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Hudson Pacific Properties Issues 2019 Corporate Responsibility Report Including 2025 Goals to Promote Sustainability, Health and Equity as Part of New Better Blueprint Platform

·4 mins read

Hudson Pacific Properties, Inc. (NYSE: HPP) today issued its Corporate Responsibility Report for the 2019 calendar year. Highlights include converting to 100% renewable electricity portfolio-wide, joining the U.S. Centers for Disease Control and Prevention’s Fitwel Champion Network and making a $500,000 donation to Union Rescue Mission in Los Angeles, one of the largest rescue missions in the country working to end homelessness. The report also introduces the company’s Better Blueprint platform, which will serve as the foundation of its work related to environmental, social and governance (ESG) issues moving forward. The complete report is available in the Responsibility section of Hudson Pacific’s website.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200430005260/en/

"We understand that our actions have implications far beyond a signed lease, repositioning project or new development," said Victor Coleman, CEO of Hudson Pacific. "We created the Better Blueprint platform to support our vision of vibrant, thriving urban spaces and places built for the long term. By fostering the growth and success of sustainable, healthy and equitable communities, our employees, tenants and shareholders will also benefit."

The Better Blueprint platform outlines primary goals in each of its focus areas to achieve by 2025:

  • Sustainable: Achieve net zero carbon and net zero waste across all operations

  • Healthy: Ensure the entire in-service office portfolio meets the company’s Healthy Building Checklist

  • Equitable: Donate at least 1% of net earnings (adjusted for gains and impairment losses) annually to charitable causes

Hudson Pacific is currently adapting its Better Blueprint to address the challenges resulting from COVID-19. This includes important steps to protect the health and safety of employees, tenants and local communities, with the recognition that the company’s vibrancy and resiliency is directly tied to that of the cities and neighborhoods that surround its properties. For more information, visit the COVID-19 Response section of Hudson Pacific’s website.

"Now more than ever, our commitment to sustainability, health and equity is critical," said Natalie Teear, Vice President of Sustainability and Social Impact. "We aim to be a trusted partner to our employees, tenants and communities as we navigate this crisis together."

About Hudson Pacific Properties

Hudson Pacific is a real estate investment trust with a portfolio of office and studio properties totaling nearly 19 million square feet, including land for development. Focused on premier West Coast epicenters of innovation, media and technology, its anchor tenants include Fortune 500 and leading growth companies such as Netflix, Google, Square, Uber, NFL Enterprises and more. Hudson Pacific is publicly traded on the NYSE under the symbol HPP and listed as a component of the Russell 2000® and the Russell 3000® indices. 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, that 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, 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/20200430005260/en/

Contacts

Investor Contact:
Laura Campbell
Senior Vice President, Investor Relations & Marketing
(310) 622-1702
lcampbell@hudsonppi.com

Media Contact:
Laura Murray
Director, Communications
(310) 622-1781
lmurray@hudsonppi.com