Boston Properties (NYSE: BXP) is the largest publicly traded developer, owner, and manager of Class A office properties in the United States, concentrated in six markets — Boston, Los Angeles, New York, San Francisco, Seattle and Washington, DC. BXP is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space.
BXP's focus on sustainability and ESG makes BXP a stronger and more purposeful company. BXP remains focused on the advancement of policies, programs and projects that support sustainable development and operations and the key issues that impact its business and stakeholders, including climate change, health security and social equality. Its sustainability goals establish reduction targets for energy, GHG emissions, water consumption and waste.
BXP is committed to achieving carbon-neutral operations, or net-zero carbon dioxide equivalent emissions, which includes direct and indirect Scope 1 and Scope 2 emissions, by 2025 from its occupied and actively managed buildings where it has operational control.
PORTFOLIO-WIDE LEADERSHIP COMMITMENTS
50% GHG reductions within 10 years from a 2018 baseline
15% reduction in Energy Intensity
BXP IS PARTICIPATING IN THE FOLLOWING DOE PROGRAMS:
|Better Climate Challenge|
BXP has signed on to the Better Climate Challenge committing to a 50% reduction in GHG emissions intensity and a 15% reduction in energy use intensity across its 39.2 million square foot actively managed portfolio over 10 years. Strategies for reduction include reduction of energy usage and emissions through energy efficiency, electrification, offsetting with renewable energy, and developing on-site or off-site renewable energy and storage where viable.
|GHG Emissions Goals|
|50%Reduction in Scope 1 & 2 Emissions||Progress|