President’s message
For 62 years, great people and a clear purpose have enabled Oxford to create economic and social value through real estate.
People are our greatest asset—why we can do what we do at global and local levels. Last year, in properties around the world, our passionate teams made sustainability a top priority alongside the health, safety and well-being of their colleagues, customers and communities. I cannot thank them enough for their dedication.
With climate change impacting all aspects of our society, Oxford continued to take industry-leading positions to drive sustainable solutions in our buildings.
With a focus on innovative projects, technology and decarbonization, key successes in 2021 include:
- 37% reduction in portfolio carbon intensity (2015 base year), surpassing our public goal of 30% by 2025
- More than 125 GWh of green electricity generated by onsite solar or obtained from low-carbon sources across Canada, USA, UK and Australia
- More than 95% of our buildings achieved an industry-leading green building certification*
- 42 office assets achieved the WELL Health-Safety rating, representing 29M ft2
- Recognized for the second time as one of Fast Company’s World’s Most Innovative companies
Last year, OMERS, our parent organization, set a target of Net Zero by 2050. I’m confident we will find ways to meet or exceed this critical objective, focusing on green investments, building technology and operations to rapidly reduce our carbon footprint. Oxford is already four years ahead of our 2025 carbon intensity reduction target of 30%.
Our people continue to create value beyond the physical walls of our buildings. Supporting and engaging our local communities. Helping our occupiers safely reopen their business and reconnect with their employees and customers. Read more about our initiatives in the case studies section of the report.
The path to a sustainable future requires everyone to play a role. As a leading investor, asset manager and business builder, Oxford will continue prioritizing our ESG commitments, collaborating with stakeholders to create economic and social value through real estate.
Sincerely,
* 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.
