Hudson Pacific's electricity consumption is now all carbon neutral. In a three-year partnership with Calpine Energy Solutions, the firm has acquired the environmental attributes associated with 577,000 megawatt-hours from Horse Hollow III Wind Farm, located in Wingate, Texas. The deal should offset Hudson's greenhouse gas emissions by approximately 121,500 metric tons of CO2 over the next three years.

"At Hudson Pacific Properties, we are focused on identifying solutions for the most pressing environmental and social challenges facing our core markets, which includes issues related to climate and energy," Natalie Teear at Hudson Pacific Properties tells GlobeSt.com. "This most recent agreement to make our electricity consumption carbon-neutral is part of our ongoing efforts to implement sustainability best practices. In fact, we've set a long-term goal to meet, if not exceed, our greenhouse gas emissions reduction target of 15% by 2025."

This latest agreement is a milestone in the firm's sustainability efforts, according to Teear. "It also perfectly aligns with current carbon neutrality policies within our core markets and the priorities of our employees and tenants," she says. "Moving forward, we will continue to drive real estate solutions and cross-sector partnerships to create business value and contribute to sustainable, equitable, healthy and diverse communities."

There is increasing interest in expanding sustainability, and Hudson Pacific expects that more companies will also strive to reduce energy consumption. "We do believe more companies will follow suit and will take more of a proactive role in preserving our environment," says Teear. "It is increasingly important for companies in any industry to do their part—not only to implement sustainability best practices, but to practice good corporate citizenship overall."

For companies looking to follow in Hudson's footsteps, Teear recommends that owners work directly with tenants. "When it comes to reducing carbon footprints, we encourage other real estate companies to engage directly with tenants to establish sustainability best practices across their portfolio," she explains. "Reducing overall energy use is the first and most important action to take, and that requires tenant buy-in. We also encourage others to explore on-site renewables—even small opportunities can play a role in growing the overall renewables market. Finally, we believe some of the biggest carbon impacts from real estate are tied to the materials and processes used for development and construction. The sector still has a long way to go when it comes to building in a more sustainable manner."

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Hudson Pacific Electricity Consumption Is Now All Carbon Neutral

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