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Workspace Group PLC

Common Name
Workspace Group
Country
United Kingdom
Sector
Real Estate
Industry
REIT - Office
Employees
322
Ticker
WKP
Exchange
London Stock Exchange
Description
Workspace Group plc is a real estate investment trust (REIT) specializing in the acquisition, design, development, and ownership of office buildings primarily in London. Established in 1987 through th...

Workspace Group's GHG Emissions Data Preview

In 2025, Workspace Group 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).

Workspace Group has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2025202420232022-2019
Total Scope 1
1,912a
2,248a
N/A
Total Scope 2
Market-Based
179a
166a
N/A
Location-Based
6,259a
6,470a
N/A
Total Scope 3
12,393a
15,251a
N/A
Total Scope 1 Revenue Intensity (tCO2e/$M)
7.9794a
9.6604a
N/A
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Verified Sources Behind Workspace Group’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 Workspace Group’s data sources below and access millions more through our Disclosure Search.

a. Workspace Group's Annual Report 2025

Insights into Workspace Group's Operational Emissions

In 2025, the total operational greenhouse gas (GHG) emissions of Workspace Group amounted to 8,171 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 2024, the total operational greenhouse gas (GHG) emissions of Workspace Group decreased by 6.27%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

Workspace Group's Scope 1 Emissions Over Time

20202024202509001.8 k2.7 k3.6 ktCO2e-35%-15%
  • Total Scope 1
  • Year-over-Year Change

What are Workspace Group's Scope 1 emissions?

In 2025, the total Scope 1 emissions of Workspace Group were 1,912 metric tons of CO₂ equivalent (tCO₂e).a

Has Workspace Group reduced its Scope 1 emissions over time?

Since 2020, Workspace Group's Scope 1 emissions have decreased by 44.6%, reflecting a declining long-term trend in Scope 1 emissions over time.a

Compared to the previous year (2024), Workspace Group's Scope 1 emissions decreased by 14.95%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a

What are Workspace Group's Scope 2 emissions?

In 2025, Workspace Group reported Scope 2 greenhouse gas (GHG) emissions of 179 tCO₂e using the market-based method and 6,259 tCO₂e using the location-based method.a

Has Workspace Group reduced its Scope 2 emissions over time?

Since 2020, Workspace Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 12.39%, reflecting a declining long-term trend in Scope 2 emissions over time.a

Compared to the previous year (2024), Workspace Group's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Workspace Group's emissions have plateaued with no significant change in its energy consumption footprint.a

What methodology does Workspace Group use for Scope 2 reporting?

In 2025, Workspace Group reported its Scope 2 emissions using the market-based method and using the location-based method.a

Workspace Group's Scope 2 Emissions Over Time

20202024202502 k4 k6 k8 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Workspace Group's Value Chain Emissions

In 2025, Workspace Group reported 12,393 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 2025 disclosure of Workspace Group includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2024, demonstrating consistent Scope 3 emissions reporting coverage year over year.a

Workspace Group's Scope 3 Emissions Over Time

20202024202505.5 k11 k16.5 k22 ktCO2e-28%-19%
  • Total Scope 3
  • Year-over-Year Change

What are Workspace Group's Scope 3 emissions?

In 2025, Workspace Group reported total Scope 3 emissions of 12,393 metric tons of CO₂ equivalent (tCO₂e).a

Approximately 86.42% of these emissions originated from upstream activities such as purchased goods and capital goods, while 13.58% came from downstream activities like product use, distribution, and end-of-life treatment.a

Has Workspace Group reduced its Scope 3 emissions over time?

Since 2020, Workspace Group's Scope 3 emissions have decreased by 41.09%, reflecting a declining long-term trend in Scope 3 emissions over time.a

Compared to the previous year (2024), Workspace Group's Scope 3 emissions decreased by 18.74%, highlighting the company's efforts to lower indirect emissions from its value chain.a

What categories of Scope 3 emissions does Workspace Group disclose?

In 2025, Workspace Group reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol.a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Workspace Group's Scope 3 emissions?

In 2025, the largest contributors to Workspace Group's Scope 3 emissions were:a

  • Purchased Goods and Services (Cat. 1): 5,396 tCO₂e (43.54%)
  • Capital Goods (Cat. 2): 3,974 tCO₂e (32.07%)
  • Downstream Leased Assets (Cat. 13): 1,683 tCO₂e (13.58%)

Workspace Group's Scope 3 Emissions by Categories

Downstream LeasedAssets (Cat. 13)(13.6%)Capital Goods(Cat. 2)(32.1%)Purchased Goods andServices (Cat. 1)(43.5%)

Insights into Workspace Group’s GHG Emissions Intensity Compared to Industry Peers

In 2025, Workspace Group reported Scope 1 greenhouse gas (GHG) emissions of 1,912 tCO₂e and total revenues of USD 240 millions. This translates into an emissions intensity of 7.98 tCO₂e per millions USD.a

Workspace Group's Scope 1 Emissions Intensity Compared to Peers

2050010,000200,000Scope 1 Emissions (tCO2e)501005002,00010,000Revenues (Millions of USD)Embassy Office Parks REITYear: 2025Scope 1: 14,922 tCO2eRevenue: $M 473Scope 1 Intensity: 31.57 tCO2e/$MCOPT Defense PropertiesYear: 2024Scope 1: 10,504 tCO2eRevenue: $M 753Scope 1 Intensity: 13.94 tCO2e/$MKilroy RealtyYear: 2023Scope 1: 4,765 tCO2eRevenue: $M 1,130Scope 1 Intensity: 4.22 tCO2e/$MCousins PropertiesYear: 2023Scope 1: 366 tCO2eRevenue: $M 803Scope 1 Intensity: 0.46 tCO2e/$MMapletree Pan Asia Commercial TrustYear: 2025Scope 1: 687 tCO2eRevenue: $M 677Scope 1 Intensity: 1.02 tCO2e/$MGecinaYear: 2024Scope 1: 567 tCO2eRevenue: $M 874Scope 1 Intensity: 0.65 tCO2e/$MJapan Real Estate InvestmentYear: 2024Scope 1: 2,627 tCO2eRevenue: $M 588Scope 1 Intensity: 4.47 tCO2e/$MVornado Realty TrustYear: 2024Scope 1: 22,586 tCO2eRevenue: $M 1,788Scope 1 Intensity: 12.63 tCO2e/$MAlexandria Real Estate EquitiesYear: 2024Scope 1: 108,507 tCO2eRevenue: $M 3,050Scope 1 Intensity: 35.58 tCO2e/$MNippon Building FundYear: 2024Scope 1: 3,897 tCO2eRevenue: $M 644Scope 1 Intensity: 6.05 tCO2e/$MMERLIN Properties SOCIMIYear: 2023Scope 1: 2,422 tCO2eRevenue: $M 514Scope 1 Intensity: 4.71 tCO2e/$MBXPYear: 2025Scope 1: 11,166 tCO2eRevenue: $M 3,482Scope 1 Intensity: 3.21 tCO2e/$MHudson Pacific PropertiesYear: 2023Scope 1: 13,272 tCO2eRevenue: $M 963Scope 1 Intensity: 13.79 tCO2e/$MGORYear: 2024Scope 1: 360 tCO2eRevenue: $M 96Scope 1 Intensity: 3.77 tCO2e/$MPiedmont Realty TrustYear: 2024Scope 1: 829 tCO2eRevenue: $M 570Scope 1 Intensity: 1.45 tCO2e/$MJBG SMITH PropertiesYear: 2024Scope 1: 5,040 tCO2eRevenue: $M 547Scope 1 Intensity: 9.21 tCO2e/$MSociete de la Tour EiffelYear: 2025Scope 1: 1,788 tCO2eRevenue: $M 88Scope 1 Intensity: 20.37 tCO2e/$MProdea Real Estate InvestmentYear: 2023Scope 1: 1 tCO2eRevenue: $M 187Scope 1 Intensity: 0.01 tCO2e/$MKeppel REITYear: 2024Scope 1: 2,033 tCO2eRevenue: $M 192Scope 1 Intensity: 10.59 tCO2e/$MSociete Fonciere LyonnaiseYear: 2024Scope 1: 205 tCO2eRevenue: $M 259Scope 1 Intensity: 0.79 tCO2e/$MMindspace Business Parks REITYear: 2025Scope 1: 3,378 tCO2eRevenue: $M 304Scope 1 Intensity: 11.12 tCO2e/$MKeppel DC REITYear: 2024Scope 1: 932 tCO2eRevenue: $M 228Scope 1 Intensity: 4.09 tCO2e/$MDerwent LondonYear: 2024Scope 1: 2,736 tCO2eRevenue: $M 347Scope 1 Intensity: 7.87 tCO2e/$MGreat Portland EstatesYear: 2025Scope 1: 1,534 tCO2eRevenue: $M 122Scope 1 Intensity: 12.59 tCO2e/$MWorkspace GroupYear: 2025Scope 1: 1,912 tCO2eRevenue: $M 240Scope 1 Intensity: 7.98 tCO2e/$M

How does Workspace Group's GHG emissions intensity compare to its peers?

In 2025, Workspace Group reported a Scope 1 emissions intensity of 7.98 tCO₂e per millions USD. Compared to the peer group median of 5.38, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

Where does Workspace Group rank on GHG emissions intensity within its industry?

In 2025, Workspace Group ranked 15 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a

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

Insights into Workspace Group's Total Carbon Footprint

In 2025, Workspace Group reported a total carbon footprint of 20,564 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 14.21% decrease compared to 2024, indicating progress in reducing its overall greenhouse gas output.a

The largest contributor to Workspace Group's total carbon footprint was Scope 3 emissions, accounting for 60.27% of the company's total carbon footprint, followed by Scope 2 emissions at 30.44%.a

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