Hudson Pacific Issues 2022 Corporate Responsibility Report
May 18 2023 - 8:00AM
Business Wire
Better Blueprint program continues to lead
industry with sustainability, health and equity achievements, while
setting bold new goals
Hudson Pacific Properties, Inc. (NYSE: HPP), a unique
provider of end-to-end real estate solutions for tech and media
tenants, today published its Corporate Responsibility Report for
the 2022 calendar year. The report outlines achievements and future
goals that further establish Hudson Pacific as a leader in
corporate responsibility through its Better Blueprint program.
Highlights include ranking #1 amongst office companies in the
Americas in the Global Real Estate Sustainability Benchmark (GRESB)
Real Estate Assessment, winning Nareit’s Office Leader in the Light
Award and inclusion in the Bloomberg Gender-Equality Index.
“The strength of our Better Blueprint program is a key
differentiator for Hudson Pacific as we navigate the dynamic market
conditions facing our industry,” said Victor Coleman, Chairman and
CEO of Hudson Pacific. “As tenants and investors continue to
prioritize sustainably built and operated properties with a focus
on employee wellness and social impact, our leadership in corporate
responsibility continues to create significant long-term value for
our stakeholders.”
“We are incredibly proud of our accomplishments to date,
including milestones like being one of the first large real estate
companies to achieve carbon neutrality,” said Natalie Teear, Senior
Vice President, Innovation, Sustainability and Social Impact for
Hudson Pacific. “Now we are doubling down on our commitment to
building vibrant, thriving urban spaces and places for the long
term. We have streamlined our objectives to align around a new
HPPx2030 vision, which includes ambitious targets to reduce our
climate impact, grow our portfolio of green products and services,
make innovative community investments, and diversify representation
of women and people of color in management roles.”
The HPPx2030 vision includes:
- 100% carbon neutral and 100% renewable electricity in
operations for 10 consecutive years
- 50% absolute reduction in Scope 1 and 2 GHG emissions from
operations, without offsetting instruments (2018 baseline)
- 50% absolute reduction in energy and water used in operations
(2019 baseline)
- Zero waste—meaning a 90% or higher landfill diversion rate—in
operations
- 90% LEED, 80% Fitwel, 75% ENERGY STAR in-service office
portfolio
- 50% absolute reduction in Scope 3 GHG emissions from production
vehicles and other transportation assets (2022 baseline)
- 50% of production services business will come from the “Verde”
offering of green production vehicles and other transportation
assets
- >1% of adjusted net earnings donated annually for 10
consecutive years
- $20+ million invested in innovative solutions to homelessness
and housing affordability
- Equal representation of women in management (director and
above), and 100% increase in representation of Black,
Hispanic/Latino, and/or Asian employees in management (2021
baseline)
- >15% of contractors on-site at all (re)development projects
diverse and/or local
The full 2022 Corporate Responsibility Report is available on
Hudson Pacific’s website.
About Hudson Pacific Properties
Hudson Pacific Properties (NYSE: HPP) is a real estate
investment trust serving dynamic tech and media tenants in global
epicenters for these synergistic, converging and secular growth
industries. Hudson Pacific’s unique and high-barrier tech and media
focus leverages a full-service, end-to-end value creation platform
forged through deep strategic relationships and niche expertise
across identifying, acquiring, transforming and developing
properties into world-class amenitized, collaborative and
sustainable office and studio space. For more information visit
HudsonPacificProperties.com.
Forward-Looking Statements
This press release may contain forward-looking statements within
the meaning of the federal securities laws. Forward-looking
statements relate to expectations, beliefs, projections, future
plans and strategies, anticipated events or trends and similar
expressions concerning matters that are not historical facts. In
some cases, you can identify forward-looking statements by the use
of forward-looking terminology such as "may," "will," "should,"
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words and phrases or similar words or phrases that are predictions
of or indicate future events, or trends and that do not relate
solely to historical matters. Forward-looking statements involve
known and unknown risks, uncertainties, assumptions and
contingencies, many of which are beyond the company's control,
which may cause actual results to differ significantly from those
expressed in any forward-looking statement. All forward-looking
statements reflect the company's good faith beliefs, assumptions
and expectations, but they are not guarantees of future
performance. Furthermore, the company disclaims any obligation to
publicly update or revise any forward-looking statement to reflect
changes in underlying assumptions or factors, of new information,
data or methods, future events or other changes. For a further
discussion of these and other factors that could cause the
company's future results to differ materially from any
forward-looking statements, see the section entitled "Risk Factors"
in the company's Annual Report on Form 10-K filed with the
Securities and Exchange Commission, or SEC, and other risks
described in documents subsequently filed by the company from time
to time with the SEC.
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Investor Contact Laura Campbell Executive Vice President,
Investor Relations & Marketing (310) 622-1702
lcampbell@hudsonppi.com
Media Contact Laura Murray Senior Director,
Communications (310) 622-1781 lmurray@hudsonppi.com
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