Oxford Properties Group

Oxford Properties Group

September 05, 2013 13:50 ET

Oxford Properties Ranks First in North American Sustainability Performance

2013 Global Real Estate Sustainability Benchmark Survey recognizes sustainability best PRACTICES

TORONTO, ONTARIO--(Marketwired - Sept. 5, 2013) - Increased energy and water efficiency, LEED certification, sustainability targets, and a new Green Lease for tenants helped Oxford Properties achieve the top spot in the Global Real Estate Sustainability Benchmark (GRESB) survey as the North American Regional Sector Leader in the Diversified-Office and Retail category. Oxford increased its ranking from third in the Americas (private) and fifth globally in 2012.

Released today, the 2013 GRESB Report measures the sustainability performance of listed and private property funds in the international real estate industry across seven aspects including: management, policy and disclosure, performance, building certifications, risks and opportunities, monitoring, and stakeholder engagement. This year's report is based on a global survey of 543 of the world's largest property companies and funds, representing $1.6 trillion in gross asset value.

"Oxford's ranking reflects the commitment of our tenants, customers, partners and employees to make sustainable practices a priority and drive meaningful results across our portfolio of buildings," said Andrew McAllan, Senior Vice President and Managing Director, Real Estate Management, Oxford Properties. "In every interaction, every day at Oxford, we strive to continually improve our world class reputation, returns and commitment to doing the right thing when it comes to sustainability."

Key elements of Oxford's sustainability program that have contributed to the company's success include:

  • TARGETS - Oxford sets targets for energy, water, waste and other management practices across its portfolio, and aligns the compensation of staff with these targets.
  • GREEN BUILDING - Oxford is a leader in achieving credible, green building certifications across its portfolio: 40% LEED certified (office); over 80% BOMA BESt certified (retail); and 100% certified Green Keys (hotel).
  • TENANT ENGAGEMENT - Oxford has a comprehensive program for engaging tenants to help reduce the impact of buildings through joint landlord-tenant green teams, occupant campaigns, tenant guides, and regular meetings and reporting.
  • GREEN LEASE - Oxford is the first commercial office owner/manager to offer a meaningful green lease as its 'new standard' to its tenants.
  • OUR EMPLOYEES & COMMUNITIES - Oxford helps employees make a positive contribution to their communities through its volunteer sponsorship program, and recognizes top performing employees and properties each year through a series of dedicated Sustainable Intelligence awards.

Sustainable Intelligence™ is Oxford's formal program for managing and communicating our sustainability performance to stakeholders Sustainable Intelligence describes every facet of Oxford's approach--from identifying opportunities and establishing goals, to implementing plans and measuring performance. A full version of Oxford's Sustainable Intelligence report can be viewed at: www.oxfordproperties.com/sustainable.

About Oxford Properties

Oxford Properties Group is a global platform for real estate investment, development and management, with over 1,700 employees and over $22 billion of real assets that it manages for itself and on behalf of its co-owners and investment partners. Established in 1960, Oxford has regional offices in Toronto, London and New York, and the company's portfolio includes approximately 50 million square feet of office, retail, industrial, multi-family and hotel properties. Oxford is the real estate arm of the OMERS Worldwide Group of Companies. For more information about Oxford, visit: www.oxfordproperties.com.

About GRESB

GRESB is an industry-driven organization committed to assessing the sustainability performance of real estate portfolios (public, private and direct) around the globe. The dynamic benchmark is used by institutional investors to engage with their investments with the aim to improve the sustainability performance of their investment portfolio, and the global property sector at large.

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