Oxford Properties Group connects people to exceptional places, and is the
owner, developer and manager of some of the world’s best real estate assets. Established in
1960, it manages over C$58 billion of assets across the globe on behalf of its co-owners and
investment partners. Oxford’s portfolio encompasses office, retail, industrial, hotels and
multifamily residential and spans over 100 million square feet in global gateway cities
across four continents. A highly disciplined and thematic investor, Oxford invests in
properties, portfolios, development sites, debt, securities and platform opportunities
across the risk-reward spectrum. With regional head offices in Toronto, New York, London,
Luxembourg, Singapore and Sydney, its long-term approach to real estate investment aligns
Oxford’s interests to its customers and the communities in which it operates. Oxford is the
global real estate arm of OMERS, the AAA credit rated defined benefit pension plan for
Ontario’s municipal employees.
Oxford’s annual Sustainability Report provides information related to the
environmental, social and governance aspects of the organization and outlines how the
organization engages with its customers. The period covered by this report is January 1,
2015 to December 31, 2018. The report provides an overview of our framework, priorities and
select initiatives. This report is generally aligned with the GRI Standards.
Oxford uses an Operational Control approach to set its Organizational
Operational Control is defined as “the ability to introduce and implement
operating policies, health and safety policies and/or environmental policies” (from GRESB).
Oxford is deemed to have the ability to introduce and implement these
policies for buildings that Oxford directly manages OR where Oxford has a 25% or greater
ownership interest in the building.
Oxford’s organizational boundary for Oxford’s annual Sustainability Report is defined as
- Office – Multi-Tenant
- Retail – Enclosed Centres & High Street
- Directly Managed – Single-Tenant
- Retail – Open Air, Non-Strategic3
- Indirectly Managed – Single-Tenant
- <25% ownership
- Credit Investments
Environmental Performance Indicators
Environmental performance indicators are calculated for all assets (whole
building) within Oxford’s boundary, on an annual basis.
Energy includes electricity, natural gas, steam, propane, deep lake
chilled water and diesel. Energy intensity is the key performance metric reported by Oxford.
Greenhouse gas emissions refer to human activities, such as the burning of
fossil fuels, which release greenhouse gases to the atmosphere. GHG Emission intensity is
the key performance metric reported by Oxford.
Oxford reports on the following greenhouse gases, consistent with the GHG
|Direct (SCOPE 1)
||Indirect (SCOPE 2)
- Natural Gas
- Other Fuels
- Fleet Vehicles
- Deep Lake Chilled Water
Oxford updates emission factors on an annual basis, from generally
recognized sources, as new factors become available.
Water includes the total volume of water withdrawn from municipal
supplies, groundwater, or rainwater collected and stored by the organization. Water
intensity is the key performance metric reported by Oxford.
Waste denotes materials generated on site for disposal, both hazardous and
non-hazardous, excluding wastewater.
Waste diversion is the process of diverting waste from landfills and
incineration through waste re-use, recycling (including composting), or through
waste-to-energy. Assets in less mature recycling markets contributed to a decreased
diversion rate in our managed portfolio. Waste diversion (expressed as a %) is the key
performance metric reported by Oxford.
Non-Environmental Performance Indicators
Reporting around Oxford employees includes full-time, part-time, contract
and unionized employees across Oxford’s global platform (unless otherwise noted).
Performance data for health & safety metrics are applicable to employees
across Canada only at this time.
Data presented in the report is not normalized for vacancy, weather or
Performance data for newly acquired assets is included once an asset has
been under Oxford's operational control for a full calendar year.
Performance data for newly developed assets is included once an asset has
a full calendar year of data.
Performance data for disposed assets ceases after the last full calendar
year of data under Oxford’s ownership.
We focus on the sustainability issues that matter most to our customers,
employees, shareholders and co-owners.
The materiality matrix below provides an overview of how we have assessed
the relative importance of sustainability issues in collaboration with our customers. The
matrix is used to guide our target setting and reporting and to drive results in the areas
where we can have the greatest impact.
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Diversity and Equal
Oxford periodically reviews and documents changes to the materiality
matrix based on a range of factors including: customer surveys, customer green team meeting
feedback, Oxford management feedback during Steering Committee or other strategy meetings,
supplier meeting feedback, best practice research, and competitive analysis.
This report does not cover all ESG issues that Oxford is actively
Information profiled in the report rotates periodically, and additional
information is available upon request.
Oxford changed its approach to reporting square footage in 2019.
All intensity metrics now reference Gross Floor Area (instead of Gross
This is applicable for all asset classes and regions.
The contact point for questions regarding this report or its contents is:
Darryl Neate, Director, Sustainability, at email@example.com