Hudson Pacific Properties

Hudson Pacific Properties, a US-based real estate services company, reported total emissions of approximately 207.6 million kg CO2e in 2024. This figure includes Scope 1 emissions of approximately 11.65 million kg CO2e, market-based Scope 2 emissions of approximately 12.18 million kg CO2e, and Scope 3 emissions of approximately 183.78 million kg CO2e. In 2023, the company's total emissions were approximately 288.88 million kg CO2e, comprising Scope 1 emissions of approximately 13.27 million kg CO2e, market-based Scope 2 emissions of approximately 27.66 million kg CO2e, and Scope 3 emissions of approximately 247.95 million kg CO2e. This marks a reduction in total emissions year-on-year.

Hudson Pacific Properties has committed to several climate targets. The company aims to reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions across all operations by 50% by 2030, using a 2018 baseline. Additionally, the company plans to reduce absolute Scope 3 GHG emissions from its fleet by 50% by 2030, from a 2022 baseline. Hudson Pacific Properties also intends to measure all material Scope 3 GHG emissions annually, including embodied carbon in all (re)development and major repositioning projects, and requires all such projects to set specific embodied carbon reduction targets. Furthermore, they are committed to helping 100% of their Tier 1 critical suppliers measure and disclose their Scope 1 and 2 GHG emissions by 2030.

The company's targets, covering Scope 1 and Scope 2 GHG emissions, have been approved by the Science Based Targets initiative (SBTi) as consistent with reductions required to keep warming to 1.5°C. These SBTi targets were approved using a streamlined validation route for small and medium-sized enterprises (SMEs).