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 2023, 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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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into BXP's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of BXP amounted to 92,634 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).

Compared to 2021, the total operational greenhouse gas (GHG) emissions of BXP decreased by 46.27%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

BXP's Scope 1 Emissions Over Time

2018201920202021202303.5 k7 k10.5 k14 ktCO2e+15%-22%+31%-8%
  • Total Scope 1
  • Year-over-Year Change

What are BXP's Scope 1 emissions?

In 2023, the total Scope 1 emissions of BXP were 12,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has BXP reduced its Scope 1 emissions over time?

Since 2018, BXP's Scope 1 emissions have increased by 8.45%, reflecting a rising long-term trend in Scope 1 emissions over time.

Compared to the previous year (2021), BXP's Scope 1 emissions decreased by 7.55%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are BXP's Scope 2 emissions?

In 2023, BXP reported Scope 2 greenhouse gas (GHG) emissions of 16,774 tCOâ‚‚e using the market-based method, and 80,634 tCOâ‚‚e using the location-based method.

Has BXP reduced its Scope 2 emissions over time?

Compared to the previous year (2021), BXP's Scope 2 emissions (Location-Based) fell by 49.42% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.

What methodology does BXP use for Scope 2 reporting?

In 2023, BXP reported its Scope 2 emissions using the market-based method and using the location-based method.

BXP's Scope 2 Emissions Over Time

20182019202020212023055 k110 k165 k220 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into BXP's Value Chain Emissions

In 2023, BXP reported 315,932 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of BXP includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2021, demonstrating consistent Scope 3 emissions reporting coverage year over year.

BXP's Scope 3 Emissions Over Time

20212023080 k160 k240 k320 ktCO2e+184%
  • Total Scope 3
  • Year-over-Year Change

What are BXP's Scope 3 emissions?

In 2023, BXP reported total Scope 3 emissions of 315,932 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 19.53% of these emissions originated from upstream activities such as purchased goods and capital goods, while 80.47% came from downstream activities like product use, distribution, and end-of-life treatment.

Compared to the previous year (2021), BXP's Scope 3 emissions increased by 184.31%, suggesting that the company faced challenges in reducing emissions across its value chain.

What categories of Scope 3 emissions does BXP disclose?

In 2023, BXP reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol.

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 2023, the largest contributors to BXP's Scope 3 emissions were:

  • Downstream Leased Assets (Cat. 13): 254,246 tCOâ‚‚e (80.47%)
  • Fuel- and Energy-Related Services (Cat. 3): 30,667 tCOâ‚‚e (9.71%)
  • Capital Goods (Cat. 2): 26,057 tCOâ‚‚e (8.25%)

BXP's Scope 3 Emissions by Categories

Capital Goods(Cat. 2)(8.2%)Fuel- andEnergy-RelatedServices (Cat. 3)(9.7%)Downstream LeasedAssets (Cat. 13)(80.5%)

Insights into BXP's Total Carbon Footprint

In 2023, BXP reported a total carbon footprint of 408,566 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 44.1% increase compared to 2021, suggesting a rise in emissions across its operations or value chain.

The largest contributor to BXP's total carbon footprint was Scope 3 emissions, accounting for 77.33% of the company's total carbon footprint, followed by Scope 2 emissions at 19.74%.

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