Awarded the Highest 5-Star Rating, Twelfth
Consecutive “Green Star” Recognition, and an “A” Level Disclosure
Score
BXP (NYSE: BXP), the largest publicly traded developer, owner,
and manager of premier workplaces in the United States, today
announced that it has earned top ESG ratings in the 2023 GRESB®
assessment. BXP achieved second place within its Development Peer
Group, third place in its Standing Investments Peer Group, and
fourth overall among U.S. listed participants. BXP achieved the
highest scores in several categories, including Data Monitoring
& Review, Leadership, Targets, Policies, Reporting, and
Stakeholder Engagement. BXP has been a top GRESB performer for over
a decade, earning a twelfth consecutive “Green Star” recognition,
the highest GRESB 5-star Rating, and an “A” level disclosure
score.
“Taking action on sustainability is not just the right thing to
do, it’s the smart thing to do,” said Owen Thomas, Chairman &
CEO, BXP. “Our thoughtful approach to climate action and resilience
strengthens our business, protects asset value, and aligns with our
clients, partners, employees, and communities.”
BXP actively works to promote its growth and operations in a
sustainable and responsible manner and is a recognized leader in
green building. BXP has LEED-certified approximately 34 million
square feet of its current in-service portfolio, with 94% certified
at the highest LEED Gold and Platinum levels. BXP has publicly
announced sustainability goals, remains on track to achieve
carbon-neutral operations by 2025, and achieved its energy and
water reduction targets in 2022.
“We’ve always been green walkers, not talkers, focused on
sustainable outcomes and impact,” said Ben Myers, Senior Vice
President of Sustainability, BXP. “Our leadership is the result of
BXP team members across the organization looking, walking, and
sometimes running forward with purpose. Through the responsible
development, management, and operation of premier workplaces, BXP
will continue to create positive economic, social, and
environmental outcomes with our partners and key stakeholders.”
The GRESB Real Estate Assessment is the investor-driven global
ESG benchmark and reporting framework for real estate. The
Assessment is shaped by what investors and the industry consider to
be material issues in the sustainability performance of real estate
investments. The methodology is consistent across different
regions, investment vehicles, and property types, and aligns with
international reporting frameworks. The data is self-reported by
Assessment participants and subjected to a multi-layer validation
process after which it is scored and benchmarked. The result is
high-quality data that investors and participants can use in their
investment, engagement, and decision-making processes.
About BXP Sustainability & Impact BXP’s commitment to
environmental, social, and governance performance has been
recognized by numerous industry groups and rankings. BXP was named
to Newsweek’s List of America’s Most Responsible Companies in 2023,
ranking first in its industry and 29th overall out of the 500
companies included on the list. BXP was recently recognized for
Best ESG Program by Commercial Property Executive and was again
named an ENERGY STAR Partner of the Year - Sustained Excellence
Award winner, as well as a Best in Building Health winner by the
Center for Active Design. BXP was recognized as an inaugural
Platinum-level Green Lease Leader by the Institute for Market
Transformation and the U.S. Department of Energy and was the
recipient of Nareit’s prestigious Leader in the Light Award.
About BXP BXP (NYSE: BXP) is the largest publicly traded
developer, owner, and manager of premier workplaces in the United
States, concentrated in six markets - Boston, Los Angeles, New
York, San Francisco, Seattle, and Washington, DC. BXP is a fully
integrated real estate company, organized as a real estate
investment trust (REIT), with more than 50 years of experience
developing, owning, managing, and acquiring exceptional properties
in dynamic gateway markets. As of June 30, 2023, including
properties owned by unconsolidated joint ventures, BXP’s portfolio
totaled 54.1 million square feet and 191 properties, including 13
properties under construction/redevelopment. For more information,
please visit our website at www.bxp.com or follow us on LinkedIn or
Instagram.
This press release contains forward-looking statements within
the meaning of the Federal securities laws. You can identify these
statements by our use of the words “will,” “expects,” “intends,”
“goals,” “commit,” and similar expressions that do not relate to
historical matters. You should exercise caution in interpreting and
relying on forward-looking statements because they involve known
and unknown risks, uncertainties and other factors which are, in
some cases, beyond BXP’s control. Should one or more of these known
or unknown risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may differ materially
from those expressed or implied by the forward-looking statements.
These factors include, without limitation, with respect to BXP’s
ability to successfully meet its goals, targets, and commitments
(including within the expected timeframe): changes in laws,
regulations, prevailing standards or public policy, the alignment
of the scientific community on measurement and reporting
approaches, the complexity of commodity supply chains and the
evolution of and adoption of new technology, including traceability
practices, tools and processes, evolving sustainability strategies,
changes in carbon and renewable energy markets, and other changes
in circumstances, and other risks and uncertainties detailed from
time to time in BXP’s filings with the SEC. BXP does not undertake
a duty to update or revise any forward-looking statement, whether
as a result of new information, future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20231017868871/en/
At BXP Laura Sesody Senior Vice President, Corporate
Marketing & Communications lsesody@bxp.com
Helen Han Vice President, Investor Relations hhan@bxp.com
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