Approach

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

Note: Achieved -37% as at Dec 2021, and compared to -23% reduction in 2019. Exceptional 2020 and 2021 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 monitoring of embodied carbon for at least two major renovation/new development projects.
(2023) (All Regions, All Asset Classes)

Note: In progress—30 Bay & 1133 Melville new developments.

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 playbook for all major mixed-use development projects.
(2022) (All Regions, Mixed-use)

Note: Achieved in 2021: Low-Carbon Energy Playbook implemented in Q4-2021 for SquareOne District development.

Pathway to Net-Zero: Develop long-term portfolio carbon emission forecast for all major investment types. This includes Oxford managed assets, third-party managed assets, and platform companies.
(2023) (All Regions, All Asset Classes)

Establish Decarbonization Plans for all direct drive and third party assets.
(2023) (All Regions, All Asset Classes)

Develop 1,000,000 square feet of rooftop solar projects.
(2024) (Canada/US, All Asset Classes)

Note: Additional 37,000 ft² of solar installed at SquareOne Shopping Mall.

Procure 100% renewable electricity.
(2025) (UK/AU, 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.
(Ongoing) (Canada/US, Office)

Develop and implement global best practice energy performance standards for all major renovation and new development projects.
(2024) (All Regions, All Asset Classes)

Pilot an energy storage project that utilizes batteries to reduce peak demand and energy costs.
(2023) (Canada, Retail)