In 2024, Highwoods 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, Highwoods Properties has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 2,479.7a | 1,929b | 2,247b | |
Total Scope 2 | ||||
Unspecified Calculation Method | 121,505.3a | 123,652.48a | 119,457b | |
Total Scope 3 | N/A | N/A | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 3.0553a | 2.3527b | 2.7107b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Highwoods Properties amounted to 123,985 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 2023, the total operational greenhouse gas (GHG) emissions of Highwoods Properties decreased by 1.27%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab
In 2024, the total Scope 1 emissions of Highwoods Properties were 2,479.7 metric tons of CO₂ equivalent (tCO₂e).a
Since 2022, Highwoods Properties's Scope 1 emissions have increased by 10.36%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Highwoods Properties's Scope 1 emissions increased by 28.55%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
In 2024, Highwoods Properties reported Scope 2 greenhouse gas (GHG) emissions of 121,505.3 tCO₂e without specifying the calculation method.a
Since 2022, Highwoods Properties's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Highwoods Properties's emissions have plateaued with no significant change in its energy consumption footprint.ab
Compared to the previous year (2023), Highwoods Properties's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Highwoods Properties's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Highwoods Properties reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Highwoods Properties reported Scope 1 greenhouse gas (GHG) emissions of 2,479.7 tCO₂e and total revenues of USD 812 millions. This translates into an emissions intensity of 3.06 tCO₂e per millions USD.a
In 2024, Highwoods Properties reported a Scope 1 emissions intensity of 3.06 tCO₂e per millions USD. Compared to the peer group median of 4.71, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Highwoods Properties ranked 6 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Highwoods Properties is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a