Boston Properties Announces Early Achievement of Energy, Emissions and Water Intensity Reduction Goals in 2016 GRI-Aligned Sustainability Report

BOSTON–(BUSINESS WIRE)–Boston
Properties, Inc. (NYSE: BXP), a leading property developer, owner
and manager, has announced, in its GRI-aligned 2016 Sustainability
Report, the early achievement of energy, water use and greenhouse
gas emission intensity reduction goals. The Company has exceeded 2020
targets by reducing energy use intensity 19.8%, water use intensity
21.8% and greenhouse gas emissions intensity 31.5% below a 2008 base
year. The complete report is available under the Sustainability
section of the Company’s website at www.bostonproperties.com.

“We are extremely proud to announce the achievement of our energy,
emissions and water goals three years ahead of schedule,” said Owen
Thomas, CEO of Boston Properties. “In 2016 we executed our
sustainability strategy by implementing policies, programs and projects
that advanced our commitment to sustainable development and operations.
Through our efforts, we demonstrated that developing and
operating commercial real estate can be conducted with a conscious
regard for the environment and our communities while mutually
benefitting our tenants and shareholders.”

For the fifth consecutive year, Boston Properties ranked in the top
quadrant of the Global Real Estate Sustainability Benchmark (GRESB^®)
assessment, earning a fifth “Green Star” recognition and the highest
GRESB 5-star Rating. Boston Properties placed 36th out of 733
companies—among the top 5% of worldwide participants in the 2016 GRESB
assessment and second among U.S. office companies.

“As responsible stewards of the built environment, we are continuously
evaluating and implementing measures that reduce operating costs and
protect asset value while maintaining our focus on long-term
prosperity,” commented Ben Myers, Sustainability Manager for Boston
Properties. “We are intelligently managing operational energy use in
real-time with interval data and robust energy management systems. As
long-term owners and active managers, we approach the capital planning
and new development processes by investing in high-performance
mechanical equipment, lighting, thermal envelope assemblies and
renewable energy systems. Our portfolio of green buildings continues to
grow, and we are increasingly focused on the engagement of tenants to
promote a more sustainable landlord-tenant relationship. We will
consider the establishment of new, forward-looking goals that build upon
our progress to date.”

Boston Properties is a fully integrated real estate investment trust
that develops, redevelops, acquires, manages, operates and owns a
diverse portfolio of primarily Class A office space totaling 47.7
million square feet and consisting of 164 office properties (including
six properties under construction), five retail properties, four
residential properties (including two properties under construction) and
one hotel. The Company is one of the largest owners and developers of
Class A office properties in the United States, concentrated in five
markets—Boston, Los Angeles, New York, San Francisco and Washington, DC.

For more information about Boston Properties, please visit our web site
at www.bostonproperties.com.

Contacts

Boston Properties, Inc.
Michael LaBelle, 617-236-3352
Executive
Vice President
Chief Financial Officer
or
Arista Joyner,
617-236-3343
Investor Relations Manager