Approach

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

Note: Achieved -35% as at Dec 2020, compared to -23% reduction in 2019. Exceptional 2020 market conditions have resulted in this temporary amplified reduction in energy consumption. It is expected, as the market continues to adjust, the reduction in emissions will also fall to a lower year-over-year variance. Data is non-normalized.

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

Pilot the CaGBC Zero Carbon Building (ZCB) Standard for two new development projects.
(2020) (Canada, Office)

Achieve CaGBC ZCB Design and Performance Certifications for two new development projects.
(2025) (Canada, Office)

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.
(2022) (Canada, Retail/Industrial)

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)

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

Note: Target achieved by 45% of sites in 2018; sites experienced an overall drop in scores due to Energy Star methodology change; target adjusted to 75 and extended to 2021.

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

Implement a system for energy monitoring and management across all assets.
(2020) (Europe, All Asset Classes)

Procure 100% LED lighting.
(2020) (Canada, Hotels)

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