Hudson Pacific Reaffirms Leadership in Sustainability with Industry-Wide Recognitions

Rhea-AI Summary

Hudson Pacific Properties, Inc. (NYSE: HPP) has been recognized as a leader in sustainability by GRESB, Nareit, ENERGY STAR, Newsweek, and S&P Global. The company achieved 100% carbon neutrality across all operations in 2020 and has a portfolio that is over 90% LEED, 70% ENERGY STAR, and 40% Fitwel certified. Hudson Pacific has been named a Regional Sector Leader in the Office, Americas peer group by GRESB for the third consecutive year and has achieved Green Star designation and the highest 5-star rating for the fifth consecutive year. Nareit selected Hudson Pacific for the 2023 Leader in the Light Award for the second consecutive year. The company also earned ENERGY STAR Partner of the Year and Sustained Excellence status for a fifth consecutive year. Additionally, Hudson Pacific was named one of Newsweek’s America’s Most Responsible Companies 2024 and included in S&P Global 2023 Sustainability Yearbook.

Earned Top Honors from GRESB, Nareit, ENERGY STAR, Newsweek and S&P Global

LOS ANGELES--(BUSINESS WIRE)-- Hudson Pacific Properties, Inc. (NYSE: HPP), a unique provider of end-to-end real estate solutions for tech and media tenants, announced that it has been recognized again as a leader in sustainability by key industry organizations and ranking systems including the GRESB Real Estate Assessment, Nareit Leader in the Light Awards, ENERGY STAR Partner of the Year Awards, Newsweek's America’s Most Responsible Companies and S&P Global Sustainability Yearbook.

Hudson Pacific’s achievements in 2023 reflect our continued commitment to leadership in sustainability through our Better Blueprint platform,” said Natalie Teear, Senior Vice President of Innovation, Sustainability and Social Impact. “We have a moral imperative to be a part of the solution to the climate crisis, and our work in this area is a critical component of our strategy to differentiate our portfolio and drive value for stakeholders. We are committed to achieving and expanding upon our ambitious sustainability goals in 2024 and beyond.”

Hudson Pacific was one of the first major real estate organizations to achieve 100% carbon neutrality across all operations in 2020. Today, the company’s in-service office portfolio is over 90% LEED, 70% ENERGY STAR and 40% Fitwel certified.

Hudson Pacific achieves top rankings in 2023 GRESB Real Estate Assessment

GRESB is the global standard for portfolio-level ESG reporting in the real estate sector. This marks the third consecutive year Hudson Pacific has been named a Regional Sector Leader in the Office, Americas peer group, and the fifth consecutive year Hudson Pacific has achieved Green Star designation and the highest 5-star rating from GRESB.

Hudson Pacific wins 2023 Nareit Leader in the Light: Office Award

Nareit selected Hudson Pacific as the recipient of a 2023 Leader in the Light Award, the organization’s highest sustainability achievement for office and other property sector REITs. This is the second consecutive year Hudson Pacific has earned this top honor from Nareit for the office sector.

Hudson Pacific earns ENERGY STAR Partner of the Year for fifth consecutive year

The Environmental Protection Agency (EPA) recognized Hudson Pacific with both the ENERGY STAR Partner of the Year distinction and Sustained Excellence status for a fifth consecutive year of notable achievements in energy efficiency and environmental stewardship. Award winners are chosen from among thousands of ENERGY STAR program participants.

Hudson Pacific named one of Newsweek’s America’s Most Responsible Companies 2024

Newsweek’s designation as a Most Responsible Company reinforces Hudson Pacific’s reputation as an excellent corporate citizen. Newsweek considers all three pillars of ESG in their analysis conducted by Statista and based on over 30 KPIs from 2,000 public companies as well as a public survey of 17,000 U.S. residents.

Hudson Pacific included in S&P Global 2023 Sustainability Yearbook

S&P Global’s Sustainability Yearbook aims to distinguish companies within their industries that demonstrate strength in corporate sustainability. For the second consecutive year, Hudson Pacific was identified by S&P Global as an industry leader.

About Hudson Pacific Properties

Hudson Pacific Properties (NYSE: HPP) is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific’s unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged through deep strategic relationships and niche expertise across identifying, acquiring, transforming and developing properties into world-class amenitized, collaborative and sustainable office and studio space. For more information visit HudsonPacificProperties.com.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," or "potential" or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events, or trends and that do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond the company's control, which may cause actual results to differ significantly from those expressed in any forward-looking statement. All forward-looking statements reflect the company's good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Furthermore, the company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. For a further discussion of these and other factors that could cause the company's future results to differ materially from any forward-looking statements, see the section entitled "Risk Factors" in the company's Annual Report on Form 10-K filed with the Securities and Exchange Commission, or SEC, and other risks described in documents subsequently filed by the company from time to time with the SEC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231206169334/en/

Investor Contact

Laura Campbell

Executive Vice President, Investor Relations & Marketing

(310) 622-1702

lcampbell@hudsonppi.com

Media Contact

Laura Murray

Senior Director, Communications

(310) 622-1781

lmurray@hudsonppi.com

Source: Hudson Pacific Properties, Inc.

FAQ

What is Hudson Pacific Properties, Inc.'s stock ticker symbol?

Hudson Pacific Properties, Inc.'s stock ticker symbol is HPP.

What sustainability achievements has Hudson Pacific Properties, Inc. been recognized for?

Hudson Pacific Properties, Inc. has been recognized for achieving 100% carbon neutrality across all operations in 2020, having a portfolio that is over 90% LEED, 70% ENERGY STAR, and 40% Fitwel certified, and being named a Regional Sector Leader in the Office, Americas peer group by GRESB for the third consecutive year.

How many consecutive years has Hudson Pacific Properties, Inc. earned the ENERGY STAR Partner of the Year distinction?

Hudson Pacific Properties, Inc. has earned the ENERGY STAR Partner of the Year distinction for a fifth consecutive year.

What is the significance of being included in S&P Global 2023 Sustainability Yearbook?

Being included in S&P Global 2023 Sustainability Yearbook signifies that Hudson Pacific Properties, Inc. has been identified as an industry leader in corporate sustainability for the second consecutive year.