Climate & energy

Performance

Carbon emissions

(305-1, 305-2, 305-4, 305-5, CRE3)¹

(intensity in kg CO₂e/ft²)

Exceptional 2021 market conditions have resulted in a temporary amplified reduction in carbon. It is expected, as the market continues to adjust, the reduction in emissions will also fall to a lower year-over-year variance.

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2025 Target

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	2015	2016	2017	2018	2019	2020	2021
Emissions intensity (kg CO₂e/ft²)	5.92	5.52	5.09	4.80	4.57	3.81	3.77

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Carbon emissions

(305-1, 305-2, 305-4, 305-5, CRE3)

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Global portfolio	2015	2016	2017	2018	2019	2020	2021	2020	2021
Number of buildings	92	96	93	96	98	100	104	94	94
Gross floor area (ft²)	55,483,734	58,196,664	55,887,862	57,574,083	55,589,612	55,778,115	55,907,456	51,611,572	51,611,572
Emissions intensity (kg CO₂e/ft²)	5.92	5.52	5.09	4.80	4.57	3.81	3.77	3.97	3.90
t CO₂e emissions, all	328,426	321,051	284,251	276,604	253,988	212,448	211,019	204,946	201,420
t CO₂e emissions, scope 1	89,718	86,651	83,775	94,681	91,162	78,962	78,725	75,101	76,590
t CO₂e emissions, scope 2	238,708	234,400	200,476	181,923	162,826	133,486	132,294	129,845	124,830

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Office	2015	2016	2017	2018	2019	2020	2021	2020	2021
Number of buildings	53	58	56	57	58	56	58	50	50
Gross floor area (ft²)	26,507,426	29,401,144	28,602,059	30,169,298	29,770,969	28,141,883	28,748,537	25,275,334	25,275,334
Emissions intensity (kg CO₂e/ft²)	4.63	4.51	4.40	4.12	4.57	3.84	3.69	4.03	3.89
t CO₂e emissions, all	122,734	132,627	125,925	124,359	135,911	108,165	105,978	101,865	98,266
t CO₂e emissions, scope 1	21,781	22,022	24,849	27,818	27,579	23,775	25,463	22,896	23,831
t CO₂e emissions, scope 2	100,953	110,605	101,076	96,541	108,332	84,390	80,515	78,969	74,435

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Retail	2015	2016	2017	2018	2019	2020	2021	2020	2021
Number of buildings	13	14	15	15	14	13	12	12	12
Gross floor area (ft²)	15,849,892	16,141,498	16,214,902	16,214,902	14,246,616	14,178,965	14,135,410	14,135,410	14,135,410
Emissions intensity (kg CO₂e/ft²)	7.26	6.61	5.50	5.14	3.29	2.76	2.83	2.87	2.83
t CO₂e emissions, all	115,016	106,648	89,233	83,365	46,852	39,072	40,017	40,530	40,017
t CO₂e emissions, scope 1	18,841	18,095	15,975	21,535	15,245	12,096	11,814	13,676	11,814
t CO₂e emissions, scope 2	96,175	88,553	73,258	61,830	31,607	26,976	28,203	26,854	28,203

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Residential	2015	2016	2017	2018	2019	2020	2021	2020	2021
Number of buildings	19	18	17	18	20	25	29	27	27
Gross floor area (ft²)	7,948,313	7,675,919	6,432,443	6,532,552	6,914,696	8,799,936	8,290,940	7,468,259	7,468,259
Emissions intensity (kg CO₂e/ft²)	3.46	3.48	2.43	2.55	2.48	2.33	2.33	2.63	2.33
t CO₂e emissions, all	27,519	26,700	15,628	16,664	17,176	20,492	19,293	19,666	17,406
t CO₂e emissions, scope 1	18,525	17,443	14,865	15,455	16,035	15,768	14,249	13,700	13,746
t CO₂e emissions, scope 2	8,994	9,257	763	1,209	1,141	4,724	5,045	5,966	3,660

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Hotel	2015	2016	2017	2018	2019	2020	2021	2020	2021
Number of buildings	7	6	5	6	6	6	5	5	5
Gross floor area (ft²)	5,178,103	4,978,103	4,638,458	4,657,331	4,657,331	4,657,331	4,732,569	4,732,569	4,732,569
Emissions intensity (kg CO₂e/ft²)	12.20	11.06	11.53	11.21	11.61	9.60	9.66	9.06	9.66
t CO₂e emissions, all	63,157	55,076	53,465	52,216	54,049	44,719	45,730	42,885	45,730
t CO₂e emissions, scope 1	30,571	29,091	28,086	29,873	32,303	27,322	27,199	24,829	27,199
t CO₂e emissions, scope 2	32,586	25,985	25,379	22,343	21,746	17,397	18,531	18,056	18,531

Total energy intensity

(ekWh/ft²)

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	2015	2016	2017	2018	2019	2020	2021
Total energy intensity (ekWh/ft²)	26.6	25.9	25.1	25.4	24.1	20.3	20.0

Energy intensity, by asset class

(302-1, 302-3, 302-4, CRE1)¹

(ekWh/ft²)

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	2015	2016	2017	2018	2019	2020	2021
Office	24.2	23.4	22.8	22.4	20.9	17.4	17.3
Retail	26.0	26.1	24.3	25.5	23.6	20.5	19.7
Residential	21.7	21.5	21.2	21.7	20.7	17.5	17.6
Hotels	48.5	46.5	47.2	48.8	51.3	42.4	41.4

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Energy intensity

(302-1, 302-3, 302-4, CRE1)

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Global portfolio	2015	2016	2017	2018	2019	2020	2021	2020	2021
Number of buildings	92	96	93	96	98	100	104	94	94
Gross floor area (ft²)	55,483,734	58,196,664	55,887,862	57,574,083	55,589,612	55,778,115	55,907,456	51,611,572	51,611,572
Total energy use (ekWh)	1,478,614,958	1,505,635,151	1,401,512,746	1,460,748,367	1,341,969,977	1,132,471,105	1,118,024,751	1,057,760,816	1,045,673,647
Electricity	906,689,260	944,735,030	853,412,604	843,689,390	746,373,526	628,887,722	621,712,325	593,524,792	583,356,965
Natural gas	477,056,199	458,532,190	439,830,528	499,502,034	479,828,025	417,849,470	408,190,194	403,520,739	396,361,449
Chilled water	6,095,633	6,621,270	6,508,940	9,036,115	9,221,284	6,826,929	5,548,289	2,941,859	3,434,020
Steam	64,105,215	70,224,990	74,817,507	79,617,426	77,506,354	55,714,975	62,316,484	39,749,840	42,271,138
Diesel	1,550,862	1,689,054	1,792,643	2,396,496	1,082,481	1,000,741	1,263,686	1,000,741	1,256,304
LPG – propane	23,117,788	23,832,616	25,150,524	26,506,906	27,958,308	22,191,268	18,993,773	17,022,845	18,993,773
Energy use intensity (ekWh/ft²)	26.6	25.9	25.1	25.4	24.1	20.3	20.0	20.5	20.3

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Office	2015	2016	2017	2018	2019	2020	2021	2020	2021
Number of buildings	53	58	56	57	58	56	58	50	50
Gross floor area (ft²)	26,507,426	29,401,144	28,602,059	30,169,298	29,770,969	28,141,883	28,748,537	25,275,334	25,275,334
Total energy use (ekWh)	641,564,638	687,038,961	652,242,506	676,785,526	623,243,844	490,869,155	498,538,632	432,774,751	433,792,657
Electricity	448,789,704	486,152,723	431,260,474	431,518,179	380,816,921	294,270,416	290,737,255	260,824,382	257,212,806
Natural gas	122,574,086	124,039,977	139,655,585	156,613,807	155,275,654	133,717,796	139,786,884	128,919,631	130,732,355
Chilled water	6,095,633	6,621,270	6,508,940	9,036,115	9,221,284	6,826,929	5,548,289	2,941,859	3,434,020
Steam	64,105,215	70,224,990	74,817,507	79,617,426	77,506,354	55,714,975	62,316,484	39,749,840	42,271,138
Diesel					423,631	339,039	149,721	339,039	142,339
LPG – propane
Energy use intensity (ekWh/ft²)	24.2	23.4	22.8	22.4	20.9	17.4	17.3	17.3	17.3

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Retail	2015	2016	2017	2018	2019	2020	2021	2020	2021
Number of buildings	13	14	15	15	14	13	12	12	12
Gross floor area (ft²)	15,849,892	16,141,498	16,214,902	16,214,902	14,246,616	14,178,965	14,135,410	14,135,410	14,135,410
Total energy use (ekWh)	412,837,433	421,877,244	393,335,729	414,026,905	336,466,239	290,157,682	277,714,905	297,545,740	277,714,905
Electricity	306,016,494	319,370,432	303,013,589	292,088,915	249,722,704	221,455,605	212,571,753	219,746,999	212,571,753
Natural gas	106,658,220	102,309,655	90,264,051	121,676,724	86,726,655	68,654,371	65,032,498	77,751,035	65,032,498
Chilled water
Steam
Diesel	162,719	197,157	58,089	261,266	16,879	47,706	110,654	47,706	110,654
LPG – propane
Energy use intensity (ekWh/ft²)	26.0	26.1	24.3	25.5	23.6	20.5	19.7	21.1	19.7

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Residential	2015	2016	2017	2018	2019	2020	2021	2020	2021
Number of buildings	19	18	17	18	20	25	29	27	27
Gross floor area (ft²)	7,948,313	7,675,919	6,432,443	6,532,552	6,914,696	8,799,936	8,290,940	7,468,259	7,468,259
Total energy use (ekWh)	172,714,144	164,794,216	136,569,022	142,040,380	143,367,400	153,749,469	145,777,732	140,709,284	138,172,603
Electricity	66,806,648	65,084,972	51,460,558	53,604,713	51,569,967	63,541,473	66,597,015	62,352,572	61,766,104
Natural gas	105,872,015	99,673,762	85,072,983	88,400,185	91,797,433	90,207,995	79,167,510	78,356,712	76,393,293
Chilled water
Steam
Diesel	35,481	35,481	35,481	35,481	–	–	13,206	–	13,206
LPG – propane
Energy use intensity (ekWh/ft²)	21.7	21.5	21.2	21.7	20.7	17.5	17.6	19.5	18.6

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Hotels	2015	2016	2017	2018	2019	2020	2021	2020	2021
Number of buildings	7	6	5	6	6	6	5	5	5
Gross floor area (ft²)	5,178,103	4,978,103	4,638,458	4,657,331	4,657,331	4,657,331	4,732,569	4,732,569	4,732,569
Total energy use (ekWh)	250,992,334	231,478,805	218,849,004	227,274,500	238,892,495	197,694,800	195,993,482	186,731,042	195,993,482
Electricity	85,076,415	74,126,903	67,677,982	66,477,583	64,263,934	49,620,229	51,806,302	50,600,840	51,806,302
Natural gas	141,951,878	132,508,794	124,837,909	132,811,318	146,028,282	125,269,306	124,203,303	118,493,361	124,203,303
Chilled water
Steam
Diesel	846,253	1,010,491	1,182,589	1,478,694	641,971	613,996	990,104	613,996	990,104
LPG – propane	23,117,788	23,832,616	25,150,524	26,506,906	27,958,308	22,191,268	18,993,773	17,022,845	18,993,773
Energy use intensity (ekWh/ft²)	48.5	46.5	47.2	48.8	51.3	42.4	41.4	39.5	41.4

Energy consumption, by asset class

(GWh)

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	2015	2016	2017	2018	2019	2020	2021
Office	642	687	652	677	623	491	498
Retail	413	422	393	414	336	290	278
Residential	173	165	137	142	143	154	146
Hotels	251	231	219	227	239	198	196

Total energy consumption, by source

(MWh)

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(MWh)	2021
Electricity	621,712
Natural gas	408,190
Chilled water	5,548
Steam	62,316
Diesel	1,263
LPG – propane	18,994

Low-carbon energy, by source

(ekWh)

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(ekWh)	2019	2020	2021
Solar	822,820 (1%)	1,711,000 (2%)	1,780,000 (1%)
Deep lake water cooling (DLWC)	8,407,547 (7%)	5,679,000 (5%)	5,550,000 (4%)
Renewable Energy Credits (RECs)	10,523,359 (9%)	14,414,000 (13%)	39,500,000 (31%)
Low-carbon electricity	94,238,651 (82%)	85,163,000 (79%)	81,810,000 (64%)
Low-carbon energy is defined as solar, geothermal, deep lake water cooling, RECs, and electricity from grids with less than 15g CO₂ / ekWh. *Low-carbon energy accounts for 9% of total energy use across Oxford's global portfolio.

Rooftop solar energy target

(in ft²)

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Asset	Region	Asset class	SF
Yorkdale Shopping Centre	Toronto, CAN	Retail	25,000
Scarborough Town Centre	Scarborough, CAN	Retail	53,681
Square One Shopping Centre	Mississauga, CAN	Retail	96,000
Les Galeries de la Capitale	Quebec City, CAN	Retail	80,000
1101 New York Ave	Washington, US	Office	3,578
Gallery Place	Washington, US	Mixed-use Office/Retail	6,172
		TOTAL	264,431
Total includes all rooftop solar projects installed to date across our global retail, industrial, and office portfolios. *Target: Develop 1,000,000 SF of rooftop solar projects across global retail, industrial, and office portfolio by 2024.

1. GRI Sustainability Reporting Standards

Sustainability performance data includes Oxford’s non-industrial directly-managed assets, third party-managed assets where Oxford holds a stake of 25% or greater, and Investa properties. Platform companies are otherwise excluded.