Boston Properties

Boston Properties: Carbon Emissions and Climate Commitments

Boston Properties, a US-based membership organisation services company, is actively engaged in reducing its environmental impact. For the reporting year 2024, the company reported a total of approximately 450.4 million kg CO2e. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions.

Key Emissions Data:

• 2024:
  • Total Emissions: Approximately 450.4 million kg CO2e.
  • Scope 1 Emissions: Approximately 12.6 million kg CO2e.
  • Scope 2 Emissions (Location-based): Approximately 80.5 million kg CO2e.
  • Scope 3 Emissions: Approximately 357.6 million kg CO2e, with downstream leased assets accounting for the largest portion at approximately 236 million kg CO2e.
• 2023: Total emissions were approximately 524.3 million kg CO2e, with Scope 3 emissions being a significant contributor at approximately 512.4 million kg CO2e.
• 2022: Total emissions stood at approximately 432.0 million kg CO2e.
• 2021: Total emissions were approximately 192.0 million kg CO2e.
• 2020: Total emissions were approximately 11.5 million kg CO2e. Scope 3 emissions were not disclosed for this year.
• 2016: Scope 1 and 2 emissions combined were approximately 246.2 million kg CO2e. Scope 3 emissions were not disclosed.

Climate Commitments and Reduction Targets:

Boston Properties has set ambitious targets to mitigate climate change. Notably:

• Net-Zero Operations: The company committed to achieving carbon-neutral operations, or net-zero carbon dioxide equivalent emissions, by 2025. This commitment includes direct and indirect Scope 1 and Scope 2 emissions associated with operations at actively managed office buildings. Boston Properties has officially achieved this goal as of December 31, 2024.
• Intensity Reduction: Boston Properties has set targets to reduce GHG emissions intensity. This includes a commitment to reduce Scope 1 and Scope 2 GHG emissions by 73.57% per square metre by 2030, using a 2018 base year. Additionally, Scope 3 GHG emissions from purchased goods and services and downstream leased assets are targeted for a reduction of 58.14% per square metre within the same timeframe. Previously, there was a target to reduce Scope 1 and Scope 2 GHG emissions intensity by 39% per square metre by 2024.
• Science-Based Targets: Boston Properties's targets are recognised by the Science Based Targets initiative (SBTi) as being consistent with reductions required to keep warming to 1.5°C for scopes 1 and 2. They also have an SBTi-aligned target to reduce Scope 3 GHG emissions by 14% per square metre by 2025 from a 2018 base year.

The company's climate commitments and emissions reporting are sourced from publicly available sustainability reports. Boston Properties does not cascade its data from a parent organisation.