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Hudson Pacific Properties Releases Inaugural Corporate Responsibility Report

LOS ANGELES--(BUSINESS WIRE)--

Hudson Pacific Properties, Inc. (HPP) today announced the release of its inaugural Corporate Responsibility Report, highlighting environmental, social and governance (ESG) initiatives and achievements for the 2018 calendar year, including:

  • Receipt of the Green Star designation following an inaugural submission to the Global Real Estate Sustainability Benchmark (GRESB);
  • LEED Gold certification for office developments ICON and CUE, bringing total LEED certified buildings to 19 (2.8 million square feet), representing 24% of eligible office square footage, with 93% earning Gold or Platinum certification;
  • Receipt of the ENERGY STAR label for 47 buildings (8.4 million square feet), representing 71% of eligible office square footage, with more than half scoring in the top 10% for energy efficiency;
  • Advancement of 2025 environmental goals, including reducing energy consumption and associated costs, and greenhouse gas (GHG) emissions, all by 5%; and
  • Recognition as one of the Los Angeles Business Journal’s 2018 Best Places to Work.

Victor Coleman, Chairman and CEO of Hudson Pacific, said: “We believe that environmental stewardship, social responsibility, and good governance are integral to the operational and fiduciary excellence that drives our business forward. We seek to uphold and innovate best practices in sustainability, and I am pleased that our inaugural Corporate Responsibility Report highlights our commitment to being a leader in ESG, as well as our performance and accolades to date.”

Further information on the company’s ESG-related practices is available in the Responsibility section of the company’s website, www.HudsonPacificProperties.com.

About Hudson Pacific Properties

Hudson Pacific Properties is a real estate investment trust that owns and operates more than 17 million square feet of office and studio properties. 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, 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.

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