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Oxford Properties Cuts Energy Consumption by 11% Across Its Toronto Office Portfolio

Energy consumption across leading real estate company Oxford Properties Group's Toronto office building portfolio has been driven down by a dramatic 11 per cent since 2010, a target reached almost two years ahead of schedule.

The reduction achieved represents enough energy to power close to 3,000 Ontario homes for one year. Oxford's energy and emissions data is collected and validated in conjunction with recognized 3rd parties and quantified in accordance with leading international standards and protocols.

Oxford achieved this considerable energy reduction milestone as a participant in the Toronto's "Race to Reduce" initiative sponsored by CivicAction, which launched nearly two years ago and challenged participants to cut their energy use by 10 per cent by 2014 (relative to a 2010 base year).

"At Oxford we're committed to growing our business without expanding our environmental footprint, and sustainability continues to be one our key priorities," says Blake Hutcheson, Oxford President and CEO. "It takes a lot of work, and is an ongoing and collaborative effort among our employees, tenants, customers, co-owners and service providers with the support of our parent company, OMERS. We commend everyone who has contributed to this effort, and will continue to challenge ourselves with targets and initiatives to make our entire portfolio of Canadian office buildings more efficient."

Read the full article here.

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Canadian Property Management