BXP Releases 2021 Environmental, Social & Governance (ESG) Report
Report Details KPIs, Progress Towards BXP’s ESG Goals, and Continued Focus on Strategic Climate Action, Climate Resilience, Diversity & Inclusion, Healthy Buildings, and Community Engagement
2021 Highlights include:
- Remaining on track to achieve carbon-neutral operations by 2025
- Increasing Board oversight through a dedicated Sustainability Committee
- Executing on actionable diversity & inclusion initiatives and goals
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Issuing an aggregate of
$1.7 billion of “Green Bonds” - Adding a sustainability-linked pricing component tied to the achievement of green building certification targets to a credit facility
“BXP’s commitment to ESG extends throughout our operations and is a key factor driving our decisions, making us a more purposeful organization,” said
Carbon-Neutral Operations
In 2021, BXP committed to achieving carbon-neutral operations from its occupied and actively managed buildings by 2025 and remains on track to meet this goal. Progress toward the goal includes maintaining energy efficient operations, increasing renewable power to 70% of total procurement, and reducing Scope 1 and 2 greenhouse gas emissions intensity 80% below a 2008 base year. BXP had previously established an emissions reduction target ambition in line with a 1.5°C trajectory, the most ambitious designation available at the time of submission under the Science Based Targets initiative, making BXP the only North American office company to earn this distinction by 2020.
Board Oversight
In 2021, BXP’s dedicated Sustainability Committee of the Board of Directors was formed to assist the Board of Directors in its risk oversight responsibilities. The Sustainability Committee also serves as a direct resource to management by imparting information, knowledge, and ideas related to environmental sustainability matters, including best practices, developing trends, and potential issues. Key focus areas of the committee in 2021 were climate risk scenario analysis and alignment with the recommendations of the
Diversity & Inclusion
BXP’s
Leadership in Healthy Buildings
BXP continued and expanded its alignment with Fitwel, the world’s leading healthy building certification system. BXP was named a 2022 Best in
“These last couple of years have highlighted the need for leadership from real estate in addressing some of the greatest challenges of our time: the climate crisis, health security, and social justice,” said
BXP’s 2021 ESG Report provides details on BXP’s ESG approach, goals, key performance indicators, leadership, and reporting methodologies related to environmental impact, social impact, and governance. The complete report is available under the Commitment section of bxp.com.
About BXP ESG
BXP’s commitment to ESG leadership has been recognized by numerous industry groups and rankings, including BXP’s recent inclusion as #4 on the 2021 Forbes Green Growth 50 list and #3 on Barron’s 10 Most Sustainable
About BXP
View source version on businesswire.com: https://www.businesswire.com/news/home/20220421006072/en/
At the Company
Vice President, Corporate Marketing & Communication
lsesody@bxp.com
Vice President, Investor Relations
hhan@bxp.com
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