Boston Properties

Boston Properties reported total emissions of approximately 450.8 million kg CO2e in 2024. This included Scope 1 emissions of 12.6 million kg CO2e, Scope 2 (location-based) emissions of 80.5 million kg CO2e, and Scope 3 emissions of 357.6 million kg CO2e. Key Scope 3 categories included downstream leased assets (236.0 million kg CO2e), fuel and energy-related activities (38.1 million kg CO2e), and purchased goods and services (16.4 million kg CO2e).

The company has set several ambitious climate commitments. Boston Properties aims to achieve carbon-neutral operations for Scope 1 and Scope 2 emissions by 2025, a goal they officially achieved as of December 31, 2024. They have also committed to reducing Scope 1 and Scope 2 GHG emissions intensity by 73.57% per kg CO2e/m2 by 2030, using a 2018 baseline. Additionally, Boston Properties targets a 58.14% reduction in Scope 3 GHG emissions from purchased goods and services and downstream leased assets per m2 by 2030, also from a 2018 base year. These near-term targets for Scope 1 and 2 emissions are consistent with reductions required to limit warming to 1.5°C, as validated by the Science Based Targets initiative (SBTi). The company has also committed to long-term net-zero targets across all scopes by 2050, as recognised by the SBTi.