JBG SMITH Properties

Country
United States
Sector
Real Estate
Industry
REIT - Office
Employees
645
Ticker
JBGS
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
JBG SMITH Properties is a real estate investment trust (REIT) that specializes in owning, operating, and developing a diverse portfolio of commercial, residential, and mixed-use properties. Primarily ...

JBG SMITH Properties's GHG Emissions Data Preview

In 2023, JBG SMITH 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), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

JBG SMITH Properties has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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a
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b
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c
0000000
Total Scope 2
Market-Based
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b
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0000000
Location-Based
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a
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b
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0000000
Unspecified Calculation Method
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c
0000000
Total Scope 3
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b
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c
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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b
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c
0000000
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Verified Sources Behind JBG SMITH 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 JBG SMITH Properties’s data sources below and access millions more through our Disclosure Search.

a. JBG SMITH Properties's Sustainability Report 2024
a. JBG SMITH Properties's Sustainability Report 2024
b. JBG SMITH Properties's ESG Report 2023
b. JBG SMITH Properties's ESG Report 2023
c. JBG SMITH Properties's ESG Report 2022
c. JBG SMITH Properties's ESG Report 2022

Insights into JBG SMITH Properties's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of JBG SMITH Properties amounted to 57,359 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 JBG SMITH Properties decreased by 22.4%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a b

JBG SMITH Properties's Scope 1 Emissions Over Time

202020212022202303.5 k7 k10.5 k14 ktCO2e+29%+16%-28%
  • Total Scope 1
  • Year-over-Year Change

What are JBG SMITH Properties's Scope 1 emissions?

In 2023, the total Scope 1 emissions of JBG SMITH Properties were 9,462 metric tons of CO₂ equivalent (tCO₂e). a

Has JBG SMITH Properties reduced its Scope 1 emissions over time?

Since 2020, JBG SMITH Properties's Scope 1 emissions have increased by 8.22%, reflecting a rising long-term trend in Scope 1 emissions over time. a c

Compared to the previous year (2022), JBG SMITH Properties's Scope 1 emissions decreased by 28%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a b

What are JBG SMITH Properties's Scope 2 emissions?

In 2023, JBG SMITH Properties reported Scope 2 greenhouse gas (GHG) emissions of 0 tCO₂e using the market-based method and 47,897 tCO₂e using the location-based method. a

Has JBG SMITH Properties reduced its Scope 2 emissions over time?

Compared to the previous year (2022), JBG SMITH Properties's Scope 2 emissions (Location-Based) fell by 21.19% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a b

What methodology does JBG SMITH Properties use for Scope 2 reporting?

In 2023, JBG SMITH Properties reported its Scope 2 emissions using the market-based method and using the location-based method. a

JBG SMITH Properties's Scope 2 Emissions Over Time

2020202120222023025 k50 k75 k100 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into JBG SMITH Properties's Value Chain Emissions

In 2023, JBG SMITH Properties reported 7,366 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2023 disclosure of JBG SMITH Properties includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

JBG SMITH Properties's Scope 3 Emissions Over Time

202020212022202305 k10 k15 k20 ktCO2e+29%-52%-19%
  • Total Scope 3
  • Year-over-Year Change

What are JBG SMITH Properties's Scope 3 emissions?

In 2023, JBG SMITH Properties reported total Scope 3 emissions of 7,366 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 0% of these emissions originated from upstream activities such as purchased goods and capital goods, while 100% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has JBG SMITH Properties reduced its Scope 3 emissions over time?

Since 2020, JBG SMITH Properties's Scope 3 emissions have decreased by 50.35%, reflecting a declining long-term trend in Scope 3 emissions over time. a c

Compared to the previous year (2022), JBG SMITH Properties's Scope 3 emissions decreased by 19.29%, highlighting the company's efforts to lower indirect emissions from its value chain. a b

What categories of Scope 3 emissions does JBG SMITH Properties disclose?

In 2023, JBG SMITH Properties reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol. a

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of JBG SMITH Properties's Scope 3 emissions?

In 2023, the largest contributors to JBG SMITH Properties's Scope 3 emissions were: a

  • Downstream Leased Assets (Cat. 13): 7,366 tCO₂e (100%)

JBG SMITH Properties's Scope 3 Emissions by Categories

Downstream LeasedAssets (Cat. 13)(100.0%)

Insights into JBG SMITH Properties’s GHG Emissions Intensity Compared to Industry Peers

In 2023, JBG SMITH Properties reported Scope 1 greenhouse gas (GHG) emissions of 9,462 tCO₂e and total revenues of USD 604 millions. This translates into an emissions intensity of 15.66 tCO₂e per millions USD. a

JBG SMITH Properties's Scope 1 Emissions Intensity Compared to Peers

102002,00020,000200,000Scope 1 Emissions (tCO2e)502005002,00010,000Revenues (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: $M 3,408Scope 1 Intensity: 3.71 tCO2e/$MFranklin Street PropertiesYear: 2023Scope 1: 1,124 tCO2eRevenue: $M 146Scope 1 Intensity: 7.71 tCO2e/$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: $M 803Scope 1 Intensity: 0.46 tCO2e/$MBroadstone Net LeaseYear: 2024Scope 1: 361 tCO2eRevenue: $M 432Scope 1 Intensity: 0.84 tCO2e/$MKilroy RealtyYear: 2023Scope 1: 4,765 tCO2eRevenue: $M 1,130Scope 1 Intensity: 4.22 tCO2e/$MSabra Health Care REITYear: 2024Scope 1: 6,694 tCO2eRevenue: $M 703Scope 1 Intensity: 9.52 tCO2e/$MRayonierYear: 2024Scope 1: 557 tCO2eRevenue: $M 1,263Scope 1 Intensity: 0.44 tCO2e/$MHealthcare Realty TrustYear: 2023Scope 1: 21,152 tCO2eRevenue: $M 1,344Scope 1 Intensity: 15.74 tCO2e/$MEPR PropertiesYear: 2023Scope 1: 6,064 tCO2eRevenue: $M 660Scope 1 Intensity: 9.19 tCO2e/$MAgree RealtyYear: 2023Scope 1: 271 tCO2eRevenue: $M 537Scope 1 Intensity: 0.50 tCO2e/$MMacerichYear: 2024Scope 1: 30,779 tCO2eRevenue: $M 918Scope 1 Intensity: 33.52 tCO2e/$MSL Green RealtyYear: 2023Scope 1: 3,991 tCO2eRevenue: $M 914Scope 1 Intensity: 4.37 tCO2e/$MRexford Industrial RealtyYear: 2024Scope 1: 21 tCO2eRevenue: $M 938Scope 1 Intensity: 0.02 tCO2e/$MPotlatchdelticYear: 2024Scope 1: 45,000 tCO2eRevenue: $M 1,062Scope 1 Intensity: 42.37 tCO2e/$MVornado Realty TrustYear: 2024Scope 1: 22,586 tCO2eRevenue: $M 1,788Scope 1 Intensity: 12.63 tCO2e/$MTangerYear: 2024Scope 1: 3,572 tCO2eRevenue: $M 526Scope 1 Intensity: 6.79 tCO2e/$MJBG SMITH PropertiesYear: 2023Scope 1: 9,462 tCO2eRevenue: $M 604Scope 1 Intensity: 15.66 tCO2e/$M

How does JBG SMITH Properties's GHG emissions intensity compare to its peers?

In 2023, JBG SMITH Properties reported a Scope 1 emissions intensity of 15.66 tCO₂e per millions USD. Compared to the peer group median of 6.79 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does JBG SMITH Properties rank on GHG emissions intensity within its industry?

In 2023, JBG SMITH Properties ranked 19 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places JBG SMITH Properties among the least efficient performers, with one of the highest emissions intensities in its sector. a

Insights into JBG SMITH Properties's Total Carbon Footprint

In 2023, JBG SMITH Properties reported a total carbon footprint of 64,725 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 22.06% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a b

The largest contributor to JBG SMITH Properties's total carbon footprint was Scope 2 emissions, accounting for 74% of the company's total carbon footprint, followed by Scope 1 emissions at 14.62%. a

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