Oxford Properties Group

Oxford Properties Group

November 03, 2011 10:47 ET

Oxford Achieves 20% GHG Reduction Target Ahead of Schedule; Commits to Further 10% Energy Reduction Nationally

Oxford 2011 Sustainable Intelligence Report Released

TORONTO, ONTARIO--(Marketwire - Nov. 3, 2011) - Oxford Properties Group, the real estate arm of the OMERS Worldwide Group of Companies and one of North America's largest commercial real estate owners, developers and managers, announced today the release of its 2011 Sustainable Intelligence Report, including the achievement of its industry leading greenhouse gas reduction commitment, Target 2012.

"Oxford's vision around sustainability is clear," said Blake Hutcheson, President and CEO, Oxford Properties. "We want to continue to grow our business without growing our environmental footprint and we want to continue to be an employer, partner, and landlord of choice. This is a core principle of Oxford, and we want to do it in a way that is transparent, and measurable."

Oxford's Target 2012 commitment – the goal of reducing greenhouse gas emissions in managed properties (20% from a 2005 base year) by 2012 – was, and remains, an industry first in Canada. Oxford achieved this reduction two years ahead of schedule and surpassed the goal by achieving a 21.9% reduction, which is equivalent to taking 23,000 cars off the road. Oxford has committed to a new target, partnering with tenants, to achieve an additional 10% energy reduction across Oxford's Canadian portfolio over the next four years (from a 2010 base year), building on the Greening Greater Toronto Race to Reduce initiative and growing it to a national scale.

"Oxford has earned the respect of our stakeholders for measuring our footprint, setting targets and driving performance improvements," said Hutcheson. "We are taking our efforts to the next level this year by setting new targets for energy, water, waste, and sustainable building materials, and aligning our reporting with the new Global Reporting Initiative (GRI) Construction and Real Estate Sector Supplement (CRESS)."

GRI is the world's most respected sustainability reporting framework, and Oxford was one of the key Canadian real estate companies to be engaged by GRI on the international, multi-stakeholder group that developed the new CRESS guidelines.

Oxford has also recently ranked in the top 10 globally among private funds and top 3 in North America in the 2011 Global Real Estate Sustainability Benchmark (GRESB). The GRESB is the first global effort to assess the environmental and social performance of the global property sector.

A full version of Oxford's Sustainable Intelligence report can be viewed at: www.oxfordproperties.com/sustainable.

ABOUT OXFORD

Oxford Properties Group, the real estate arm of the OMERS Worldwide Group of Companies, is a global platform for real estate investment, development and management, with over 1,300 employees and approximately $19 billion of real assets that it manages for itself and on behalf of its co-owners and investment partners. Established in 1960, Oxford was acquired in 2001 by OMERS, one of Canada's largest pension funds with over $53 billion in assets. Oxford has regional offices in Toronto, London and New York, each with investment, development and management professionals who have deep real estate expertise and local market insight.

Contact Information

  • Oxford Properties
    Claire Kennedy
    416-350-4734