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.
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"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.
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