Boston Properties

Boston Properties's reported carbon emissions

Boston Properties (BXP) is committed to reducing its greenhouse gas (GHG) emissions. For the fiscal year 2024, the company reported a total GHG emission of approximately 470 million kg CO2e, encompassing Scope 1, 2, and 3 emissions. This figure includes Scope 1 emissions of about 12.6 million kg CO2e, Scope 2 emissions of approximately 80.5 million kg CO2e, and Scope 3 emissions totalling about 357.6 million kg CO2e. In terms of climate targets, BXP has set ambitious goals: * **Carbon Neutrality/Net-Zero Operations:** BXP committed to achieving carbon-neutral operations by 2025. This commitment includes direct and indirect Scope 1 and Scope 2 emissions from actively managed office buildings. The company has officially achieved this goal as of December 31, 2024. * **Intensity Reduction Targets:** * BXP aims to reduce Scope 1 and 2 GHG emissions intensity by 73.57% per square metre by 2030, using a 2018 base year. * Additionally, the company is committed to reducing Scope 3 GHG emissions from purchased goods and services, as well as downstream leased assets, by 58.14% per square metre by 2030, also from a 2018 base year. * Prior to the 2030 targets, BXP committed to reduce Scope 1 and 2 GHG emissions intensity by 39% per square metre by 2024, based on a 2018 baseline. * A further target for Scope 3 GHG emissions reduction of 14% per square metre by 2025, from a 2018 baseline, has also been established. Historically, BXP has demonstrated progress in emission reduction. For instance, as of 2020, they had already achieved an 86% reduction towards their goal of a 45% reduction in GHG emissions intensity by 2025, relative to a 2008 baseline. The emissions data and reduction targets are directly reported by Boston Properties.