Commercial, Energy Efficiency, GHG Emissions  -  April 26, 2018

Boston Properties exceeds 2020 targets, aims for 2025

After exceeding 2020 targets, Boston Properties announced updated energy, water, and GHG intensity reduction goals for 2025. The company reached its 2020 targets three years early, including reducing energy use intensity by 23%, water intensity by 26%, and GHG emissions intensity by 38% compared to a 2008 base year.

Upon the release of the company’s 2017 Sustainability Report, Owen D. Thomas, CEO of Boston Properties, said, "Our updated goals establish bold resource conservation targets for the entire company and represent our ongoing efforts to work with our stakeholders and service providers to support environmental solutions."  He added, "We will continue to execute our sustainability strategy by pursuing energy and water conservation measures that have positive economic and environmental outcomes."

Boston Properties has announced the following goals for 2025, which assume a 2008 base year:

• 32x25 Energy Use Reduction Goal—reduce energy use intensity, targets a 32% reduction (kBtu/SF)
• 45x25 Greenhouse Gas Reduction Goal—reduce greenhouse gas emissions intensity from energy consumption, targets a 45% reduction (kgCO2e/SF); and
• 30x25 Water Use Reduction Goal—reduce water use intensity, targets a 30% reduction (gallons/SF).

"When we hit our 2020 targets three years early, we reassessed the performance improvement potential of our actively managed office portfolio and development pipeline asset-by-asset," commented Ben Myers, director of sustainability for Boston Properties. “The adoption of these new targets is an indicator of our organizational strength, environmental leadership, and capacity to implement policies, programs, and projects that complement sustainable development and operations."

Boston Properties is a fully integrated real estate investment trust that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of primarily Class A office space totaling 50.3 million square feet and consisting of 167 office properties (including eight properties under construction), six residential properties (including four properties under construction), five retail properties and one hotel.

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