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BXP Releases 2023 Sustainability & Impact Report

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BXP, the largest developer of premier workplaces in the US, released its 2023 Sustainability & Impact Report. Highlights include carbon-neutrality target by 2025, retrocommissioning 9M sq ft for energy optimization, new solar generation capacity, $750M Green Bonds issuance, and climate tech investment. The report emphasizes sustainability, social impact, and governance, showcasing BXP's commitment to measurable impact and positive outcomes for stakeholders.
BXP, il più grande sviluppatore di spazi di lavoro di prima qualità negli Stati Uniti, ha pubblicato il suo Rapporto sulla Sostenibilità e Impatto del 2023. I punti salienti includono l'obiettivo di neutralità carbonica entro il 2025, la retrocommissione di 9 milioni di piedi quadrati per l'ottimizzazione energetica, nuove capacità di generazione solare, emissione di Obbligazioni Verdi per 750 milioni di dollari e investimenti in tecnologie per il clima. Il rapporto pone l'accento sulla sostenibilità, l'impatto sociale e la governance, dimostrando l'impegno di BXP a risultati misurabili e positivi per gli stakeholder.
BXP, el mayor desarrollador de espacios de trabajo de primera calidad en los Estados Unidos, lanzó su Informe de Sostenibilidad e Impacto de 2023. Los aspectos más destacados incluyen el objetivo de neutralidad de carbono para 2025, la recomisión de 9 millones de pies cuadrados para la optimización energética, nuevas capacidades de generación solar, la emisión de $750M en Bonos Verdes e inversión en tecnología climática. El informe enfatiza la sostenibilidad, el impacto social y la gobernabilidad, demostrando el compromiso de BXP con impactos medibles y resultados positivos para los stakeholders.
BXP, 미국 최대 프리미어 워크플레이스 개발업체가 2023년 지속 가능성 및 영향 보고서를 발표했습니다. 주요 내용으로는 2025년까지 탄소 중립 목표, 에너지 최적화를 위한 9백만 평방피트 재조정, 새로운 태양광 발전 용량, 7억 5천만 달러 규모의 그린 본드 발행, 그리고 기후 기술 투자가 포함됩니다. 보고서는 지속가능성, 사회적 영향, 그리고 거버넌스를 강조하며, BXP의 측정 가능한 영향과 이해관계자를 위한 긍정적인 결과에 대한 약속을 보여줍니다.
BXP, le plus grand développeur de lieux de travail de premier choix aux États-Unis, a publié son Rapport de Durabilité et d'Impact 2023. Les points forts incluent l'objectif de neutralité carbone d'ici 2025, la rétrocommission de 9 millions de pieds carrés pour l'optimisation énergétique, la nouvelle capacité de génération solaire, l'émission de 750 millions de dollars d'Obligations Vertes et l'investissement dans les technologies climatiques. Le rapport met l'accent sur la durabilité, l'impact social et la gouvernance, témoignant de l'engagement de BXP envers des impacts mesurables et des résultats positifs pour les parties prenantes.
BXP, der größte Entwickler von erstklassigen Arbeitsplätzen in den USA, hat seinen Nachhaltigkeits- und Wirkungsbericht 2023 veröffentlicht. Zu den Höhepunkten zählen das Ziel der Kohlenstoffneutralität bis 2025, die Retrokommissionierung von 9 Millionen Quadratfuß zur Energieoptimierung, neue Solarenergiekapazitäten, die Ausgabe von 750 Millionen Dollar an grünen Anleihen und Investitionen in Klimatechnologie. Der Bericht betont Nachhaltigkeit, soziale Auswirkungen und Governance und zeigt BXP’s Engagement für messbare Auswirkungen und positive Ergebnisse für die Stakeholder.
Positive
  • BXP remains on track to achieve carbon-neutral operations by 2025
  • Retrocommissioned 9 million square feet of portfolio for energy performance optimization
  • Executed a power purchase agreement for 21 MW of new solar generation capacity
  • Issued an additional $750 million of Green Bonds
  • Increased efforts in advancing built-environment climate technology through investment with Energy Impact Partners
  • Recognized for Best ESG Program by Commercial Property Executive
  • Named an ENERGY STAR Partner of the Year - Sustained Excellence Award winner
  • Recognized as a Platinum-level Green Lease Leader by the Institute for Market Transformation and the US Department of Energy
  • Received Nareit's Leader in the Light Award
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BOSTON--(BUSINESS WIRE)-- BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, today announced the release of BXP’s 2023 Sustainability & Impact Report.

2023 highlights include:

  • Remaining on track to achieve carbon-neutral operations by 2025
  • Managing transition risks and building performance standard compliance, retrocomissioning 9 million square feet of our portfolio to optimize energy performance
  • Executing a power purchase agreement for an additional 21 MW of new solar generation capacity as a component of our strategy to reduce carbon emissions
  • Issuing an additional $750 million of “Green Bonds” in our sixth Green Bond offering
  • Increasing efforts to advance built-environment climate technology through continued engagement and investment with Energy Impact Partners

“Sustainability is core to our strategy and operations,” said Owen Thomas, Chairman & CEO, BXP. “Our focus on measurable impact drives our performance, and I am proud of our continued leadership in producing positive outcomes for our community of stakeholders.”

“Our efforts to improve energy efficiency, decarbonize operations, benchmark and certify performance, control expenses, and serve clients, while navigating an emerging landscape of disclosure requirements, codes, and performance standards, contribute directly to BXP’s success,” said Ben Myers, SVP, Sustainability, BXP.

BXP’s 2023 Sustainability & Impact Report provides details on BXP’s approach, goals, key performance indicators, leadership, and reporting methodologies related to sustainability, social impact, and governance. The complete report is available under the Commitment section of our website at www.bxp.com.

BXP will host its third annual Sustainability & Impact Investor Update on Wednesday, May 15, 2024 at 2:00 PM Eastern Time. The webcast will be hosted by Doug Linde, President, BXP, and Ben Myers. The webcast will be accessible in the Investors section of our website at www.bxp.com.

BXP’s commitment to sustainability and impact has been recognized by numerous industry groups and rankings. BXP was recently recognized for Best ESG Program by Commercial Property Executive and was again named an ENERGY STAR Partner of the Year - Sustained Excellence Award winner, as well as a Best in Building Health winner by the Center for Active Design. BXP was recognized as an inaugural Platinum-level Green Lease Leader by the Institute for Market Transformation and the U.S. Department of Energy and was the recipient of Nareit’s prestigious Leader in the Light Award.

About BXP

BXP (NYSE: BXP) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets - Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years. BXP is a fully integrated real estate company, organized as a real estate investment trust (REIT). As of December 31, 2023, including properties owned by unconsolidated joint ventures, BXP’s portfolio totaled 53.3 million square feet and 188 properties, including 10 properties under construction/redevelopment. For more information, please visit our website at www.bxp.com or follow us on LinkedIn or Instagram.

This press release contains forward-looking statements within the meaning of the Federal securities laws. You can identify these statements by our use of the words “will,” “expects,” “intends” and similar expressions that do not relate to historical matters. These statements are based on our current plans, expectations, projections and assumptions about future events. You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks, trends, uncertainties and other factors which are, in some cases, beyond BXP’s control and could materially affect actual results, performance or achievements. These factors include, without limitation, BXP’s ability to achieve its goal referenced above on time or at all, and other risks and uncertainties detailed from time to time in BXP’s filings with the SEC. BXP does not undertake a duty to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

At BXP



Laura Sesody

Senior Vice President, Corporate Marketing & Communications

lsesody@bxp.com



Helen Han

Vice President, Investor Relations

hhan@bxp.com

Source: BXP

FAQ

What is BXP's carbon-neutrality target year?

BXP aims to achieve carbon-neutral operations by 2025.

How much square footage did BXP retrocommission for energy performance optimization?

BXP retrocommissioned 9 million square feet of their portfolio.

What type of agreement did BXP execute for new solar generation capacity?

BXP executed a power purchase agreement for 21 MW of new solar generation capacity.

How much did BXP issue in Green Bonds?

BXP issued an additional $750 million in Green Bonds.

What is BXP's focus in advancing climate technology?

BXP increased efforts in advancing built-environment climate technology through investment with Energy Impact Partners.

What award was BXP recently recognized for by Commercial Property Executive?

BXP was recognized for Best ESG Program by Commercial Property Executive.

Which institute awarded BXP a Platinum-level Green Lease Leader designation?

The Institute for Market Transformation and the US Department of Energy awarded BXP a Platinum-level Green Lease Leader designation.

What award did BXP receive from Nareit?

BXP received Nareit's Leader in the Light Award.

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About BXP

boston properties, inc. (the "company"), a self-administered and self-managed real estate investment trust (reit), is one of the largest owners, managers, and developers of first-class office properties in the united states, with a significant presence in four markets: boston, new york, san francisco, and washington, dc. the company was founded in 1970 by mortimer b. zuckerman and edward h. linde in boston, where it maintains its headquarters. boston properties became a public company in june 1997. the company acquires, develops, and manages its properties through full-service regional offices. its property portfolio is comprised primarily of first-class office space, one hotel, two residential properties and five retail properties. boston properties is well-known for its in-house building management expertise and responsiveness to tenants' needs. the company holds a superior track record in developing premium central business district (cbd) office buildings, suburban office centers