Hudson Pacific Properties achieves 100% RE, targets carbon neutrality - Smart Energy Decisions

Commercial, Energy Efficiency, GHG Emissions, Sourcing Renewables  -  April 30, 2020

Hudson Pacific Properties achieves 100% RE, targets carbon neutrality

Hudson Pacific Properties announced April 30 a new commitment to be net-zero carbon by 2025.

The West Coast-based real estate investment trust also achieved 100% renewable energy throughout their entire operating portfolio, which they announced in their 2019 Corporate Responsibility Report. This report details their “Better Blueprint”, which outlines their path to achieving their sustainability goals.

“We understand that our actions have implications far beyond a signed lease, repositioning project or new development,” CEO Victor Coleman said in a statement. “We created the Better Blueprint platform to support our vision of vibrant, thriving urban spaces and places built for the long term. By fostering the growth and success of sustainable, healthy and equitable communities, our employees, tenants and shareholders will also benefit.”

Hudson Pacific reached 100% renewable energy through on-site projects at their properties, including installing solar panels on several Sunset Las Palmas sound stages in Hollywood and on the new EPIC building, which has been pre-leased by Netflix. Additionally, the company achieved ENERGY STAR certification for 65% and LEED certification for 64% of their in-service office portfolio. In 2019 they entered into a three-year agreement to purchase RECs to cover the remaining electricity use and what would have been 50,047 mtCO2e in Scope 2 emissions from electricity use was reduced to zero.

Moving forward, Hudson Pacific is committed to achieving their net-zero target by reducing energy use by 10% from 2019 to 2025 by implementing projects like LED retrofits, variable frequency drives and equipment retrofits and the use of real-time energy management software.

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