Boston Properties
Boston Properties, Inc., a leading real estate investment trust (REIT), is headquartered in the United States and primarily operates in major metropolitan regions such as Boston, New York, San Francisco, and Washington, D.C. Founded in 1970, the company has established itself as a prominent player in the commercial real estate sector, focusing on the development, ownership, and management of high-quality office spaces and mixed-use properties. With a portfolio that includes iconic buildings and sustainable developments, Boston Properties is recognised for its commitment to innovation and environmental stewardship. The company has achieved notable milestones, including being one of the largest publicly traded developers in the U.S. Its strategic positioning in key urban markets and dedication to excellence have solidified its reputation as a trusted leader in the industry.
DitchCarbon Score
How does Boston Properties's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Membership Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Boston Properties's score of 48 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Boston Properties's reported carbon emissions
In 2023, Boston Properties reported total carbon emissions of approximately 12000000 kg CO2e for Scope 1, 80634000 kg CO2e for Scope 2 (location-based), and 512364000 kg CO2e for Scope 3 emissions. This reflects a significant increase in Scope 3 emissions compared to previous years, indicating a growing focus on the broader impacts of their operations. Boston Properties has set ambitious climate commitments, aiming to reduce combined Scope 1 and 2 greenhouse gas emissions by 39% per square metre by 2024, using 2018 as the base year. Additionally, they are targeting a 14% reduction in Scope 3 emissions per square metre by 2025 from the same base year. These targets align with the Science Based Targets initiative (SBTi) and are designed to support the global effort to limit temperature rise to 1.5°C. The company has also committed to a more aggressive near-term target of reducing Scope 1 and 2 emissions by 73.57% per square metre by 2030, alongside a 58.14% reduction in Scope 3 emissions from purchased goods and services and downstream leased assets within the same timeframe. These initiatives demonstrate Boston Properties's dedication to sustainability and its proactive approach to addressing climate change within the real estate sector.
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| 2016 | 2017 | 2020 | 2021 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 10,839,000 | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 235,358,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 246,197,000 | 000,000,000 | - | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Boston Properties is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
