2019 Summary Report PDF (English)
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SUSTAINABILITY REPORT 2019 HIGHLIGHTS -9% CARBON REDUCTION Since 2015 Sector Leader 2018 of Total Buildings $150M CAD 86% with a ENERGY SPEND GREEN BUILDING Total Portfolio CERTIFICATION Q&A WITH MICHAEL TURNER WHAT DOES SUSTAINABILITY WHAT IS DIFFERENT ABOUT OXFORD’S MEAN TO YOU? APPROACH TO SUSTAINABILITY? Sustainability is about being a responsible We have a culture that encourages all team members to own their corporate citizen. It is about setting goals, role, exchange ideas, take smart risks and share their learnings. and sweating the details in-between. It’s Our team is integrated across business lines and around the world, also about leadership, transparency and which is a tremendous advantage. We are ambitious and have high engagement, and doing our part to make expectations, in sustainability and in all we do. the world a better place. WHAT ARE YOU MOST PROUD OF AROUND HOW DOES SUSTAINABILITY FIT OXFORD’S SUSTAINABILITY EFFORTS? MICHAEL TURNER INTO OXFORD’S STRATEGY? I am most proud of our team’s disciplined execution. It’s easy to President, Oxford is committed to connecting develop sustainability strategies and targets. It’s much harder to Oxford Properties Group people to exceptional places, and our execute on them across asset classes and around the world, but sustainability practices and programs our people do that consistently through the decisions and actions contribute to delivering on that vision. We are proud of the many they take every day. ways we actively engage our global team and our 2 million daily customers in sustainability, and of the long list of accomplishments WHAT CAN PEOPLE EXPECT FROM OXFORD and industry firsts we have achieved. ON SUSTAINABILITY GOING FORWARD? We will continue to lead on the sustainability issues that matter WHAT SUSTAINABILITY TRENDS ARE most to our customers and partners: low carbon buildings, YOU SEEING RIGHT NOW? renewable energy, wellbeing amenities, and healthy materials – Our customers’ interest in climate change, renewable energy, and all of which support our promise of creating exceptional places health and wellbeing continue to grow and are key areas we are for our customers. And we will continue to set ambitious targets, driving action. We’re also seeing an increased desire from customers and transparently report on our progress. for our help in defining tangible actions they can take to do their part. GUIDING PRINCIPLES 1. LEADERSHIP 4. CREDIBILITY We strive to be recognized by our We follow recognized high standards, customers, employees, shareholders, work with industry leading service co-owners, and the market-at large providers, and engage in credible as industry leaders in sustainability. initiatives in our pursuit of sustainability. 2. PERFORMANCE 5. RISKS & OPPORTUNITIES We continuously measure and We actively monitor and take action benchmark our sustainability around the market, regulatory and performance, and drive improvements economic issues related to and arising consistent with our fiduciary responsibility. from sustainability. 3. INNOVATION 6. TRANSPARENCY We foster innovation in technology and building management practices aimed & ENGAGEMENT We conduct ourselves in a transparent at higher levels of sustainability. manner and engage our shareholders, co-investors, customers, employees, and service providers as active partners in pursuit of higher levels of sustainability. 6 GHG 27EMISSIONS INTENSITY – BAR 2015 – 6.14 kg CO2e/SF 201626 – 5.76 kg CO2e/SF 5 6.14 5.76 5.56 5.47 2017CLIMATE – 5.56 kg CO2e/SF & ENERGY OURkg CO2e/SF COMMITMENT ENERGY USE INTENSITY – Infographic 25 We will be a leader in the development andTARGET operation of energy efficient, low-carbon buildings. 2018 kWh/SF – 5.47 kg CO2e/SF 2025 2015 – 26.4 kWh/SF 24 26.4 25.6 24.6 24.1 4 2016 – 25.6 kWh/SF HIGHLIGHTS 2015 2016 2017 2018 2017 – 24.6 kWh/SF 23 2015 2016 2017 2018 2018 – 24.1 kWh/SF ENERGY USE INTENSITY* GHG EMISSIONS INTENSITY* GHG EMISSIONS 27 6 30 8 ABSOLUTE 2018 7 26 25 6 317,263 MT CO2e 20 5 25 SCOPE 1 15 4 5 6.11 5.68 5.49 5.57 kg CO2e/SF 3 kWh/SF 10 2 24 92,185 MT CO2e 26.5 25.5 24.5 24.7 TARGET 5 1 2025 SCOPE 2 23 0 0 4 2015 2016 2017 2018 2015 2016 2017 2018 225,079 MT CO2e * Global office, retail, residential, hotels portfolio. * Global office, retail, residential, hotels portfolio. Reductions of 9% since 2015 on track with target (-30% by 2025). CONTINUAL LEARNING FOR THE CLIMATE GREEN BUILDING CERTIFICATIONS Oxford is committed to doing its part to address climate GREEN BUILDING CERTIFICATIONS – bar chart change, setting an ambitious carbon reduction target of 30% by 2025. Achieving this goal will require coordinated 100% – BOMA BEST (CANADA, RETAIL) and impactful action across our global portfolio, which is BREEAM (Office, UK) = 79% why we are investing in training and development around LEED (Office, North America) =92% 100% – GREEN KEY (CANADA, HOTELS) this initiative. Oxford’s corporate energy leaders held a BOMA Best (Retail, Canada) = 100% Target 2025 Workshop in 2018, with a focus on expanding our 92% – LEED (NORTH AMERICA, OFFICE) Green Key (Hotels) = 100% thinking beyond energy conservation into carbon reduction. The workshops were enthusiastically received and produced 86% – BREEAM (EUROPE, OFFICE)* tangible Carbon Reduction Action Plans for all property teams. These workshops will continue into 2020 and beyond 0 20 40 60 80 100 as we double down on achieving our target! * BREEAM or equivalent. WELLBEING OUR COMMITMENT We will incorporate world class features and amenities in our buildings that support the success of our customers and help them live healthy and active lives. HIGHLIGHTS 0 20 40 60 80 100 0 20 40 60 80 100 THE FOUNDATION AT 225 FRANKLIN IN BOSTON YOGA FOR EVERYONE How do you revitalize an underutilized 2018 was the year of the downward dog across 11,000 SF space on the lower level of our global office and retail portfolio. Our customers a downtown Boston office building? told us they were interested in yoga classes and our By converting it into an exceptional teams delivered in spectacular fashion. Sony Center multi-purpose amenity center for the in Berlin introduced outdoor yoga classes on the community. The team at 225 Franklin terrace which quickly became a weekly ritual for Street had a bold vision to deliver our customers. Dix30 Shopping Centre in Quebec a beautifully designed meeting and held an outdoor yoga event in June with more than event space with mixed-use seating. 400 yogis of all ages participating, raising funds Customers can book “The Foundation” to support lung cancer patients at a local hospital. for external events and meeting space as an extension to their own office space. These, and other yoga programs across our Wellbeing amenities such as locker rooms, bike storage, and even two professional portfolio, allow customers to connect, get healthy, golf simulators were added to enhance the customer experience. and relax during their work day. 120 WASTE DIVERSION – 100 WATER INTENSITY – BAR CHART 100 80 pie chart (show both percentages and numbers) 2015 – 99.4 L/SF 80 60 60 L/SF OUR COMMITMENT MATERIALS99.4 201693.7 – 93.785.8 L/SF 81.8& RESOURCES 99.2 94.6 86.5 88.2 TOTAL RECYCLING - 21,228 MT L/SF 40We will manage2017 – 85.8resources L/SF responsibly and critically evaluate40 the environmental and health aspects 20 % RECYCLING – 59.5% 20of the materials2018 – and81.8 resources L/SF we procure and use in our buildings. 0 0 2015 2016 2017 2018 TOTAL LANDFILL OR INCINERATION – 14,470 MT HIGHLIGHTS2015 2016 2017 2018 % LANDFILL OR INCINERATION – 40.5% WASTE DIVERSION* WATER105 INTENSITY* 120 Total Recycling % Recycling 100 100 95 80 21,280 MT 60% 90 L/SF 60 85 Total Landfill 40 99.2 94.6 86.5 88.9 or Incineration 14,440 MT 80 20 % Landfill or 75 0 Incineration 40% 2015 2016 2017 2018 * North American office and retail portfolio. * Global office, retail, residential, hotels portfolio. TAKING A PRECAUTIONARY APPROACH How do we dig deeper and explore potential health aspects of the materials we procure and use in our buildings? That’s the question that a global team of Oxford colleagues looked at in 2018. The team set a goal of developing a Restricted Materials List, in order to ‘future proof’ our buildings by getting ahead of an important emerging trend. So what did they come up with? Here is the list of 5 Restricted Materials that will be piloted across select Oxford development projects in 2019: (1) Formaldehyde, (2) Antimicrobials, (3) Halogenated Flame Retardants, (4) Phthalates, and (5) Highly Fluorinated Chemicals. Each pilot project team will introduce the list in their procurement process and engage in a dialogue with key partners. After a year, the team will share their experience, including availability of alternatives and impact on performance criteria. COMMUNITIES OUR COMMITMENT We will engage our stakeholders, create outstanding buildings and places, and give back to our communities. HIGHLIGHTS STANDING UP FOR INCLUSION AND DIVERSITY GRAFFITI FOR GOOD In March of 2018, buildings around the world, including Toronto’s EY If you can’t beat them, join them. The fencing at one of our new Tower, displayed their support on the eve of International Women’s developments in Vancouver was constantly being vandalized. Day as part of a global campaign to push for equality in the workplace. Recognizing that some of the graffiti art was actually pretty good, our And then, in celebration of Pride Month Toronto, EY Tower proudly Vancouver Team gave local graffiti artists the fencing as a canvas to displayed the rainbow flag on the side of the building, in partnership with share their best work.