BOSTON--Boston Properties, Inc. (NYSE: BXP), a real estate investment trust, announced today that the National Association of Real Estate Investment Trusts (NAREIT) selected Boston Properties as a joint winner of NAREIT’s 2015 Office Leader in the Light Award—the highest achievement for all office REITs and real estate companies.
Boston Properties was selected by a panel of judges that evaluated disclosures summarizing implemented energy and water conservation measures, renewable energy procurement, waste diversion, and the results of the Global Real Estate Sustainability Benchmark (GRESB) assessment. In the GRESB assessment, Boston Properties ranked 24th out of 688 global companies and among the top 4% of all participants. This is the fourth straight year that Boston Properties has ranked in the top quartile of GRESB assessment participants, earning another “Green Star” recognition.
“We are extremely proud to receive the Leader in the Light Award because it validates all of the efforts we have made to promote a company-wide culture that is focused on executing our sustainability strategy,” said Ben Myers, Sustainability Manager at Boston Properties. “Through these efforts we demonstrate that operating and developing commercial real estate can be conducted with a conscious regard for the environment while mutually benefiting our tenants and shareholders. By embracing sustainability principles we can promote our growth in a responsible manner across our four regions and cultivate long-term profitability.”
Boston Properties is a fully integrated, self-administered and self-managed real estate investment trust that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of Class A office space, one hotel, four residential properties and five retail properties. The Company is one of the largest owners and developers of Class A office properties in the United States, concentrated in four markets – Boston, New York, San Francisco and Washington, DC.