Our Targets

We establish sustainability performance indicators and targets, and rigorously manage and measure performance across our portfolio.



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
Wellbeing

Indoor Air Quality

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

ongoing

Customer Satisfaction

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

ongoing

Customer Information

Provide building and surrounding area wellbeing information to customers.
(Ongoing) (All Regions, All Asset Classes)

ongoing
Materials & Resources

Waste

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

achieved

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

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

not achieved

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

achieved

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

achieved

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

in progress

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

Note: Waste diversion targets are reviewed annually.

in progress

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

in progress

Organics

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

ongoing

Sustainable Food Courts

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

in progress

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

achieved

Water Reduction

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

achieved

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

*target extended

in progress

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

in progress

Water Reuse

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

*target extended

in progress

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)

ongoing

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

in progress

Environmental & Health Product Declarations

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)

ongoing

Material Sourcing

All Oxford major renovation and new development projects to follow LEED v4/BREEAM credit requirement for raw material sourcing, where appropriate.
(Ongoing) (All Regions, All Asset Classes)

ongoing
Community

Volunteer Days

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

ongoing

Community Programming

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

ongoing

Real Estate Education Leadership

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)

ongoing

National Living Wage

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)

in progress

Job Creation

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

ongoing

Green Building Certifications

LEED – Increase certified office space to 95%.
(2019) (Canada/US, Office)

achieved

BOMA Best – Achieve 100% certification.
(2019) (Canada, Retail)

achieved

Green Key – Achieve 100% certification.
(2019) (Canada, Hotels)

Note: Green building certification targets are reviewed annually.

Note: Target status is as at December 31, 2019. Achieved targets are adjusted or removed in future years; In progress targets are on track and projected to be achieved by target year; ongoing targets continue into future years; not achieved targets are evaluated and adjusted or extended. New targets are added annually.

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