Our Targets

Reduce scope 1 & 2 carbon emissions, on a per square foot basis, by 30% by 2025.
(2015 base year) (All Regions, All Asset Classes)

Procure electric vehicles for all new Oxford light duty/passenger fleet vehicles.
(Ongoing) (All Regions, All Asset Classes)

Pilot the monitoring of embodied carbon for at least two major renovation/new development projects.
(2020) (All Regions, All Asset Classes)

Achieve an Energy Star score of 75 for all of our office buildings.
(2021) (Canada/US, Office)

Develop and implement global best practice energy performance standards for all major renovation and new development projects.
(2021) (All Regions, All Asset Classes)

Procure 100% LED lighting
(2019) (Canada, Hotels)

Pilot the CaGBC Zero Carbon Building (ZCB) Standard for two new development projects to reduce carbon emissions.
(2021) (Canada, Office)

NEW! Achieve ZCB Standard for two new development projects.
(2025) (Canada, Office)

NEW! Develop low carbon playbooks for all major mixed-use development projects.
(2022) (All Regions, Mixed-use)

Develop 1,000,000 square feet of rooftop solar projects.
(2024*) (Global, Office/Retail/Industrial)

*target extended

Pilot a rooftop solar project to increase renewable energy generation.
(2020) (US, Office)

Procure 100% renewable electricity.
(2025) (UK, All Asset Classes)

Conduct a renewable energy generation feasibility study for all major renovation and new development projects, where appropriate.
(Ongoing) (All Regions, All Asset Classes)

Conduct global best practice annual indoor air quality testing and develop action plans where required.
(Ongoing) (All Regions, Office)

Conduct periodic customer satisfaction surveys and drive property level continual improvement.
(Ongoing) (All Regions, All Asset Classes)

Achieve 70% diversion from landfill & incineration.
(2019) (Canada, Office)

Achieve 50% diversion from landfill & incineration.
(2019) (US, Office)

Note: Diversion rates lower than expected due to new acquisitions and various local recycling markets

Achieve 60% diversion from landfill & incineration.
(2019) (Canada, Retail)

Achieve 50% diversion from landfill & incineration.
(2019) (Europe, All Asset Classes)

NEW! Achieve 55% diversion from landfill & incineration.
(2020) (Canada, Hotels)

NEW! Achieve 30% diversion from landfill and incineration.
(2020) (Australia, Office)

Note: Waste diversion targets are reviewed annually.

NEW! Develop a waste reduction action plan.
(2021) (All Regions, All Asset Classes)

Develop and implement a program to divert organics from landfill where feasible.
(Ongoing) (All Regions, All Asset Classes)

Develop and implement sustainable food court standards.
(2021) (Canada, Retail)

Pilot sustainable food court in urban retail environment to enhance customer experience and increase waste diversion.
(2019) (Canada, Office)

Achieve 10% reduction in potable water use by 2020.
(2015 base year) (North America, All Asset Classes)

Pilot a permeable pavement solution to improve storm water management.
(2021*) (Canada, Industrial/Retail)

*target extended

Pilot smart water meters to improve the quality of water data and management practices.
(2021) (All Regions, Office)

Install metering on all existing rainwater capture systems and benchmark portfolio water re-use performance.
(2021*) (All Regions, All Asset Classes)

*target extended

Conduct rainwater capture systems feasibility studies on all major renovation and new development projects where appropriate to inform potential decision making.
(Ongoing) (All Regions, All Asset Classes)

Pilot grey water reuse in an existing building and share results.
(2021) (Canada/Europe, Office/Retail/Industrial)

Request LEED v4 compliant EPDs (environmental product declarations) and LEED v4 compliant HPDs (health product declarations) for construction materials on all major renovation and new development projects.
(Ongoing) (Canada/US, All Asset Classes)

Support employees to engage in at least one dedicated volunteer day/year.
(Ongoing) (All Regions, All Asset Classes)

Cultivate spaces for philanthropic, entrepreneurial, and artistic partnerships within our leasable and common areas.
(Ongoing) (All Regions, Office, Retail)

Engage future generations on the benefits and values of the real estate industry through educational institutions and industry associations.
(Ongoing) (All Regions, All Asset Classes)

Pay at least the National Living Wage to all staff employed directly by Oxford and encourage Tier 1 supply chain to pay the same.
(2022) (UK, All Asset Classes)

Develop and implement initiatives which actively support employability of disadvantaged people.
(Ongoing) (UK, All Asset Classes)