GRI Index
The Global Reporting Initiative (GRI) is a non-government organization that has pioneered the global standard for sustainability reporting (G4 Guidelines) used by thousands of companies worldwide.
GRI published a Construction and Real Estate Sector Supplement (CRESS) in 2011 for entities involved in the design, construction and operation of buildings. Oxford was proud to be represented on the international working group – alongside over 20 other organizations – that developed CRESS, and our reporting has been aligned with it since 2011.
General Standard Disclosure
STRATEGY AND ANALYSIS | ||||||||||||||||||||||
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G4-1 | Message from the CEO | |||||||||||||||||||||
ORGANIZATIONAL PROFILE | ||||||||||||||||||||||
G4-3 – G4-10, G4-13 |
Organizational Profile Oxford Properties Group is a global platform for real estate investment, development and management. Oxford oversees and manages approximately $42 billion in real estate for itself and on behalf of its co-owners and investment partners as at December 31, 2016. Oxford employs over 1,900 employees and is headquartered in Toronto, with offices in Boston, New York, Washington D.C., London and across Canada. Oxford owns over 157 standing assets representing approximately 70 million square feet. Direct real estate portfolio composition (percentage of portfolio based on market value):
Oxford operates in Canada (59% of the portfolio), the United States (22% of the portfolio) and Europe (19% of the portfolio, based in England and France). Oxford is a wholly owned subsidiary of the OMERS Administration Corporation (OAC). OMERS was established in 1962 as the pension plan for employees of municipal governments, school boards, libraries, police and firefighters, Children's Aid Societies, and other local agencies throughout Ontario. Funded by contributions and investment earnings, the OMERS pension plan has over 460,000 active and retired members and nearly 1,000 participating employers. As at December 31, 2016, OMERS reported net assets of approximately $85 billion. The following changes in our portfolio were made during the reporting period:
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G4-11 | Our People – How We Performed | |||||||||||||||||||||
G4-12 | Our Buildings – Supply Chain | |||||||||||||||||||||
G4-14 |
Sustainability at Oxford – Our Principles Our Guiding Principles align with a precautionary approach to environmental stewardship and protection. |
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G4-15 – G4-16 | External Initiatives | |||||||||||||||||||||
IDENTIFIED MATERIAL ASPECTS AND BOUNDARIES | ||||||||||||||||||||||
G4-17 – G4-23 | About This Report | |||||||||||||||||||||
STAKEHOLDER ENGAGEMENT | ||||||||||||||||||||||
G4-24 – G4-27 | Stakeholder Engagement | |||||||||||||||||||||
REPORT PROFILE | ||||||||||||||||||||||
G4-28 – G4-33 | About This Report | |||||||||||||||||||||
GOVERNANCE | ||||||||||||||||||||||
G4-34 | Governance | |||||||||||||||||||||
ETHICS AND INTEGRITY | ||||||||||||||||||||||
G4-56 | Governance, Code of Conduct and Professional Code of Conduct |
Economic
Aspect: Climate Change | |
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EC2 |
Oxford strives to take a leadership role in addressing climate change through a range of actions, including the setting of corporate energy reduction targets and the integration of environmental management practices into our green leases. We understand that our stakeholders expect us to take proactive steps to address the material risks of climate change for the benefit of our business and the environment. Oxford employees understand that climate change is a significant challenge facing nations, policymakers and businesses – presenting both risks and opportunities. The risks and opportunities from climate change to Oxford's business are summarized below. Risks
Opportunities
Green LeasesOxford signed its first green office lease in 2012. While there have always been environmental aspects to our lease, we decided to update our base lease form to align with evolving customer expectations and Oxford’s commitment to being an industry leader in sustainability. The green lease includes targets for the building (e.g., green building certification type and level, energy and water consumption, waste diversion), articulates the range of best practices Oxford will implement in managing the building (consistent with LEED), and includes a few requests of our customers in the area of sustainability. |
Environmental
Aspect: Energy | |
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Disclosure of Management Approach | |
G4 – EN3 | Our Buildings – How We Performed – Energy Consumption |
G4 – EN6 | Our Buildings – How We Performed – Reduction of Energy Consumption |
CRE1 | Our Buildings – How We Performed – Building Energy Intensity |
CRE8 | Our Buildings – How We Performed – Green Buildings |
Aspect: Water | |
Disclosure of Management Approach |
About This Report: Water, Effluents and Waste, and Materials |
EN8 | Our Buildings – How We Performed – Total Water Withdrawal by Source |
CRE2 | Our Buildings – How We Performed – Building Water Intensity |
Aspect: Emissions | |
Disclosure of Management Approach | |
EN15 – EN16 | Our Buildings – How We Performed – Direct and Indirect GHG Emissions (Scope 1 & Scope 2) |
EN18 | Our Buildings – How We Performed – GHG Emissions Intensity |
EN19 | Our Buildings – How We Performed – Reduction of GHG Emissions |
EN23 | Our Buildings – How We Performed – Waste |
Labour Practice and Decent Work
Aspect: Employment | |
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Disclosure of Management Approach | |
LA6 | Our People – How We Performed – Type of Injury Rates |
Product Responsibility
Aspect: Product and Service Labelling | |
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Disclosure of Management Approach | |
PR5 | Our Customers – How We Performed |