- Economic conditions impacting sustainability initiatives.
- Evolving landscape of sustainability objectives, regulations, and disclosure requirements.
- Client behavior impacting portfolio's environmental performance.
- Less favorable economics of recycling and waste hauler concerns regarding contamination.
Boston Properties, Inc.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Boston Properties, Inc. disclosed greenhouse gas emissions of 28.8K MtCO2e (market-based). By scope: Scope 1: 12.0K MtCO2e; Scope 2: 16.8K MtCO2e (market-based) 80634 MtCO2e (location-based); Scope 3: 196.4K MtCO2e (market-based) 315932 MtCO2e (location-based). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
28.8K MtCO2e (market-based)
2023
Renewable Energy
70.6%
of total energy
Water Usage
407.2K kgal
2023
Waste
17.1K tons
2023
Energy Use
665.3K MWh
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 12.0K MtCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 16.8K MtCO2e (market-based) 80634 MtCO2e (location-based) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 196.4K MtCO2e (market-based) 315932 MtCO2e (location-based) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 28.8K MtCO2e (market-based) |
| 2022 | 204.2K MtCO2e (location-based) |
| 2021 | 172.4K MTCO2e |
| 2018 | 220.6K MTCO2e |
| 2017 | 220.4K MTCO2e |
| 2016 | 246.2K MTCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Achieved a 41% reduction in energy use intensity below a 2008 base year.
- Achieved a 48% reduction in water use intensity below a 2008 base year.
- Executed a power purchase agreement for an additional 21 MW of new solar generation capacity.
- Increased actively managed property area certified under LEED to 28.9 million square feet (92% Gold and Platinum levels).
- Issued $750.0 million in green bonds, allocating $741.3 million to eligible green projects.
- Achieved carbon-neutral operations for Scopes 1 and 2 GHG emissions (in progress towards 2025 goal).
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce energy use intensity by 32% by 2025 (achieved 41% reduction as of Dec 2023).
- Reduce water use intensity by 30% by 2025 (achieved 48% reduction as of Dec 2023).
- Increase waste diverted from landfill to 60% by 2025.
- Increase building certification coverage to 87% by 2025 (achieved 91% in 2023).
📅 Medium-term
- Reduce Scope 3 – Capital Goods GHG emissions intensity by 14% by 2025 (achieved in 2021).
- Achieve carbon-neutral operations for Scopes 1 and 2 by 2025.
🔭 Long-term
- Achieve net-zero carbon emissions by 2050.
🌱 ESG Focus Areas
Climate ActionResilienceSocial Good