June 2019 Green Bond: September 30, 2025 Allocation Report

Sustainability & Impact Strategy

BXP, Inc. (NYSE: BXP) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets – Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 55 years. We are a fully integrated real estate company organized as a real estate investment trust (REIT).

BXP is committed to maximizing long-term value for our shareholders through, among other strategies, actively working to promote our growth and operations sustainably and responsibly across our six markets. The BXP Sustainability & Impact strategy is to conduct our business, the development, ownership, and operation of new and existing buildings, in a manner that contributes to positive outcomes for our clients, shareholders, employees, and the communities in which we operate.

We are focused on developing and maintaining healthy, high-performance buildings, while simultaneously mitigating operational costs and the potential external impacts of energy, water, waste, and climate change. We undertake electric, steam, and natural gas efficiency projects and procurement initiatives to reduce energy-related operating expense growth and primary fossil fuel consumption. These initiatives have also contributed to lower GHG emissions and compliance with building performance standards in the New York and Boston markets.

Through our efforts, we demonstrate that operating and developing commercial real estate can be conducted with a conscious regard for the environment, while mutually benefiting our stakeholders.

Management Assertion

BPLP’s management asserts that $841.4 million, or 100% of the Net Proceeds, was used for the financing or refinancing of costs incurred from June 21, 2016 (three years prior to the issuance of the notes) through September 30, 2025, associated with the six Eligible Green Projects as of September 30, 2025, as specified in this June 2019 Green Bond: September 30, 2025 Allocation Report.