Approach

Our Commitment

We will be a leader in the development and operation of energy efficient, low-carbon buildings.

Priorities

Carbon Emissions

Energy Efficiency

Renewable Energy

Targets Status
Climate & Energy

Carbon Emissions

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

in progress

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

ongoing

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

in progress

Energy Efficiency

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

in progress

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

in progress

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

achieved

Net Zero Carbon

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

achieved

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

in progress

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

in progress

Renewable Energy

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

*target extended

in progress

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

achieved

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

in progress

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

ongoing

Energy Storage

Pilot an energy storage project that utilizes batteries to reduce peak demand and energy costs.
(2021*) (Canada, Office/Retail)

*target extended

in progress
  • achieved Achieved
  • in progress In Progress
  • in progress Ongoing
  • not achieved Not Achieved