Boston Properties Announces New 2025 Energy, Emissions & Water Intensity Reduction Goals in 2017 GRI-Aligned Sustainability R...
April 23 2018 - 4:15PM
Business Wire
Boston Properties, Inc. (NYSE: BXP), one of the largest public
owners and developers of office buildings in the United States, has
announced updated energy, water and greenhouse gas intensity
reduction goals for year 2025 in its GRI-aligned 2017
Sustainability Report. The Company exceeded previously announced
2020 targets three years early, and has reduced energy use
intensity by 23%, water use intensity by 26% and greenhouse gas
emissions intensity by 38% compared to a 2008 base year. The
complete report is available under the Sustainability section of
the Company’s website at www.bostonproperties.com.
“Our updated goals establish bold resource conservation targets
for the entire company and represent our ongoing efforts to work
with our stakeholders and service providers to support
environmental solutions,” said Owen D. Thomas, CEO of Boston
Properties. “We will continue to execute our sustainability
strategy by pursuing energy and water conservation measures that
have positive economic and environmental outcomes.”
For the year 2025, assuming a 2008 base year, Boston Properties
has announced the following goals:
32x25 Energy Use Reduction Goal—reduce energy use
intensity, targets a 32% reduction (kBtu/SF);
45x25 Greenhouse Gas Reduction Goal—reduce greenhouse gas
emissions intensity from energy consumption, targets a 45%
reduction (kgCO2e/SF); and
30x25 Water Use Reduction Goal—reduce water use
intensity, targets a 30% reduction (gallons/SF).
“When we hit our 2020 targets three years early, we reassessed
the performance improvement potential of our actively managed
office portfolio and development pipeline asset-by-asset,”
commented Ben Myers, Director of Sustainability for Boston
Properties. “The adoption of these new targets is an indicator of
our organizational strength, environmental leadership and capacity
to implement policies, programs and projects that complement
sustainable development and operations.”
For the sixth consecutive year, Boston Properties ranked in the
top quadrant of the Global Real Estate Sustainability Benchmark
(GRESB®) assessment, earning its sixth “Green Star”
recognition and the highest GRESB 5-star Rating. Boston
Properties ranked among the top 5% of 823 worldwide
participants in the 2017 GRESB assessment and received
Nareit’s “Most Innovative” Leader in the Light Award.
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
50.3 million square feet and consisting of 167 office properties
(including eight properties under construction), six residential
properties (including four properties under construction), five
retail properties and one hotel. The Company is one of the largest
public 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
website 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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