year Change

What are Franklin Street Properties's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Franklin Street Properties were 1,124 metric tons of CO₂ equivalent (tCO₂e). a

Has Franklin Street Properties reduced its Scope 1 emissions over time?

Since 2019, Franklin Street Properties's Scope 1 emissions have decreased by 20.62%, reflecting a declining long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), Franklin Street Properties's Scope 1 emissions decreased by 14.65%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Franklin Street Properties's Scope 2 emissions?

In 2023, Franklin Street Properties reported Scope 2 greenhouse gas (GHG) emissions of 39,951 tCO₂e without specifying the calculation method. a

Has Franklin Street Properties reduced its Scope 2 emissions over time?

Compared to the previous year (2022), Franklin Street Properties's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Franklin Street Properties 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Franklin Street Properties use for Scope 2 reporting?

In 2023, Franklin Street Properties reported its Scope 2 emissions using an unspecified methodology. a

Franklin Street Properties's Scope 2 Emissions Over Time

20192020202120222023025 k50 k75 k100 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Franklin Street Properties’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Franklin Street Properties reported Scope 1 greenhouse gas (GHG) emissions of 1,124 tCO₂e and total revenues of USD 146 millions. This translates into an emissions intensity of 7.71 tCO₂e per millions USD. a

Franklin Street Properties's Scope 1 Emissions Intensity Compared to Peers

102002,00020,000200,000Scope 1 Emissions (tCO2e)502001,0002,00010,000Revenues (Millions of USD)VDouglas EmmettYear: 2023Scope 1: 6,773 tCO2eRevenue: $M 1,020Scope 1 Intensity: 6.64 tCO2e/$MAlexandria Real Estate EquitiesYear: 2024Scope 1: 108,507 tCO2eRevenue: $M 3,050Scope 1 Intensity: 35.58 tCO2e/$MBXPYear: 2024Scope 1: 12,637 tCO2eRevenue: $M 3,408Scope 1 Intensity: 3.71 tCO2e/$MHudson Pacific PropertiesYear: 2023Scope 1: 13,272 tCO2eRevenue: $M 952Scope 1 Intensity: 13.94 tCO2e/$MHighwoods PropertiesYear: 2023Scope 1: 1,929 tCO2eRevenue: $M 834Scope 1 Intensity: 2.31 tCO2e/$MCOPT Defense PropertiesYear: 2024Scope 1: 10,504 tCO2eRevenue: $M 753Scope 1 Intensity: 13.94 tCO2e/$MPiedmont Realty TrustYear: 2024Scope 1: 829 tCO2eRevenue: $M 570Scope 1 Intensity: 1.45 tCO2e/$MVVVeris ResidentialYear: 2024Scope 1: 5,397 tCO2eRevenue: $M 271Scope 1 Intensity: 19.91 tCO2e/$MCousins PropertiesYear: 2023Scope 1: 366 tCO2eRevenue: $M 803Scope 1 Intensity: 0.46 tCO2e/$MJBG SMITH PropertiesYear: 2023Scope 1: 9,462 tCO2eRevenue: $M 604Scope 1 Intensity: 15.66 tCO2e/$MKilroy RealtyYear: 2023Scope 1: 4,765 tCO2eRevenue: $M 1,130Scope 1 Intensity: 4.22 tCO2e/$MSL Green RealtyYear: 2023Scope 1: 3,991 tCO2eRevenue: $M 914Scope 1 Intensity: 4.37 tCO2e/$MInvitation HomesYear: 2022Scope 1: 5,158 tCO2eRevenue: $M 2,238Scope 1 Intensity: 2.30 tCO2e/$MPublic StorageYear: 2024Scope 1: 32,399 tCO2eRevenue: $M 4,696Scope 1 Intensity: 6.90 tCO2e/$MRexford Industrial RealtyYear: 2024Scope 1: 21 tCO2eRevenue: $M 938Scope 1 Intensity: 0.02 tCO2e/$MStarwood Property TrustYear: 2022Scope 1: 6,823 tCO2eRevenue: $M 1,450Scope 1 Intensity: 4.71 tCO2e/$MUDRYear: 2023Scope 1: 16,379 tCO2eRevenue: $M 1,628Scope 1 Intensity: 10.06 tCO2e/$MCoStar GroupYear: 2024Scope 1: 5,710 tCO2eRevenue: $M 2,736Scope 1 Intensity: 2.09 tCO2e/$MAmerican Homes 4 RentYear: 2024Scope 1: 13,532 tCO2eRevenue: $M 1,729Scope 1 Intensity: 7.83 tCO2e/$MPotlatchdelticYear: 2024Scope 1: 45,000 tCO2eRevenue: $M 1,062Scope 1 Intensity: 42.37 tCO2e/$MVornado Realty TrustYear: 2024Scope 1: 22,586 tCO2eRevenue: $M 1,788Scope 1 Intensity: 12.63 tCO2e/$MXenia Hotels & ResortsYear: 2023Scope 1: 19,651 tCO2eRevenue: $M 1,025Scope 1 Intensity: 19.16 tCO2e/$MRyman Hospitality PropertiesYear: 2023Scope 1: 76,338 tCO2eRevenue: $M 2,158Scope 1 Intensity: 35.37 tCO2e/$MFranklin Street PropertiesYear: 2023Scope 1: 1,124 tCO2eRevenue: $M 146Scope 1 Intensity: 7.71 tCO2e/$M

How does Franklin Street Properties's GHG emissions intensity compare to its peers?

In 2023, Franklin Street Properties reported a Scope 1 emissions intensity of 7.71 tCO₂e per millions USD. Compared to the peer group median of 6.9 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Franklin Street Properties rank on GHG emissions intensity within its industry?

In 2023, Franklin Street Properties ranked 13 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Franklin Street Properties is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

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