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) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Scope 1 | 13,272a | 13,738a | 9,048a | |
Total Scope 2 | ||||
Market-Based | 0a | 0a | 0a | |
Location-Based | 38,470a | 42,677a | 40,473a | |
Total Scope 3 | 247,954a | 300,820a | 299,860a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 13.7876a | 13.3869a | 10.0888a |
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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
In 2023, the total Scope 1 emissions of Hudson Pacific Properties were 13,272 metric tons of CO₂ equivalent (tCO₂e).a
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
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
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
In 2023, Hudson Pacific Properties reported its Scope 2 emissions using the market-based method and using the location-based method.a
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
In 2023, Hudson Pacific Properties reported total Scope 3 emissions of 247,954 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, Hudson Pacific Properties's Scope 3 emissions have decreased by 99.92%, reflecting a declining long-term trend in Scope 3 emissions over time.ab
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
In 2023, Hudson Pacific Properties reported Scope 1 greenhouse gas (GHG) emissions of 13,272 tCO₂e and total revenues of USD 963 millions. This translates into an emissions intensity of 13.79 tCO₂e per millions USD.a
In 2023, Hudson Pacific Properties reported a Scope 1 emissions intensity of 13.79 tCO₂e per millions USD. Compared to the peer group median of 4.59, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2023, Hudson Pacific Properties ranked 22 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Hudson Pacific Properties among the least efficient performers, with one of the highest emissions intensities in its sector.a
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