Boston Properties Announces Early Achievement of Energy, Emissions & Water Intensity Reduction Goals in 2016 GRI-Aligned Sust...
April 18 2017 - 4:01PM
Business Wire
Boston Properties, Inc. (NYSE: BXP), a leading property
developer, owner and manager, has announced, in its GRI-aligned
2016 Sustainability Report, the early achievement of energy, water
use and greenhouse gas emission intensity reduction goals. The
Company has exceeded 2020 targets by reducing energy use intensity
19.8%, water use intensity 21.8% and greenhouse gas emissions
intensity 31.5% below a 2008 base year. The complete report is
available under the Sustainability section of the Company’s website
at www.bostonproperties.com.
“We are extremely proud to announce the achievement of our
energy, emissions and water goals three years ahead of schedule,”
said Owen Thomas, CEO of Boston Properties. “In 2016
we executed our sustainability strategy by implementing
policies, programs and projects that advanced our commitment
to sustainable development and operations. Through our efforts, we
demonstrated that developing and operating commercial
real estate can be conducted with a conscious regard for the
environment and our communities while mutually
benefitting our tenants and shareholders.”
For the fifth consecutive year, Boston Properties ranked in the
top quadrant of the Global Real Estate Sustainability Benchmark
(GRESB®) assessment, earning a fifth “Green Star”
recognition and the highest GRESB 5-star Rating. Boston
Properties placed 36th out of 733 companies—among the top 5%
of worldwide participants in the 2016 GRESB assessment and
second among U.S. office companies.
“As responsible stewards of the built environment, we are
continuously evaluating and implementing measures that reduce
operating costs and protect asset value while maintaining our focus
on long-term prosperity,” commented Ben Myers, Sustainability
Manager for Boston Properties. “We are intelligently managing
operational energy use in real-time with interval data and robust
energy management systems. As long-term owners and active managers,
we approach the capital planning and new development processes by
investing in high-performance mechanical equipment, lighting,
thermal envelope assemblies and renewable energy systems. Our
portfolio of green buildings continues to grow, and we are
increasingly focused on the engagement of tenants to promote a more
sustainable landlord-tenant relationship. We will consider the
establishment of new, forward-looking goals that build upon our
progress to date.”
Boston Properties is a fully integrated real estate investment
trust that develops, redevelops, acquires, manages, operates and
owns a diverse portfolio of primarily Class A office space totaling
47.7 million square feet and consisting of 164 office properties
(including six properties under construction), five retail
properties, four residential properties (including two properties
under construction) and one hotel. The Company is one of the
largest owners and developers of Class A office properties in the
United States, concentrated in five markets—Boston, Los Angeles,
New York, San Francisco and Washington, DC.
For more information about Boston Properties, please visit our
web site at www.bostonproperties.com.
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Boston Properties, Inc.Michael LaBelle, 617-236-3352Executive
Vice PresidentChief Financial OfficerorArista Joyner,
617-236-3343Investor Relations Manager
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