Hudson Pacific Properties Inc

Common Name
Hudson Pacific Properties
Country
United States
Sector
Real Estate
Industry
REIT - Office
Employees
740
Ticker
HPP
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Hudson Pacific Properties Inc. is a real estate investment trust (REIT) that focuses on owning, operating, and developing premier office and studio properties. Its primary function is to provide space...

Hudson Pacific Properties's GHG Emissions Data Preview

In 2023, Hudson Pacific Properties 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).

However, Hudson Pacific Properties has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2023202220212020 - 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 Hudson Pacific Properties’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 Hudson Pacific Properties’s data sources below and access millions more through our Disclosure Search.

a. Hudson Pacific Properties's Corporate Responsibility Report (CRR) 2023
a. Hudson Pacific Properties's Corporate Responsibility Report (CRR) 2023
b. Hudson Pacific Properties's Corporate Responsibility Report (CRR) 2020
b. Hudson Pacific Properties's Corporate Responsibility Report (CRR) 2020

Insights into Hudson Pacific Properties's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Hudson Pacific Properties amounted to 51,742 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 2022, the total operational greenhouse gas (GHG) emissions of Hudson Pacific Properties decreased by 8.28%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Hudson Pacific Properties's Scope 1 Emissions Over Time

20182019202020212022202303.5 k7 k10.5 k14 ktCO2e+9%-7%-23%+52%-3%
  • Total Scope 1
  • Year-over-Year Change

What are Hudson Pacific Properties's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Hudson Pacific Properties were 13,272 metric tons of CO₂ equivalent (tCO₂e). a

Has Hudson Pacific Properties reduced its Scope 1 emissions over time?

Since 2018, Hudson Pacific Properties's Scope 1 emissions have increased by 13.91%, reflecting a rising long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2022), Hudson Pacific Properties's Scope 1 emissions decreased by 3.39%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Hudson Pacific Properties's Scope 2 emissions?

In 2023, Hudson Pacific Properties reported Scope 2 greenhouse gas (GHG) emissions of 0 tCO₂e using the market-based method and 38,470 tCO₂e using the location-based method. a

Has Hudson Pacific Properties reduced its Scope 2 emissions over time?

Since 2018, Hudson Pacific Properties's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 22.67%, reflecting a declining long-term trend in Scope 2 emissions over time. a b

Compared to the previous year (2022), Hudson Pacific Properties's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Hudson Pacific Properties 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Hudson Pacific Properties use for Scope 2 reporting?

In 2023, Hudson Pacific Properties reported its Scope 2 emissions using the market-based method and using the location-based method. a

Hudson Pacific Properties's Scope 2 Emissions Over Time

201820192020202120222023015 k30 k45 k60 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Hudson Pacific Properties's Value Chain Emissions

In 2023, Hudson Pacific Properties reported 247,954 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 2023 disclosure of Hudson Pacific Properties includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Hudson Pacific Properties's Scope 3 Emissions Over Time

2020202120222023075 M150 M225 M300 MtCO2e-100%0%-18%
  • Total Scope 3
  • Year-over-Year Change

What are Hudson Pacific Properties's Scope 3 emissions?

In 2023, Hudson Pacific Properties reported total Scope 3 emissions of 247,954 metric tons of CO₂ equivalent (tCO₂e). a

Compared to the previous year (2022), Hudson Pacific Properties's Scope 3 emissions decreased by 17.57%, highlighting the company's efforts to lower indirect emissions from its value chain. a

Insights into Hudson Pacific Properties’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Hudson Pacific Properties reported Scope 1 greenhouse gas (GHG) emissions of 13,272 tCO₂e and total revenues of USD 952 millions. This translates into an emissions intensity of 13.94 tCO₂e per millions USD. a

Hudson Pacific Properties's Scope 1 Emissions Intensity Compared to Peers

102002,00020,000200,000Scope 1 Emissions (tCO2e)502005002,00010,000Revenues (Millions of USD)Douglas EmmettYear: 2023Scope 1: 6,773 tCO2eRevenue: $M 1,020Scope 1 Intensity: 6.64 tCO2e/$MAlexandria Real Estate EquitiesYear: 2024Scope 1: 108,507 tCO2eRevenue: $M 3,050Scope 1 Intensity: 35.58 tCO2e/$MBXPYear: 2024Scope 1: 12,637 tCO2eRevenue: $M 3,408Scope 1 Intensity: 3.71 tCO2e/$MFranklin Street PropertiesYear: 2023Scope 1: 1,124 tCO2eRevenue: $M 146Scope 1 Intensity: 7.71 tCO2e/$MHighwoods PropertiesYear: 2023Scope 1: 1,929 tCO2eRevenue: $M 834Scope 1 Intensity: 2.31 tCO2e/$MCOPT Defense PropertiesYear: 2024Scope 1: 10,504 tCO2eRevenue: $M 753Scope 1 Intensity: 13.94 tCO2e/$MPiedmont Realty TrustYear: 2024Scope 1: 829 tCO2eRevenue: $M 570Scope 1 Intensity: 1.45 tCO2e/$MMedical Properties TrustYear: 2022Scope 1: 4,835 tCO2eRevenue: $M 1,543Scope 1 Intensity: 3.13 tCO2e/$MCousins PropertiesYear: 2023Scope 1: 366 tCO2eRevenue: $M 803Scope 1 Intensity: 0.46 tCO2e/$MJBG SMITH PropertiesYear: 2023Scope 1: 9,462 tCO2eRevenue: $M 604Scope 1 Intensity: 15.66 tCO2e/$MKilroy RealtyYear: 2023Scope 1: 4,765 tCO2eRevenue: $M 1,130Scope 1 Intensity: 4.22 tCO2e/$MOUTFRONT MediaYear: 2024Scope 1: 3,747 tCO2eRevenue: $M 1,831Scope 1 Intensity: 2.05 tCO2e/$MRayonierYear: 2024Scope 1: 557 tCO2eRevenue: $M 1,263Scope 1 Intensity: 0.44 tCO2e/$MHealthcare Realty TrustYear: 2023Scope 1: 21,152 tCO2eRevenue: $M 1,344Scope 1 Intensity: 15.74 tCO2e/$MMacerichYear: 2024Scope 1: 30,779 tCO2eRevenue: $M 918Scope 1 Intensity: 33.52 tCO2e/$MBrixmor Property GroupYear: 2023Scope 1: 3,414 tCO2eRevenue: $M 1,245Scope 1 Intensity: 2.74 tCO2e/$MSL Green RealtyYear: 2023Scope 1: 3,991 tCO2eRevenue: $M 914Scope 1 Intensity: 4.37 tCO2e/$MRexford Industrial RealtyYear: 2024Scope 1: 21 tCO2eRevenue: $M 938Scope 1 Intensity: 0.02 tCO2e/$MUDRYear: 2023Scope 1: 16,379 tCO2eRevenue: $M 1,628Scope 1 Intensity: 10.06 tCO2e/$MPotlatchdelticYear: 2024Scope 1: 45,000 tCO2eRevenue: $M 1,062Scope 1 Intensity: 42.37 tCO2e/$MVornado Realty TrustYear: 2024Scope 1: 22,586 tCO2eRevenue: $M 1,788Scope 1 Intensity: 12.63 tCO2e/$MXenia Hotels & ResortsYear: 2023Scope 1: 19,651 tCO2eRevenue: $M 1,025Scope 1 Intensity: 19.16 tCO2e/$MHudson Pacific PropertiesYear: 2023Scope 1: 13,272 tCO2eRevenue: $M 952Scope 1 Intensity: 13.94 tCO2e/$M

How does Hudson Pacific Properties's GHG emissions intensity compare to its peers?

In 2023, Hudson Pacific Properties reported a Scope 1 emissions intensity of 13.94 tCO₂e per millions USD. Compared to the peer group median of 5.5 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Hudson Pacific Properties rank on GHG emissions intensity within its industry?

In 2023, Hudson Pacific Properties ranked 16 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

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

Insights into Hudson Pacific Properties's Total Carbon Footprint

In 2023, Hudson Pacific Properties reported a total carbon footprint of 299,696 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 16.11% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to Hudson Pacific Properties's total carbon footprint was Scope 3 emissions, accounting for 82.74% of the company's total carbon footprint, followed by Scope 2 emissions at 12.84%. a

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