Boston Properties Adapting Sustainability Reporting

Ben Myers, sustainability manager at Boston Properties, Inc. (NYSE: BXP), joined REIT.com for a video interview at NAREIT’s 2017 Leader in the Light Working Forum at the Hilton Austin in Austin, Texas.

Myers said Boston Properties continues to adapt its methods of sustainability reporting. Recently, the company has adopted a Global Reporting Initiative (GRI) index.

“I’m hopeful that indices like GRI…will help lead our industry toward a consolidated framework. It’s what we need, it’s what investors need and it will certainly reduce the confusion in the marketplace around sustainability performance,” he said.

Myers pointed out that all of Boston Properties’ master lease forms are green leases. Some of the clauses contained in the leases include the ability to pass through capital expenditure that reduces operating costs as well as costs for LEED or ENERGY STAR certifications, he noted.

Myers also noted that Boston Properties is on target to meet its energy use and water and waste targets. The company will shortly be reporting results that capture sustainability performance for about 37 million square feet of assets in Boston, New York, San Francisco, Washington, D.C., and Los Angeles, he said.