Kilroy Realty Unveils Fourteenth Annual Sustainability Report with Bold 2030 Goals
Kilroy Realty Corporation, a premier U.S. real estate investment trust known for its forward-thinking sustainability practices, has released its fourteenth annual Sustainability Report. In this comprehensive document, Kilroy not only highlights its ongoing environmental, social, and governance (ESG) accomplishments but also introduces a robust new framework of 2030 Sustainability Goals to guide its efforts over the next five years.
This year’s report reaffirms Kilroy’s longstanding position as a sustainability leader in the commercial real estate sector. With operations spanning San Diego, Los Angeles, the San Francisco Bay Area, Seattle, and Austin, Kilroy continues to prioritize sustainability as a strategic driver of value, resilience, and innovation across its portfolio.
Setting the Course: 2030 Sustainability Goals
In a clear demonstration of its continued commitment to responsible development and operations, Kilroy’s new 2030 Sustainability Goals cover a broad spectrum of environmental and social priorities. These include carbon reduction, energy efficiency, green building certifications, and greater alignment between operational goals and community impact. These targets aim to reinforce Kilroy’s leadership in climate responsibility while ensuring meaningful progress in areas such as health, wellness, equity, and diversity.
Kilroy’s leadership views these goals not just as benchmarks but as part of a larger corporate mission. “Over the past year, we have taken meaningful strides to more deeply embed sustainability into our strategy and operations,” stated Angela Aman, Kilroy’s Chief Executive Officer. “Successful execution of sustainability efforts requires innovation, leadership, and most importantly, collaboration between colleagues across the entire organization. At Kilroy, sustainability remains an important part of our mission and helps drive value for our tenants, employees, communities, and shareholders.”
2024 Sustainability Milestones and Industry Recognition
In addition to setting forward-looking objectives, the 2024 report proudly details Kilroy’s most recent accomplishments across a variety of sustainability benchmarks:
- ENERGY STAR Partner of the Year (11th Consecutive Year)
Kilroy once again earned this prestigious recognition, reflecting its long-term dedication to reducing energy use in buildings through strategic investments and operational excellence. - ENERGY STAR Sustained Excellence Award (9th Consecutive Year)
Demonstrating leadership beyond simple compliance, this honor underscores Kilroy’s proactive approach to efficiency and its enduring commitment to best practices in building operations. - Green Lease Leaders “Champion of the Decade”
This award highlights Kilroy’s influence in aligning tenant-landlord lease agreements with sustainability objectives—a major advancement in achieving building-wide environmental goals. - Five-Star GRESB Rating
Kilroy received a five-star designation in the 2024 GRESB Real Estate Assessment for both its Standing Assets and Development Portfolio, reinforcing its global leadership in ESG transparency and performance. - Top 100 U.S. EPA Green Power Partnership
Continuing its emphasis on clean energy, Kilroy retained its spot on this prestigious list, which recognizes the country’s largest purchasers of renewable power.
Carbon Neutral Operations and Green Design
One of Kilroy’s most impressive sustainability credentials is its ongoing achievement of carbon-neutral operations, which it has maintained across its entire portfolio since 2020. This includes eliminating or offsetting emissions related to building energy use and ensuring that every square foot under management adheres to high environmental standards.
Kilroy has long championed LEED, Fitwel, and ENERGY STAR certifications, and remains committed to maintaining and expanding these standards across new developments and retrofits. These efforts not only improve building performance but also enhance occupant well-being—especially critical in today’s environmentally conscious real estate market.
In fact, sustainability has become a differentiator in Kilroy’s value proposition. As more tenants prioritize ESG metrics in site selection, Kilroy’s green-certified buildings offer a compelling, future-ready platform.
Commitment to People and Communities
Beyond environmental measures, Kilroy’s report emphasizes the company’s social responsibility, focusing on both internal culture and external community impact. The company fosters an inclusive and diverse workplace where employee well-being, development, and engagement are top priorities.
From programs aimed at promoting physical and mental health to career advancement initiatives, Kilroy seeks to empower its workforce while reflecting the values of the communities it serves. This culture of support extends to the company’s philanthropic outreach and volunteer programs, which create meaningful connections with local organizations and reinforce Kilroy’s presence as a responsible community partner.
Kilroy’s Real Estate Footprint and Project Pipeline
As of December 31, 2024, Kilroy’s stabilized portfolio encompassed approximately 17.1 million square feet, primarily composed of office and life science space. These assets were 82.8% occupied and 84.9% leased, indicating strong market demand and tenant loyalty.
The company also manages approximately 1,000 residential units in Hollywood and San Diego, with a quarterly average occupancy rate of 92.2%—a testament to Kilroy’s ability to integrate residential elements into mixed-use environments.
In terms of future development, Kilroy has:
- Two life science redevelopment projects totaling 100,000 square feet, currently in the tenant improvement phase, with total estimated costs of $80 million.
- One major development under construction totaling approximately 875,000 square feet, with a projected investment of $1.0 billion.
These projects incorporate advanced sustainability features and are aligned with the company’s broader ESG strategy, ensuring that new spaces are not only innovative but environmentally responsible.
Sustainability as a Strategic Imperative
With over seven decades of experience in real estate development, acquisition, and management, Kilroy has established itself as a pioneer in sustainable design and construction. Its legacy of innovation continues through its integration of ESG factors into decision-making at every level—from the boardroom to the construction site.
By embedding sustainability into its operational DNA, Kilroy positions itself to not only meet regulatory and investor expectations but also to shape a healthier, more efficient built environment for decades to come.
The 2024 Sustainability Report and new 2030 Goals underscore Kilroy’s unwavering commitment to leading the industry through transparency, accountability, and ambition.
