BXP Inc

Common Name
BXP
Country
United States
Sector
Real Estate
Industry
REIT - Office
Employees
816
Ticker
BXP
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Boston Properties, Inc. is a prominent real estate investment trust specializing in the development and management of premier office properties in the United States. Its primary function is to acquire...

BXP's GHG Emissions Data Preview

In 2024, BXP completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

BXP has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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0000000
Location-Based
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind BXP’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore BXP’s data sources below and access millions more through our Disclosure Search.

a. BXP's Sustainability Report 2024
a. BXP's Sustainability Report 2024
b. BXP's Sustainability Report 2023
b. BXP's Sustainability Report 2023
c. BXP's ESG Report 2021
c. BXP's ESG Report 2021
d. BXP's Sustainability Report 2018
d. BXP's Sustainability Report 2018

Insights into BXP's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of BXP amounted to 93,182 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of BXP increased by 0.59%, suggesting that the company faced challenges in reducing its emissions from its core operations. a b

BXP's Scope 1 Emissions Over Time

20182019202020212023202403.5 k7 k10.5 k14 ktCO2e+15%-22%+31%-8%+5%
  • Total Scope 1
  • Year-over-Year Change

What are BXP's Scope 1 emissions?

In 2024, the total Scope 1 emissions of BXP were 12,637 metric tons of CO₂ equivalent (tCO₂e). a

Has BXP reduced its Scope 1 emissions over time?

Since 2018, BXP's Scope 1 emissions have increased by 14.21%, reflecting a rising long-term trend in Scope 1 emissions over time. a d

Compared to the previous year (2023), BXP's Scope 1 emissions increased by 5.31%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a b

What are BXP's Scope 2 emissions?

In 2024, BXP reported Scope 2 greenhouse gas (GHG) emissions of 0 tCO₂e using the market-based method and 80,545 tCO₂e using the location-based method. a

Has BXP reduced its Scope 2 emissions over time?

Compared to the previous year (2023), BXP's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that BXP 's emissions have plateaued with no significant change in its energy consumption footprint. a b

What methodology does BXP use for Scope 2 reporting?

In 2024, BXP reported its Scope 2 emissions using the market-based method and using the location-based method. a

BXP's Scope 2 Emissions Over Time

201820192020202120232024055 k110 k165 k220 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into BXP's Value Chain Emissions

In 2024, BXP reported 139,978 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2024 disclosure of BXP includes a breakdown across 6 of the 15 Scope 3 categories defined by the GHG Protocol, down from 7 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions. a

BXP's Scope 3 Emissions Over Time

202120232024080 k160 k240 k320 ktCO2e+184%-56%
  • Total Scope 3
  • Year-over-Year Change

What are BXP's Scope 3 emissions?

In 2024, BXP reported total Scope 3 emissions of 139,978 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 43.47% of these emissions originated from upstream activities such as purchased goods and capital goods, while 56.53% came from downstream activities like product use, distribution, and end-of-life treatment. a

Compared to the previous year (2023), BXP's Scope 3 emissions decreased by 55.69%, highlighting the company's efforts to lower indirect emissions from its value chain. a b

What categories of Scope 3 emissions does BXP disclose?

In 2024, BXP reported emissions for 6 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of BXP's Scope 3 emissions?

In 2024, the largest contributors to BXP's Scope 3 emissions were: a

  • Downstream Leased Assets (Cat. 13): 79,134 tCO₂e (56.53%)
  • Fuel- and Energy-Related Services (Cat. 3): 38,146 tCO₂e (27.25%)
  • Purchased Goods and Services (Cat. 1): 16,388 tCO₂e (11.71%)

BXP's Scope 3 Emissions by Categories

Downstream LeasedAssets (Cat. 13)(56.5%)Fuel- andEnergy-RelatedServices (Cat. 3)(27.3%)Purchased Goods andServices (Cat. 1)(11.7%)

Insights into BXP’s GHG Emissions Intensity Compared to Industry Peers

In 2024, BXP reported Scope 1 greenhouse gas (GHG) emissions of 12,637 tCO₂e and total revenues of USD 3,408 millions. This translates into an emissions intensity of 3.71 tCO₂e per millions USD. a

BXP's Scope 1 Emissions Intensity Compared to Peers

102002,00050,0001,000,000Scope 1 Emissions (tCO2e)502001,0005,00020,000Revenues (Millions of USD)LRegency CentersYear: 2024Scope 1: 3,179 tCO2eRevenue: $M 1,454Scope 1 Intensity: 2.19 tCO2e/$MSun CommunitiesYear: 2023Scope 1: 38,505 tCO2eRevenue: $M 3,179Scope 1 Intensity: 12.11 tCO2e/$MDouglas EmmettYear: 2023Scope 1: 6,773 tCO2eRevenue: $M 1,020Scope 1 Intensity: 6.64 tCO2e/$MGaming and Leisure PropertiesYear: 2023Scope 1: 20 tCO2eRevenue: $M 1,444Scope 1 Intensity: 0.01 tCO2e/$MWP CareyYear: 2024Scope 1: 4,800 tCO2eRevenue: $M 1,583Scope 1 Intensity: 3.03 tCO2e/$MAlexandria Real Estate EquitiesYear: 2024Scope 1: 108,507 tCO2eRevenue: $M 3,050Scope 1 Intensity: 35.58 tCO2e/$MSBA CommunicationsYear: 2023Scope 1: 10,200 tCO2eRevenue: $M 2,712Scope 1 Intensity: 3.76 tCO2e/$MApple Hospitality REITYear: 2023Scope 1: 28,652 tCO2eRevenue: $M 1,344Scope 1 Intensity: 21.32 tCO2e/$MFranklin Street PropertiesYear: 2023Scope 1: 1,124 tCO2eRevenue: $M 146Scope 1 Intensity: 7.71 tCO2e/$MHudson Pacific PropertiesYear: 2023Scope 1: 13,272 tCO2eRevenue: $M 952Scope 1 Intensity: 13.94 tCO2e/$MHighwoods PropertiesYear: 2023Scope 1: 1,929 tCO2eRevenue: $M 834Scope 1 Intensity: 2.31 tCO2e/$MCOPT Defense PropertiesYear: 2024Scope 1: 10,504 tCO2eRevenue: $M 753Scope 1 Intensity: 13.94 tCO2e/$MHost Hotels & ResortsYear: 2024Scope 1: 92,608 tCO2eRevenue: $M 5,684Scope 1 Intensity: 16.29 tCO2e/$MRealty IncomeYear: 2023Scope 1: 55 tCO2eRevenue: $M 4,074Scope 1 Intensity: 0.01 tCO2e/$MCrown CastleYear: 2024Scope 1: 11,374 tCO2eRevenue: $M 6,568Scope 1 Intensity: 1.73 tCO2e/$MLLLineageYear: 2024Scope 1: 292,065 tCO2eRevenue: $M 5,340Scope 1 Intensity: 54.69 tCO2e/$MPiedmont Realty TrustYear: 2024Scope 1: 829 tCO2eRevenue: $M 570Scope 1 Intensity: 1.45 tCO2e/$MCousins PropertiesYear: 2023Scope 1: 366 tCO2eRevenue: $M 803Scope 1 Intensity: 0.46 tCO2e/$MJBG SMITH PropertiesYear: 2023Scope 1: 9,462 tCO2eRevenue: $M 604Scope 1 Intensity: 15.66 tCO2e/$MVICI PropertiesYear: 2023Scope 1: 524 tCO2eRevenue: $M 3,611Scope 1 Intensity: 0.15 tCO2e/$MKilroy RealtyYear: 2023Scope 1: 4,765 tCO2eRevenue: $M 1,130Scope 1 Intensity: 4.22 tCO2e/$MIron MountainYear: 2024Scope 1: 115,728 tCO2eRevenue: $M 6,150Scope 1 Intensity: 18.82 tCO2e/$MSL Green RealtyYear: 2023Scope 1: 3,991 tCO2eRevenue: $M 914Scope 1 Intensity: 4.37 tCO2e/$MPublic StorageYear: 2024Scope 1: 32,399 tCO2eRevenue: $M 4,696Scope 1 Intensity: 6.90 tCO2e/$MVornado Realty TrustYear: 2024Scope 1: 22,586 tCO2eRevenue: $M 1,788Scope 1 Intensity: 12.63 tCO2e/$MBXPYear: 2024Scope 1: 12,637 tCO2eRevenue: $M 3,408Scope 1 Intensity: 3.71 tCO2e/$M

How does BXP's GHG emissions intensity compare to its peers?

In 2024, BXP reported a Scope 1 emissions intensity of 3.71 tCO₂e per millions USD. Compared to the peer group median of 6.64 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does BXP rank on GHG emissions intensity within its industry?

In 2024, BXP ranked 10 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

BXP is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into BXP's Total Carbon Footprint

In 2024, BXP reported a total carbon footprint of 233,160 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 42.93% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a b

The largest contributor to BXP's total carbon footprint was Scope 3 emissions, accounting for 60.04% of the company's total carbon footprint, followed by Scope 2 emissions at 34.54%. a

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