Boston – Boston Properties, Inc. (BXP), a national developer, owner, and manager of Class A office properties, announced several milestones that reinforce the company’s longstanding focus on environmental, social, and governance (ESG) issues.
As part of its 2020 ESG report, the company announced it has:
- Committed to achieving carbon-neutral operations by 2025. Approximately one-third of its total carbon reduction is expected to be the result of energy conservation and more efficient operations. The company will develop onsite renewable energy systems, off-site renewable energy procurement, and voluntarily transition to 100% renewable green tariffs and community choice aggregation programs. In addition, it will study and strive to replace onsite gas-fired systems at the end of useful life. To the extent it is necessary, remaining emissions will be offset during the transition to carbon-free energy.
- Established a sustainability committee of its board of directors to increase board oversight of sustainability issues.
- Launched a diversity & inclusion committee with the mission of promoting diversity, equity, inclusion, and transparency.
- Earned a 2020 Best in Building Health award and has completed Fitwel’s Viral Response Module enterprise certification.
“ Focusing on ESG is both the right and smart thing for us to do,” said Owen Thomas, CEO, BXP. “The important role of real estate companies in addressing the climate crisis and the opportunities for BXP to provide leadership has never been more evident. Today’s announcement reinforces our ongoing dedication to advancing our efforts in the areas where we can have the greatest impact including energy use, carbon neutrality, climate resilience, diversity and inclusion, health security, and community engagement.”
