For the fourth year in a row, Oxford Properties has received the No. 1 ranking in the Global Real Estate Sustainability Benchmark (GRESB) in the North America, Diversified Office/Retail category and was ranked in the top five per cent of all GRESB respondents for 2016. For the fifth year in a row Oxford also received a Green Star designation for being in the top 20 per cent worldwide.
Oxford achieved a five per cent reduction in energy costs across its global portfolio in 2014-2015. Oxford encourages its employees to find savings and reduce consumption and engages with customers, employees, partners and communities on sustainability, the company says.
“We are extremely proud to be recognized for the measurable impact of our ongoing commitment to sustainability,” says Andrew McAllan, Oxford’s senior vice president, real estate management. “Sustainability is part of the culture at Oxford and it drives how we engage with employees, tenants and our industry peers.”
GRESB provides systematic assessment, objective scoring and peer benchmarking of global real estate investments. GRESB’s data allows investors to manage environmental, social and governance performance risks and to enhance returns. In 2016, GRESB covered 759 real estate portfolios valued at $2.8 trillion U.S.