September 2021 Green Bond: September 30, 2022 Allocation Report


Sustainability Strategy

As the largest publicly traded developer, owner, and manager of premier workplaces in the United States, BXP actively works to promote our growth and operations in a sustainable and responsible manner across our six regions. The BXP environmental, social, and governance (ESG) strategy is to conduct our business, the development, and operation of new and existing buildings, in a manner that contributes to positive economic, social, and environmental outcomes for our customers, shareholders, employees, and the communities in which we serve.

Our investment philosophy is shaped by our core strategy of long-term ownership and our commitment to our communities and the centers of commerce and civic life that make them thrive. 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, greenhouse gas (GHG) emissions, and climate change.

BXP and its employees also make a social impact through charitable giving, volunteerism, public realm investments, and promoting diversity and inclusion at our workplace and in the community.

We continue to address the needs of our stakeholders by making efforts to maintain and improve our ESG performance across three pillars: climate action, resilience, and social good. Through these efforts, we demonstrate that operating and developing commercial real estate can be conducted with a conscious regard for the environment and wider society while mutually benefiting our stakeholders.

Management Assertion

Boston Properties Limited Partnership’s (BPLP) management is responsible for the completeness, accuracy, and validity of the September 2021 Green Bond: September 30, 2022 Allocation Report on Page 7. Management asserts that, as of September 30, 2022, an amount equal to $18.7 million or 2% of the net proceeds of $842.5 million from the September 29, 2021 offering of the 2.450% Senior Unsecured Notes due October 1, 2033 (the “September 2021 Green Bond Offering”) was used for the financing and refinancing of costs incurred from September 29, 2018 (three years prior to the issuance of the notes) through September 30, 2022 associated with the Eligible Green Project included in the September 2021 Green Bond: September 30, 2022 Allocation Report.