About BXP
BXP is the largest publicly traded developer, owner, and manager of premier workplaces in the United States. Upholding excellence in operations and sustainable initiatives, BXP delivers lasting value for clients, communities, and the planet.
Why They Are a 2024 Climate Leader
By incorporating sustainable practices into the design, delivery, and operation of their projects, BXP drives shareholder value through cost control, exceptional client service, risk management, and protecting long-term asset value. BXP’s leadership in sustainability and its broader impact has earned them recognition from multiple industry associations and ranking platforms. In July of this year, BXP was named one of the world’s most sustainable companies as well as the highest-rated U.S. property owner on the list by TIME Magazine. BXP has an impressive portfolio of accolades and certifications, including 28.9m million square feet of actively managed LEED-certified buildings, 12 years of “Green Star” designations awarded by GRESB, and is an inaugural Platinum-level Green Lease Leader by the Institute for Market Transformation.
A significant project to note is 140 Kendrick St. Building A, in Needham, Massachusetts, which was the first office building to enroll in the Mass Save® Path 1: Net Zero and Low EUI Buildings program. The building has set standout energy goals, of being a net-zero energy building and operating at an energy usage intensity (EUI) target of less than 30. The project is undergoing ongoing measurement to verify that it is continually operating at a low EUI.
Other notable projects in development are two “sister” buildings, 250 Binney St. and 290 Binney St. located in Cambridge, Massachusetts. These buildings will primarily operate on electric systems, with minimal steam and natural gas use. Their designs will reduce fossil-fuel heating energy from a typical standard of approximately 1.4 million therms annually for buildings of similar size and scope to approximately 160,000 therms annually – which reduces fossil-fuel heating energy by 89%. BXP’s aggressive electrification measures in these buildings serve as an exceptional example for other developers in the industry as well as will aid in Massachusetts’ decarbonization goals. BXP is also looking at preexisting buildings in its portfolio by performing HVAC studies and making energy enhancements to improve efficiency in operation and thermal comfort. BXP completed multiple retrofits and performance lighting enhancements to various spaces within their owned and operated 800 Boylston St. building, better known as the Prudential Center and Tower.
Looking into the future, BXP is considering retro-commissioning at several properties as well as evaluating their portfolio for electrification. BXP has been a well-respected and recurring customer of Eversource’s energy efficiency programs for years now, and as Eversource’s programs have evolved and helped to transform the market, BXP has demonstrated sustainable initiatives that help them stand out in the industry and is exploring strategies to further decarbonize their portfolio into the future.
