- Data completeness and quality challenges in decarbonization modeling (lack of whole building data, tenant utility data)
- Decline in recycling post-pandemic
- Increased insured losses from natural catastrophes
- Insurer capacity constraints and increased frequency/severity of climate events impacting insurance pricing and availability
Oxford Properties Group
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Oxford Properties Group disclosed greenhouse gas emissions of 197.9K tCO2e/year (Scope 1 & 2). By scope: Scope 1: 83.3K tCO2e/year; Scope 2: 114.7K tCO2e/year (market-based); Scope 3: 75.1K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
197.9K tCO2e/year (Scope 1 & 2)
2023
Water Usage
4.4M m3/year
2023
Waste
21.3K tons/year
2023
Energy Use
1.1M eMWh/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 83.3K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 114.7K tCO2e/year (market-based) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 75.1K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 197.9K tCO2e/year (Scope 1 & 2) |
| 2022 | 203.2K tCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced carbon emissions intensity by 17% from our 2019 baseline
- Developed a Carbon Emissions Forecast Model to help property teams model pathways to net zero
- Developed an Asset Decarbonization Toolkit to enable teams to undertake a detailed building audit
- Over 55% of our asset-managed portfolio by GFA either have a decarbonization plan in development or have already completed one
- Conducted a location-based, desktop physical climate risk screen of our portfolio
- Reduced total carbon emissions (Scope 1 and 2) by 22%
- Reduced energy intensity by 11%
- Increased waste diversion rate by 3.4 percentage points year-over-year (2022-2023)
🎯 Climate & Sustainability Targets
🔜 Short-term
- Achieve 25% of total assets with completed decarbonization plans by 2024
- Reduce embodied carbon emissions across our developments by 2024
- Increase renewable energy generation and/or procurement across properties by 2024
- Develop carbon offset guidelines by 2024
- Prioritize and engage top assets at highest climate exposure to conduct detailed physical climate risk assessment and develop adaptation plans by 2024
📅 Medium-term
- Achieve 50% carbon intensity reduction by 2030
- Assess opportunities to expand our positive community impact by 2024
- Maximize and measure community impact aligned to indicators by 2024
- Achieve building certifications for 95% of global office portfolio by 2024
- Develop Green Lease Guidance and ESG agreement clauses for global third-party property managers by 2024
🔭 Long-term
- Reach net zero carbon by 2050
🌱 ESG Focus Areas
Climate-proofing our portfolioCreating meaningful impactEnhancing ESG practices