Commercial, GHG Emissions - September 22, 2020
Hudson Pacific achieves carbon neutrality across operations
Hudson Pacific Properties announced Sept. 10 that they are officially carbon neutral across all their operations.
The real estate investment trust achieved this target, previously set for 2025, early through a combination of energy efficiency, on-site renewables, RECs and verified emission reduction credits.
“Hudson Pacific is committed to leadership in sustainability,” Victor Coleman, Chairman and CEO of Hudson Pacific, said in a statement. “I am proud to have met our carbon neutrality goal five years early, but we are just getting started. We will continue to push the envelope to find innovative, tech-enabled solutions to minimize our environmental impacts, with a focus on driving down energy use even further and expanding on-site renewable energy. More than ever, we have a responsibility to our communities to prioritize climate action, and we are dedicated to expanding our efforts and sharing with our peers as we continue this important work.”
Through these means, Hudson Pacific eliminated the Scope 1 and 2 emissions that are generated by the energy use of their buildings. Approximately 64% of their in-service office portfolio is ENERGY STAR certified, while 65% is LEED certified. The company also installed rooftop solar panels and converted to 100% renewable electricity at all owned and managed properties through the purchase of RECs from a Texas wind farm. The remaining greenhouse gas emissions are offset by emission reduction credits from a landfill gas-to-energy project in Illinois.
Next steps for the company are pursuing the reduction of Scope 3 emissions from non-operational carbon that comes from building materials like steel and concrete. They are focused on procuring lower-carbon materials, like sourcing steel from local plants powered by clean energy or swapping out steel for alternative materials like mass timber.