Boston Properties (BXP) - 1792 Exchange

Rating Overview

Boston Properties (BXP) is Medium Risk.

Boston Properties (BXP) often yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. The company implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. BXP occasionally embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues at times. This approach fails to safeguard free exercise, free speech, and free enterprise.

Rating Criteria

Corporate Weaponization Risk Levels
Criteria	Risk Level
Cancellations	Medium Risk
Discriminatory Philanthropy	No Data
Employment Protection	Medium Risk

Corporate Weaponization ⓘ

Corporate Governance and Public Policy Risk Levels
Criteria	Risk Level
Advocacy Bias	High Risk
Funding	Medium Risk
Political Actions	No Data

Corporate Governance and Public Policy ⓘ

Rating Criteria Detail

Criteria Risk Level Rationale

Corporate Weaponization

Criteria:

Has canceled customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level:

Medium

Rationale:

Boston Properties integrates ESG into its business practices. The company ties executive compensation to ESG performance targets (1). However, the company has not publicly canceled customers, suppliers, or vendors based on political views or religious beliefs (2).

Criteria:

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level:

N/A

Rationale:

Boston Properties does not publish charitable giving guidelines (1).

Criteria:

Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

Risk Level:

Medium

Rationale:

Boston Properties does not provide viewpoint protections for its employees (1)(2).

Corporate Governance and Public Policy

Criteria:

Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.

Risk Level:

High

Rationale:

BXP supports DEI within its business practices, employing a DEI Council. BXP is committed to net zero emissions by 2050. The company incorporates “green lease language” into half of its active leases and all of its Master Lease forms. BXP is a member of the Real Estate Roundtable (RER) Sustainability Policy Advisory Committee (SPAC), United States Green Building Council® (USGBC®), and Global Real Estate Sustainability Benchmark GRESB. Boston Properties signed the We Are Still In Pledge after the US withdrawal from the Paris Climate Accords and the U.S. Department of Energy’s Better Climate Challenge. BXP advocates for LGBTQ Pride displaying the rainbow flag “in honor of Global Pride” on the Salesforce Tower (1). Boston Properties is an active ULI Greenprint member and is committed to the ULI Greenprint Net-Zero Operatives by 2050 Goal (2). The company’s CEO is a signatory to CEOs for Gun Safety (3). Boston Properties CEO Owen D. Thomas signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace (4)(5). Otherwise, there are no publicly known cases of BXP using its reputation to advance ideological causes or policies (6).

Criteria:

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level:

Medium

Rationale:

BXP donated $125,000 to The New California Coalition (1)(2). Otherwise, there are no publicly known cases of Boston Properties using corporate funds to advance ideological causes, organizations, or policies (3).

Criteria:

Uses corporate political actions and/or financial contributions for ideological, non-business purposes.

Risk Level:

N/A

Rationale:

BXP does not operate a PAC and has not engaged in obbying at this time (1)(2)(3).