Energy Efficiency, GHG Emissions, Sourcing Renewables - January 5, 2021
Kilroy Realty achieves carbon-neutral operations
Kilroy Realty Corporation (KRC), a West Coast landlord and developer, announced Jan. 4 that it achieved carbon-neutral operations at the end of 2020. In 2018, the company was the first North American real estate investment trust to make a commitment to achieve carbon-neutral operations and it accomplished its goal. These efforts fully addressed Scope 1 and 2 greenhouse gas emissions associated with the operations of KRC’s buildings.
“In 2018, I committed our company to reach carbon-neutral operations by the end of 2020 and we have kept that promise,” John Kilroy, chairman and CEO of KRC, said in a statement. “This achievement demonstrates that real-estate companies can and should thrive while being excellent stewards of the environment.”
The company focused on the following strategies to achieve carbon-neutral operations:
- Energy efficiency, reducing energy use by approximately 18% from 2010 levels
- Onsite renewables, installing solar PV on 15 of its properties
- Offsite renewables, entering into an agreement for a large offsite solar array that will fully address the electricity consumption of its properties and procuring 100% Green-e certified power from several energy providers
- RECs, purchasing RECs to convert to 100% renewable electricity across all properties
- Carbon offsets, using verified emission reduction credits to offset the remainder of the company’s greenhouse gas emissions
KRC will continue to achieve annual carbon-neutral operations, effectively decoupling its carbon emissions from the company’s growth or from changes in the operation of its properties, such as those due to COVID-19. The company is now focusing on reducing its Scope 3 emissions through strategic management of the carbon emissions associated with its construction materials as well as emissions associated with tenant energy use.