Hudson Pacific Properties

Hudson Pacific Properties's reported carbon emissions

Hudson Pacific Properties (US, Real estate services) reported a total of approximately 207.6 million kg CO2e for 2024. This comprised approximately 11.7 million kg CO2e of Scope 1 emissions and approximately 12.2 million kg CO2e of Scope 2 emissions (market-based). Scope 3 emissions accounted for the largest portion, at approximately 183.8 million kg CO2e. In 2023, total emissions were approximately 288.9 million kg CO2e, with Scope 1 at about 13.3 million kg CO2e and Scope 2 (market-based) at approximately 27.7 million kg CO2e. Scope 3 emissions were approximately 248.0 million kg CO2e. The company's total emissions in 2022 were approximately 347.2 million kg CO2e, including about 13.7 million kg CO2e for Scope 1 and roughly 32.6 million kg CO2e for Scope 2 (market-based), with Scope 3 at approximately 300.8 million kg CO2e. Hudson Pacific Properties is committed to significant emissions reductions. They aim to reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions across all operations by 50% by 2030, using a 2018 baseline. Additionally, they plan to reduce absolute Scope 3 GHG emissions from their fleet by 50% by 2030, from a 2022 baseline. Their Scope 3 strategy also includes growing their green production services offering to represent 50% of the Quixote business by 2030, measuring all material Scope 3 GHG emissions annually, setting project-specific embodied carbon reduction targets for (re)development projects, and assisting 100% of their Tier 1 critical suppliers in measuring and disclosing their Scope 1 and 2 GHG emissions by 2030. These targets have been validated by the Science Based Targets initiative (SBTi) as consistent with a 1.5°C warming pathway.