The Oxford approach to sustainability

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Our ESG Framework

Our Framework is grounded in the OMERS approach to sustainable investing, which centres on integrating ESG into all investment decisions, collaborating with others to drive change and engaging with the companies in which we invest to pursue better practices and outcomes.

We take a long-term approach by setting a strong foundation and ensuring adequate flexibility to adapt, improve, and evolve alongside expectations and opportunities. Moreover, as part of the OMERS family, we invest and manage our portfolio on behalf of its Plan members, and it is imperative that we take a long term view every day, in all that we do in order to build tomorrow together. Oxford’s sustainability approach aligns with OMERS target of net zero carbon emissions by 2050 and Climate Action Plan.

Priorities of our ESG Framework

1 Integrate ESG throughout our activities

Designing and monitoring our program to cover the full asset life cycle across diverse investment types, including all managed and non-managed assets, businesses, and platforms to create impact at scale.

2 Solidify our data foundation

Elevating data infrastructure and data capabilities to collect, analyze, and assure investment grade data, and increase our ability to develop action plans on the basis of real data.

3 Decarbonize our assets

Defining a path to net zero for our assets by performing decarbonization audits, preparing stranding analyses using Carbon Risk Real Estate Monitor (CRREM), and developing asset-level plans.

As part of the OMERS family, we have a responsibility to our Plan members to take a long-term, sustainable approach to investing and asset management. By aligning our sustainability efforts with OMERS’ strategic priorities, we can create lasting value for our stakeholders while positively contributing to a more sustainable future.”

Daniel Fournier, Oxford Properties Executive Chair

The Framework is built upon three pillars, each with three focus areas and two corresponding sub-topics that were defined through a materiality assessment and input from our internal and external stakeholders. It identifies the areas that can foster Oxford’s long-term success and where we can have the greatest positive impact. We will update it iteratively based on climate science and research, regulatory best practices, market trends, and changing customer needs.

All UN member states adopted the UN SDGs in 2015 to provide a shared blueprint and set targets for peace and prosperity for people and the planet.

Environment

Climate-proofing our portfolio

Putting our assets on a net zero carbon pathway while improving their efficiency and resilience.

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Net zero carbon

Operational carbon • Embodied carbon

Climate resilience

Climate risk • Resilient design

Nature

Circularity • Biodiversity


Social

Creating meaningful impact

Creating positive meaningful improvements in the communities in which we invest and operate.

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Our people

Employee engagement • Inclusion & diversity

Community impact

Community wellbeing • Local economic development

Sustainable sourcing

Labour practices • Responsible materials


Governance

Enhancing ESG practices

Enabling best practice and embedding ESG throughout the organization.

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ESG governance

ESG leadership • ESG risk management

ESG toolkit

ESG protocols • Innovative instruments

Investment grade data

Data management • ESG transparency

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