BXP Green Bond Framework Second Party Opinion

BXP has developed a Green Bond Framework (“Framework”) with the aim to govern the terms applicable to our Green Bond issuance(s), including the manner in which BXP proposes to allocate net proceeds to the financing and refinancing of “Eligible Green Projects,” the definition of “Eligible Green Projects,” and the related tracking and reporting obligations. The Framework is in alignment with the June 2021 Green Bond Principles (“GBP”) issued by the International Capital Markets Association (“ICMA”), which are voluntary process guidelines that recommend transparency and disclosure and promote integrity in the development of the Green Bond market by clarifying the approach for issuance of a Green Bond (collectively the “Principles & Standards.”)

DNV Business Assurance USA, Inc. (“DNV”) has been commissioned by BXP to review its Framework and provide a Second Party Opinion on the Framework, based on the Principles & Standards.

To read the full BXP Green Bond Framework Second Party Opinion from DNV, download the attached document.