2014 SUSTAINABILITY REPORT BUILDING CORPORATE PROFILE SUSTAINABILITY TM CEO’S MESSAGE TOGETHER SUSTAINABILITY AT EVERY STAGE Building Sustainability Together is our approach to GREEN AT WORKTM creating enduring value. It is about bringing capable, committed people together to develop and operate SUPPORTING COMMUNITIES best-in-class properties and to inspire and drive positive change at every stage of a building’s life cycle. AWARDS AND RECOGNITION < > | CORPORATE PROFILE | CADILLAC FAIRVIEW 2014 SUSTAINABILITY REPORT 1 ABOUT THIS REPORT Our 2014 Sustainability Report highlights Cadillac Fairview’s activities and accomplishments between September 1, 2013 and August 31, 2014. It encompasses all of Cadillac Fairview’s Canadian commercial and retail properties as part > CORPORATE PROFILE of the GREEN AT WORK™ program. Specifically, performance data focuses on the following areas: CEO’S MESSAGE > Energy data includes all reported electricity, natural gas, steam and chilled water consumption for office buildings, SUSTAINABILITY AT and for the common area within retail EVERY STAGE properties. Data is normalized for weather, occupancy, major users and GREEN AT WORKTM portfolio changes. > Water data includes all properties, The Cadillac Fairview Corporation Limited is one of North America’s largest owners, but excludes major users. Waste data SUPPORTING COMMUNITIES operators and developers of commercial real estate. Cadillac Fairview focuses on includes all properties. > Greenhouse gas emissions data includes developing and managing high quality office, retail and mixed-use properties in Canada client and common areas at commercial AWARDS AND RECOGNITION and the United States, as well as international investments in real estate companies and office properties. Data includes common areas for retail properties, but excludes investment funds. With a portfolio valued at more than $26 billion, Cadillac Fairview client spaces. and its affiliates own and manage over 36 million square feet of leasable space at > The Greenhouse Gas Protocol and ISO 66 properties across North America. 14064-1 are used to develop Cadillac Fairview’s greenhouse gas inventories. Cadillac Fairview is wholly owned by the Ontario Teachers’ Pension Plan, which invests to secure the retirement Activity data includes raw natural gas, income of 307,000 active and retired teachers in Ontario. Learn more at cadillacfairview.com. back-up fuels, refrigerants, electricity, steam, chilled water, vehicles, landfill waste and transportation of recycling and waste to landfill. All stated years refer to our GREEN AT INDUSTRY ASSOCIATION WORK™ year (September to August). MEMBERSHIPS MEMBER Please visit our website to see previous < > years’ reports. | CEO’S MESSAGE | CADILLAC FAIRVIEW 2014 SUSTAINABILITY REPORT 2 “ Cadillac Fairview is on a journey with our many stakeholders to build properties of enduring value and to drive positive, environmentally conscious change in our society.” CORPORATE PROFILE With each passing year, Cadillac Fairview best practices and lessons learned to through collaboration with our clients, > CEO’S MESSAGE demonstrates its commitment to build on our successes and isolate key building occupants, visitors, suppliers, MISSION sustainability in new and exciting ways. areas for improvement. business partners and communities. We own, operate and develop We are solidifying our reputation as Early results are impressive. Notably, In 2014, Cadillac Fairview received many best-in-class retail, offi ce and SUSTAINABILITY AT Building Leaders in the commercial real energy consumption declined by 4% in awards, including being recognized as mixed-use properties to generate EVERY STAGE estate industry, the Canadian workplace 2014 compared to the previous year, one of Canada’s 50 Best Employers, and long-term stable cash fl ow and and the communities where we operate. and water consumption by 2%. We also we expanded our Building Communities risk-adjusted returns. GREEN AT WORKTM Sustainability has been at the heart improved our waste diversion rate to program, which supports the non-profi t of our buildings for many years. With 71%. With eight new LEED® (Leadership community organizations where our VISION the launch of our national GREEN in Energy and Environmental Design) employees volunteer their time. Our vision is to be recognized as AT WORK™ program in 2008, we certifi cations in calendar year 2014, we SUPPORTING COMMUNITIES Cadillac Fairview is on a journey with our Building Leaders: Our properties, standardized our approach to integrating now have 19 LEED and 35 BOMA BESt many stakeholders to build properties our people… Every property we leading sustainability practices into our certifi ed buildings, and more coming soon of enduring value and drive positive, own is the standard of excellence AWARDS AND RECOGNITION property management and operations. in 2015. environmentally conscious change in our in its respective market. The fi ve-year results were outstanding, Sustainability is about more than just society. I invite you to read about our including 16% and 28% reductions assets. In 2014, we demonstrated how accomplishments and plans in this in energy and water respectively, VALUES important it is to build the capacities year’s report. and they earned Cadillac Fairview of our people and communities. Every Client Focus, Collaboration, many accolades. property has a Green Team, which Respect, Integrity, Innovation, We launched the second iteration of engages cross-functional employees Accountability GREEN AT WORK™ in 2014. Having to form long-term strategic plans to achieved our fi ve-year targets, it was meet performance targets. We are time to set higher goals and fi nd ways to increasing our stakeholder engagement amplify our impact. Internal sustainability activities, recognizing that there is a great John Sullivan champions identifi ed existing program opportunity for building sustainability President & Chief Executive Offi cer < > | SUSTAINABILITY AT EVERY STAGE | CADILLAC FAIRVIEW 2014 SUSTAINABILITY REPORT 3 Sustainability at Every Stage Sustainability is an integral part of Cadillac Fairview’s strategy and key to ensuring our continued success. At every stage of planning, building and managing our properties, we challenge ourselves to hold both the short and long view and to find new ways to add value. Sustainable Building Practices CORPORATE PROFILE Calgary City Centre, a 36-storey office tower scheduled for completion in December 2015, is being constructed to achieve LEED Platinum Core CEO’S MESSAGE and Shell (CS) certification. During construction, more than 90% of waste generated is being diverted from landfill. Materials used in the base > SUSTAINABILIT Y AT building’s construction contain more than 10% EVERY STAGE recycled, and 30% regional, components by costs, and they include low-emitting adhesives, sealants, paints, coatings and flooring systems. GREEN AT WORKTM PLAN/BUILD Cadillac Fairview has $4 billion of “ We set ambitious objectives and share successes and development activity underway in core SUPPORTING COMMUNITIES markets across Canada. This includes learnings as a means of igniting innovation and driving both new development projects and the performance improvements across our portfolio.” redevelopment of existing assets with AWARDS AND RECOGNITION many LEED certifications on the way. Wayne Barwise, Executive Vice President, Development With every new project, we set clear Daylight Harvesting sustainability targets that enhance asset For example, a national standard During construction, we implement Scheduled for completion in June 2015, value, reduce environmental impact has been set for all properties which sustainable building practices that and meet client needs. Project teams Deloitte Tower will be Montreal’s first establishes minimum sub-metering minimize the use of energy, water and office building targeting LEED Platinum CS include sustainability experts, architects, requirements for energy- and water- non-renewable resources and maximize consultants and contractors who work certification and a key part of a vibrant downtown consuming systems and equipment. waste diversion. Contractors and neighbourhood called Quad Windsor being together to incorporate innovation and Requirements are based on equipment engineering firms must demonstrate developed by Cadillac Fairview. Virtually the sustainability best practices into building size and/or consumption thresholds. outstanding health and safety records. full width and more than 80% of the height of design, construction and operation. We collaborate with clients to help them the perimeter wall on all office floors will be make environmentally conscious decisions glazed with dual pane clear insulated glass with a for their new spaces. low-E coating. This vast area of glass will permit daylight harvesting, significantly reducing power consumption and contributing to overall comfort. SUPPORT < > PLAN > BUILD > MANAGE > COMMUNITIES > SUPPORT PLAN > BUILD > MANAGE > COMMUNITIES > SUPPORT PLAN > BUILD > MANAGE > COMMUNITIES > | SUSTAINABILITY AT EVERY STAGE | CADILLAC FAIRVIEW 2014 SUSTAINABILITY REPORT 4 MANAGE Pillars Targets GREEN AT WORK™ is our national Energy sustainability program, which integrates Use energy conservation techniques, leading operational standards 2.5% energy reduction per year sustainability into building operation and efficiency technologies where possible.e W aim to optimize our and maintenance. The program focuses consumption and demand in future years. on