Commercial, Energy Efficiency, GHG Emissions, Sourcing Renewables - May 18, 2023
Hudson Pacific Properties Plans to Increase RE Use
Hudson Pacific Properties, Inc., a real estate investment trust serving tech and media tenants, announced plans to be 100% carbon neutral and 100% renewable electricity in operations for 10 consecutive years.
Goals reported by the company also include a 50% absolute reduction in Scope 1 and 2 GHG emissions from operations, without offsetting instruments (2018 baseline); 50% absolute reduction in energy and water used in operations (2019 baseline); zero waste in operations with a 90% or higher landfill diversion rate; 90% LEED, 80% Fitwel, and 75% ENERGY STAR in-service office portfolio; and a 50% absolute reduction in Scope 3 GHG emissions from production vehicles and other transportation assets (2022 baseline).
Details were published in its 2022 Corporate Responsibility Report.
“We are incredibly proud of our accomplishments to date, including milestones like being one of the first large real estate companies to achieve carbon neutrality,” said Natalie Teear, Senior Vice President, Innovation, Sustainability and Social Impact for Hudson Pacific, in a statement. “Now we are doubling down on our commitment to building vibrant, thriving urban spaces and places for the long term. We have streamlined our objectives to align around a new HPPx2030 vision, which includes ambitious targets to reduce our climate impact, grow our portfolio of green products and services, make innovative community investments, and diversify representation of women and people of color in management roles.”