2015 CORPORATE RESPONSIBILITY REPORT · 2015 Corporate Responsibility report reflects our resolve...

2015 CORPORATERESPONSIBILITYB R O O K F I E L D P R O P E R T Y P A R T N E R S

REPORT

GREEN OPERATIONS CASE STUDIES APPENDIXOVERVIEW ARTS & COMMUNITY

2

CONTENTS 3 A Message from CEO Ric Clark

4 Who We Are

5 Mission Statement

6 Governance

7 Stakeholder Engagement

8 2014 Goals and Measuring Achievement

11 Environmental Leadership

12 2014 Global Green Initiatives

13 Global Real Estate Sustainability Benchmark

17 Leadership in Energy & Environmental Design

18 Building Owners and Managers Association

20 Building Operator Certification

21 National Australian Built Environment Rating System

24 Building Research Establishment Environmental Assessment Methodology

25 2014 Global Green Building Certifications

26 Case Studies

28 Arts Brookfield

31 Community Engagement

35 2014 Awards and Recognition

36 Partner Companies

37 Contacts

Brookfield Place, New York


Along with delivering strong financial results and a commitment to operational excellence, corporate responsibility is a priority at Brookfield.

The 2015 Corporate Responsibility report reflects our resolve to challenge ourselves continually to promote sustainable growth, invest in green technologies, be transparent in all our operations, and make positive contributions in the communities where we live and work. Although this report provides a look back at the progress we made on these goals in 2014, we continue to look forward, raising our own expectations as an industry leader to have a positive and sustainable impact in the community and on the environment.

HIGHLIGHTS FROM 2014: • For the fourth consecutive year, we have been identified as a Green Star by the Global Sustainability Real Estate Benchmark (GRESB), their highest honor. Brookfield scored in the 94th percentile of 688 global survey participants – indicating we outperform 94% of GRESB respondents

• We reduced our energy consumption by 12% or 124,000 megawatt hours

• Since 2010 our global carbon emission savings is 20% or 106,800 metric tons

3

Every day, in every city in which we operate, Brookfield is investing in green innovations such as energy-efficient systems, environmentally sound construction technologies, and strategies to reduce our carbon footprint. We are also expanding our long-standing award-winning arts programs and initiatives to support local schools and non-profit organizations.

At Brookfield, we believe that these efforts promote the long-term interests of all our stakeholders, including employees, tenants, business partners, investors, local communities, government officials, and the commercial real estate industry at large. We also recognize that this commitment requires an open conversation and collaboration with each of these constituencies. To that end, we invite your views on the progress we have made to date, and equally important, what we can and should be doing in the years ahead.

Ric Clark Chief Executive Officer Brookfield Property Group

A MESSAGEFROM

RIC CLARK

4

Principal Place Roof Terrace, London

Wynyard Place, SydneyOUR ORGANIZATIONBrookfield Property Partners is one of the world’s largest and most

sophisticated owners, operators, and investors in property with over

$60 billion in assets and interests in over 130 premier office properties

and 150 best-in-class retail malls around the globe. Our company also

holds interests in the office, retail, multifamily, industrial, hospitality, and

triple net lease assets through Brookfield managed private funds.

Brookfield Property Partners has built its interests in property

platforms through the integration of formative portfolio acquisitions

and single asset transactions over many decades. Our collaborative

and disciplined approach to investing has been successful throughout

ever-changing market cycles.

WHOWE

ARE


5

COMMITMENT TO SUSTAINABLE PRACTICES Using resources in a responsible manner creates stability and long term property value. We recognize

this in our day-to-day operations and strive to conduct business by exploring ways to foster energy

efficiency and conserve natural resources.

Our objective is to maximize energy and resource efficiency at our properties, together with the wellness

and safety of tenants, employees, and those that live in the neighborhoods that house our properties.

This objective is achieved through an integrated strategy based on three principles that are

embedded in the Brookfield corporate culture. These tenets are the foundation of our commitment

to environmental responsibility.

It is the responsibility of the management and all employees of Brookfield Property Partners

to adhere to these principles to the best of their ability, using all available resources.

PRINCIPLE 3

To seek best-in-class

environmental certifications,

actively participate in

green industry organizations,

and support new initiatives

that foster the energy-

and resource-efficient

operation of buildings and

sustainable communities.

PRINCIPLE 2

To incorporate innovative

environmental strategies

in order to achieve best-

in-industry environmental

performance in all new

office developments.

PRINCIPLE 1

To operate, develop,

retrofit, and renovate

properties to achieve

optimum energy

efficiency, occupant

satisfaction, and reduced

carbon emissions.

MISSIONSTATEMENT


GOVERNANCE

6

Lou Maroun (Independent)

Chairman

Sigma Real Estate Advisors/Sigma Capital Corporation

Lars Rodert (Independent)

Founder and CEO

OstVast Capital Management

Lisa M. Shalett (Independent)

Former Partner and Global Head of Brand Marketing

and Digital Strategy

Goldman Sachs

Jose Ramon Valente Vias (Independent)

Partner and Executive Director

Econsult

Jeffrey Blidner (Chairman)

Senior Managing Partner

Brookfield Asset Management

Soon Young Chang

Senior Advisor

Investment Corporation of Dubai

Omar da Cunha (Independent)

Senior Partner

Dealmaker Ltd. and BOND Consultoria Empresarial

e Participacoes

Stephen DeNardo (Independent)

Managing Director, President and CEO

RiverOak Investment Corp, LLC

BOARD OF DIRECTORS

The Board of Directors of the general partner of Brookfield Property Partners is responsible for overseeing

all activities of Brookfield Property Partners including our board approved sustainability mission statement.


First Canadian Place, Toronto

7

Relationships are essential to Brookfield Property Partner’s success. By communicating our

various corporate responsibility initiatives to our tenants, investors, employees, government

officials, and other stakeholders, we can better anticipate emerging trends and improve

operational practices that enhance our environmental impact.

News is communicated on our corporate or property websites, presentations to investors,

marketing, and promotional material.

Collaboration is critical. We encourage stakeholder engagement and ongoing discussions

to improve corporate social responsibility within all of our operations.

STAKEHOLDERENGAGEMENT

Xintandi, Shanghai


8

2014 GOALS

Create a standard methodology to compare our greening programs across our global office portfolio.

Brookfield Property Partners is committed to socially responsible practices that deliver sustainable growth, value, and health for our business, tenants, and community. Structured around five key goals - environmental protection, tenant experience, industry leadership, community engagement, and philanthropy - we continue to introduce a broad platform of market-leading initiatives to address energy conservation, natural resource protection, air quality, waste management, and education.

We are proud of our achievements in sustainability, and we always look for ways to further improve. We believe in evaluating not just the performance of our properties, but our own processes as well. In 2014, Brookfield acted upon three goals that we expect will enhance our sustainability program going forward.

1

Brookfield Property Partners has standardized an approach for reporting global sustainability performance. We are now guided by a number of universal key performance indicators that are relevant to both our industry and our core principles.

We track our electricity consumption and savings using a common 2010 baseline year. Electricity savings are represented in megawatt-hours (MWh) and translated into tangible equivalents that our audience can relate to, such as “homes powered for a year” and “cars fueled for a year.”

GLOBAL ELECTRICITY SAVINGS - 2014 VS. 2010

Cars Fueled Homes Powered Region Savings Savings % For A Year For A Year

Australia 5,057 11.3% 83 421

Canada 60,471 12.4% 996 5,040

United States 58,529 11.8% 964 4,878

Total 124,057 12.1% 2,043 10,339

ELECTRICITY (MWh)

AND MEASURING ACHIEVEMENT

Our methodologies also align with the latest industry and reporting standards globally, namely, Global Real Estate Sustainability Benchmark (GRESB).

We also track performance by green building certification activity within the office portfolio: U.S. Green Buildings Council (USBGC), Canadian Green Buildings Council (CAGBC) and Building Owners and Managers Association (BOMA) in North America; Building Operator Certification (BOC) in Canada; National Australian Built Rating System (NABERS) in Australia; and Building Research Establishment Environmental Assessment Methodology (BREEAM) in the United Kingdom. While certification systems can differ regionally, the foundation of each program complements our objectives.


9

Identify opportunities to introduce new green programs. 2

Quantitative targets for energy and natural resource savings are established at the asset level. The

strategy for each asset differs depending on current performance, asset class, capital availability,

and stakeholder demand. We are investigating ways to integrate quantitative property targets into

global targets which involves overcoming the challenges of varying regional metrics.

Currently our global qualitative initiatives include green building design, ongoing certifications, tenant

engagement, and development of environmental marketing. Examples of these targets implemented

across our portfolio include Green Garages, Earth Hour, and internal environmental programs.

Establish a tailored engagement strategy to illustrate how Brookfield Property Partners’

day-to-day business operations and goals link to our sustainability efforts. 3

Using the results of the survey conducted across our global portfolio in 2014, we are developing

an engagement strategy for office tenants. We designed the survey with questions that recognize

topics of tenant interest, include tenants’ corporate environmental strategies, and identify the

importance of green practices in tenants’ selection of office space.

Survey results indicated that our tenants place importance on green practices and green building

certifications when selecting office space. Results also highlighted the top five interests for North

American tenants:

• Energy conservation

• Waste conservation and recycling

• Expanded bike facilities

• Electric vehicle infrastructure

• Participation in an energy auditBay Adelaide West, Toronto

2014 GOALSAND MEASURING ACHIEVEMENT


10

We have tailored our environmental programming for the coming year to better engage our tenants. As an example, in 2015 our Canadian office portfolio will introduce updated waste management materials with a greater emphasis on education. Additionally, tenants will be engaged in energy conservation topics via the Brookfield Tenant Energy Portal and energy audit discussions.

As we respond to the needs of our tenants through our 2015 action plan, we will continue to strive for ongoing improvement in the overall satisfaction of the tenants in our buildings.

Building on our tenant survey success, we will launch an employee engagement pilot via our bi-annual Canadian employee survey. The survey will include questions to measure employee interest in a formal environmental engagement program and environmental topics in general. We anticipate the results will be invaluable in the development and implementation of a sustainability program for our employees.

2014 TENANT SURVEY RESULTS

100%

90%

80%

70%

60%

50%

40%

30%

20%

10%

0%

44% 43%

54%

44%

60%

32%

91%

62%

75%

51%

89%

75%

UNITED STATES

CANADA

Participation in Green Team

Participation in Energy Audit

Electric Vehicle Infrastructure

Energy Conservation

Expanded Bike Facilities

Waste Conservation/ Recycling

2014 GOALSAND MEASURING ACHIEVEMENT


11

HOW FAR DOES OUR COMMITMENT TO THE ENVIRONMENT EXTEND?

It reaches over 63 million square feet of office space across 20 markets.

Brookfield Property Partners has a proven track record of developing, redeveloping,

and operating buildings with a high level of energy efficiency. We rely on local

sustainability standards to help guide our goals to reduce energy use and waste,

and to better manage our resources. In this way, we seek to deliver superior performance

and provide real estate of enduring value for our tenants and other stakeholders.

We are dedicated to achieving sustainability certifications for properties throughout

our global office portfolio.

ENVIRONMENTALLEADERSHIP

London Wall Place, London


2014 GLOBALGREEN

12

At Brookfield Property Partners, we strive to incorporate innovative environmental strategies at our properties in order to maintain our leadership status in environmental sustainability.

Brookfield’s Green garages include charging station for electric cars: 50 in the United States; 17 in Canada; 10 in Australia.

EARTH HOUR On March 28, 2014, Brookfield Property Partners joined with millions around the world turning off the lights in all of our office buildings for one hour in a collective action against global warming.

BROOKFIELD ENERGY MANAGEMENT COURSE In May 2014, BPY launched the Brookfield Energy Management Course which is required of all building operations employees at all office properties throughout our global portfolio. The course is unique to Brookfield Property Partners to keep us moving forward in energy management innovation.

THE GREEN GARAGE Implementation of the Green Garage recognizes increased demand in charging bays for electric cars, and our commitment to providing useful services and facilitates to our tenants.

The facilities are available 24 hours a day, seven days a week, ensuring that our tenants are provided with the latest environmentally friendly initiatives.

INITIATIVES


GRESBGLOBAL REAL ESTATE

Global Real Estate Sustainability Benchmark

(GRESB) is an industry-driven organization

that independently assesses the sustainability

performance of real estate portfolios. The

dynamic benchmark is used by institutional

investors to elevate the sustainability

performance of property companies.

13

SUSTAINABILITY BENCHMARK

SCORING MODEL

The GRESB survey is structured around seven sustainable aspects, plus a separate

aspect for new construction and major renovations. The weighted scores for each of

the seven aspects combined generate the overall GRESB score.

Brookfield Property Partners is a Green Star winner, outranking our peer group

member average by 14% and scoring a perfect 100 points in Management. We

improved our year-over-year score by 15 or more points in Policy & Disclosure, Risk &

Opportunities, Performance Indicators, New Construction & Major Renovations, and

increased our previous year’s overall score by six percent.


14

ASPECTS

Peer Average

Participation:

Legal Status %=GH98

ContactA5HH<9K

ojectRegion:

Type: Office

Peers:

MODEL

es

This Entity Peer Group Comparison

77 53 47

80 52 56

76 53 43

70 55 51

Implementation & Measurement

Mana

geme

nt &

Polic

y

0 50 100

0

50

100

CID

F

GL

GL

GL

GL

FREQ

UEN

CY

FREQ

UEN

CY

FREQ

UEN

CY

FREQ

UEN

CY

MEAN

SCORE

SCORE

SCORE

SCORE

MEAN

MEAN

MEAN

Brookfield

100 63 69

79 54 57

66 71 60

83 58 53

59 36 31

100 66 29

79 48 47

57 50 41

Management

Monitoring& EMS

PerformanceIndicators

StakeholderEngagement

NewConstruction

& MajorRenovations

,7CF 9

,7CF 9

,7CF 9

,7CF 9

,7CF 9

,7CF 9

,7CF 9

,7CF 9

Peer Group ComparisonBrookfield ScoreWeight in GRESB Score

GL

GL

GL

GL

GL

GL

GL

GL

Risks &Opportunities

Policy &Disclosure

FREQ

UEN

CY

FREQ

UEN

CY

FREQ

UEN

CY

FREQ

UEN

CY

FREQ

UEN

CY

FREQ

UEN

CY

FREQ

UEN

CY

FREQ

UEN

CY




Aspects

AspectWWeight in GRESB Scoreight in GRESB Scoree This Entity Peer Group GRESB

Management8.7%8.7%

100PEER

AVERAGE

GLOBAL

AVERAGE

Policy & Disclosure10.1%10.1%

93 +14

PEER

AVERAGE

GLOBAL

AVERAGE

Risks & Opportunities11.6%11.6%

94 +28

PEER

AVERAGE

GLOBAL

AVERAGE

Monitoring & EMS9.4%9.4%

69 -14

PEER

AVERAGE

GLOBAL

AVERAGE

Performance Indicators24.2%24.2%

75 +16

PEER

AVERAGE

GLOBAL

AVERAGE

Building Certifications10.8%10.8%

83 -17

PEER

AVERAGE

GLOBAL

AVERAGE

Stakeholder Engagement25.3%25.3%

83 +4

PEER

AVERAGE

GLOBAL

AVERAGE

New Construction & MajorRenovations0%0%

75 +18

PEER

AVERAGE

GLOBAL

AVERAGE

25

50

75

100

93

94

6975

83

83

75

Management

Policy &Disclosure


Monitoring &EMS


BuildingCertifications


NewConstruction

& MajorRenovations

84 +21

Score

Freq

uenc

y

0 100

77 +8

75 +20

Score

Freq

uenc

y

0 100

66 +9

87 +16

Score

Freq

uenc

y

0 100

67 +7

77 +19

Score

Freq

uenc

y

0 100

59 +6

51 +15

Score

Freq

uenc

y

0 100

39 +8

77 +11

Score

Freq

uenc

y

0 100

34 +5

66 +17

Score

Freq

uenc

y

0 100

57 +10

63 +13

Score

Freq

uenc

y

0 100

44 +3

GRESB Benchmark Report 2015 for Brookfield Office Properties Inc. — September 02 2015 00:43 UTC Page 5 of 67

Aspects

AspectWWeight in GRESB Scoreight in GRESB Scoree This Entity Peer Group GRESB

Management8.7%8.7%

100PEER

AVERAGE

GLOBAL

AVERAGE

Policy & Disclosure10.1%10.1%

93 +14

PEER

AVERAGE

GLOBAL

AVERAGE

Risks & Opportunities11.6%11.6%

94 +28

PEER

AVERAGE

GLOBAL

AVERAGE

Monitoring & EMS9.4%9.4%

69 -14

PEER

AVERAGE

GLOBAL

AVERAGE

Performance Indicators24.2%24.2%

75 +16

PEER

AVERAGE

GLOBAL

AVERAGE

Building Certifications10.8%10.8%

83 -17

PEER

AVERAGE

GLOBAL

AVERAGE

Stakeholder Engagement25.3%25.3%

83 +4

PEER

AVERAGE

GLOBAL

AVERAGE

New Construction & MajorRenovations0%0%

75 +18

PEER

AVERAGE

GLOBAL

AVERAGE

25

50

75

100

93

94

6975

83

83

75

Management

Policy &Disclosure


Monitoring &EMS


BuildingCertifications


NewConstruction

& MajorRenovations

84 +21

Score

Freq

uenc

y

0 100

77 +8

75 +20

Score

Freq

uenc

y

0 100

66 +9

87 +16

Score

Freq

uenc

y

0 100

67 +7

77 +19

Score

Freq

uenc

y

0 100

59 +6

51 +15

Score

Freq

uenc

y

0 100

39 +8

77 +11

Score

Freq

uenc

y

0 100

34 +5

66 +17

Score

Freq

uenc

y

0 100

57 +10

63 +13

Score

Freq

uenc

y

0 100

44 +3

GRESB Benchmark Report 2015 for Brookfield Office Properties Inc. — September 02 2015 00:43 UTC Page 5 of 67

15

QUADRANT MODEL The overall GRESB score is divided into two dimensions:

Management & Policy (MP) and Implementation & Measurement (IM).

MP is defined as “the means by which a company handles its

portfolio and stakeholders and/or a course or principle of action

adopted by the company.”

IM is defined as “the process of executing a decision or plan and/or

the action of measuring something related to the portfolio.”

The scores for MP and Implementation and IM are seen using the

GRESB Quadrant Model. Each participant is allocated to one of

the following quadrants:

GREEN STARTERS

Participants with a score of less than 50 on MP,

and a score of less than 50 on IM;

GREEN TALK

Participants with a score that is equal or larger than 50 on MP,

but a score of less than 50 on IM;

GREEN WALK

Participants with a score of less than 50 on MP,

but a score that is equal or larger than 50 on IM;

GREEN STARS

Participants with a score that is equal or larger than 50 on MP,

and a score that is equal or larger than 50 on IM.




Participation:

Legal Status %=GH98

ContactA5HH<9K

ojectRegion:

Type: Office

Peers:

MODEL

es


77 53 47

80 52 56

76 53 43

70 55 51


Mana

geme

nt &

Polic

y

0 50 100

0

50

100

CID

F

GL

GL

GL

GL

FREQ

UEN

CY

FREQ

UEN

CY

FREQ

UEN

CY

FREQ

UEN

CY

MEAN

SCORE

SCORE

SCORE

SCORE

MEAN

MEAN

MEAN

Brookfield

Participation:

Legal Status %=GH98

ContactA5HH<9K

ojectRegion:

Type: Office

Peers:

MODEL

es


77 53 47

80 52 56

76 53 43

70 55 51


Mana

geme

nt &

Polic

y

0 50 100

0

50

100

CID

F

GL

GL

GL

GL

FREQ

UEN

CY

FREQ

UEN

CY

FREQ

UEN

CY

FREQ

UEN

CY

MEAN

SCORE

SCORE

SCORE

SCORE

MEAN

MEAN

MEAN

Peer Group Average

Participation:

Legal Status %=GH98

ContactA5HH<9K

ojectRegion:

Type: Office

Peers:

MODEL

es


77 53 47

80 52 56

76 53 43

70 55 51


Mana

geme

nt &

Polic

y

0 50 100

0

50

100

CID

F

GL

GL

GL

GL

FREQ

UEN

CY

FREQ

UEN

CY

FREQ

UEN

CY

FREQ

UEN

CY

MEAN

SCORE

SCORE

SCORE

SCORE

MEAN

MEAN

MEAN

Peer Group

16

QUADRANT MODELGRESBGLOBAL REAL ESTATE



Bankers Court, Calgary

Participation:

Legal Status %=GH98

ContactA5HH<9K

ojectRegion:

Type: Office

Peers:

MODEL


Mana

geme

nt &

Polic

y

0 50 100

0

50

100

CID

F

GRESB Quadrant Model


Man

agem

ent &

Pol

icy

0 50 100

0

50

100

This Entity Peer Group Average Peer Group GRESB Average

Participation:

Legal Status %=GH98

ContactA5HH<9K

ojectRegion:

Type: Office

Peers:

MODEL

es


77 53 47

80 52 56

76 53 43

70 55 51


Mana

geme

nt &

Polic

y

0 50 100

0

50

100

CID

F

GL

GL

GL

GL

FREQ

UEN

CY

FREQ

UEN

CY

FREQ

UEN

CY

FREQ

UEN

CY

MEAN

SCORE

SCORE

SCORE

SCORE

MEAN

MEAN

MEAN

GRESB Average

LEED

17

U.S Green Building Council

Canada Green Building Council

2014 LEED CERTIFICATIONS

Property Location Status LEED

75 State Street Boston, MA Platinum LEED EB O&M

Met Park East Seattle, Washington Gold LEED EB O&M

Met Park West Seattle, Washington Gold LEED EB O&M

Silver Spring Metro Plaza 8401 Washington, DC Gold LEED EB O&M



200 Vesey Street New York, NY Gold LEED EB O&M

Royal Centre Vancouver, Canada Gold LEED EB O&M

601 South 12th Street Washington, DC Silver LEED EB O&M

701 South 12th Street Washington, DC Silver LEED EB O&M

More than 60,000 real estate projects are participating in Leadership in Energy & Environmental Design (LEED) across 150 countries and territories.

LEED certification provides independent verification of a building or neighborhood’s green features allowing for the design, construction, operations, and maintenance of resource-efficient, high-performing, healthy, and cost-effective buildings.

The LEED standard rates the environmental performance of many facets of real estate: existing buildings’ operations and maintenance (LEED EB O&M) and the core and shell of new developments (LEED CS). In total, 71% or 46 Brookfield office properties in North America are LEED certified.

Joining the 36 LEED certifications already in the portfolio, in 2014, Brookfield Property Partners secured ten new LEED certifications at the following North American properties:

We have an 11 million square foot active office development pipeline. Brookfield Property Partners has pledged to build all future office developments to a minimum standard of LEED Gold certification or local equivalent.

Our commitment to the LEED program extends beyond our buildings and planned developments to our workforce. Forty seven members of our property management team have secured LEED professional certifications: LEED (AP) Accredited Professional and LEED (GA) Green Associate.

LEED professional credentials signify that our employees are leaders in the field and active participants in the green building movement.

LEADERSHIP IN ENERGY & ENVIRONMENTAL DESIGN


The Building Owners and Managers Association (BOMA) International is a federation of 91 U.S. associations

and 17 international affiliates. Founded in 1907, BOMA represents the owners and managers of all commercial

property types.

KRISTINA SCHWARTZ

Vice President, Operations & Sustainability

Canadian Office Division

Brookfield Property Partners

CANADA 2014, our Canadian office portfolio—16 assets—

partnered with BOMA to expand the 360

Performance Designation into Canada.

Our buildings pursuing this designation have

been measured against current industry

standards and were given third-party

verification in six categories: building operations

and management; life safety, security and

risk management; training and education for

building personnel; energy management;

environmental/sustainability practices; and

tenant relations and community involvement.

Only those properties that satisfy all of the

requirements have been awarded the 360

designation and all of our Canadian buildings

received the certification. Brookfield Property

Partners is the first Canadian landlord to be

given BOMA 360 status.

“We’re incredibly proud to offer all of our

tenants BOMA 360-designated office space.

The 360 program encompasses the highest

standards of operational best practices—and

serves as an ideal complement to Brookfield’s

LEED certifications. It was an intensive process,

but given the prestige it brings to our brand,

and the assurance of excellence across every

facet of every property, it’s an extremely

worthwhile endeavor and one we will look to

replicate in other operating regions.”

BOMA

18

BOMA International is a primary source of information on building management

and operations, development, leasing, building operating costs, energy

consumption patterns, local and national building codes, legislation, occupancy

statistics, technological developments, and other industry trends.

The BOMA 360 Performance Program is designed to validate and recognize

commercial properties that demonstrate best practices in all major areas of

building operations and management.

CANADIAN BOMA 360 DESIGNATIONS 1. 105 Adelaide Street West, Toronto

2. 2 Queen Street East, Toronto

3. 70 York Street, Toronto

4. Bankers Court, Calgary

5. Bankers Hall, Calgary

6. Bay Adelaide Centre, Toronto

7. Brookfield Place, Toronto

8. Exchange Tower, Toronto

9. Fifth Avenue Place, Calgary

10. First Canadian Place, Toronto

11. Hudson’s Bay Centre, Toronto

12. Jean Edmonds Towers, Ottawa

13. Place de Ville, Ottawa

14. Queen’s Quay Terminal, Toronto

15. Royal Centre, Vancouver

16. Suncor Energy Centre, Calgary

BUILDING OWNERS ANDMANAGERS ASSOCIATION


1. 245 Park Avenue, New York

2. One Liberty Plaza, New York

3. One New York Plaza, New York

4. 300 Madison Avenue, New York

5. 200 Liberty Street, New York

6. Grace Building, New York

7. 601 Figueroa, Los Angeles

8. Ernst & Young Plaza, Los Angeles

9. Bank of America Plaza, Los Angeles

10. 1200 K Street, Washington, DC

11. 77 K Street, Washington, DC

12. 1250 Connecticut Avenue, Washington, DC

13. 1400 K Street NW, Washington, DC

14. 1625 Eye Street NW, Washington, DC

15. Victor Building, Washington, DC

16. *Bethesda Crescent, Bethesda, MD

17. Three Bethesda Metro Center, Bethesda, MD

UNITED STATES In 2007 Brookfield was one of the first landlords in the U.S. to engage in the BOMA 360 Program.

Now with 38 BOMA 360 designations in our U.S. office portfolio, or 75% of eligible properties,

Brookfield Property Partners is the industry leader among building operators and managers.

18. *Silver Spring Metro Plaza, Silver Spring, MD

19. Republic Plaza, Denver

20. Heritage Plaza, Houston

21. One Allen Center, Houston

22. Two Allen Center, Houston

23. Three Allen Center, Houston

24. Total Plaza, Houston

25. 1600 Smith Street, Houston

26. 75 State Street, Boston, MA

27. 701 South 12th Street, Arlington, VA

28. Two Ballston Plaza, Arlington, VA

29. 1550 Wilson Boulevard, Arlington, VA

30. 1560 Wilson Boulevard, Arlington, VA

31. 601 South 12th Street, Arlington, VA

32. Potomac Tower, Arlington, VA

33. One Reston Crescent, Reston, VA

34. Two Reston Crescent, Reston VA

*Note: Complex consists of three office buildings.

BOMABUILDING OWNERS AND

MANAGERS ASSOCIATION

19

Ernst & Young Plaza, Los Angeles


UNITED STATES BOMA 360 DESIGNATIONS

To maintain our commitment of implementing innovative energy conservation strategies, in 2014 Brookfield

Property Partners piloted the launch of the Building Operator Certification (BOC) program with the Canadian

Institute for Energy Training (CIET).

The BOC program provides participants with an overview of energy conservation best practices. We worked with

CIET to offer the program in both our Eastern and Western regions in Canada, and took advantage of provincial

incentives in Ontario via the saveONenergy program.

SaveONenergy is a conservation program designed to help

businesses manage electricity use. Local electric utility

companies provide energy savings measures to participants

in exchange for cost savings incentives on monthly billing.

The BOC program is comprised of eight courses including HVAC systems and

controls, energy performance benchmarking, lighting fundamentals, indoor

environmental quality, and electrical systems. In regional five-week courses,

19 participants from our Toronto and Calgary properties attended nine in-class

sessions, completed project assignments, and successfully wrote exams to achieve

BOC certification. We are pleased to be the initial organization to take part in this

course, earning the first Canadian BOC certification.

Toronto Skyline

BOCBUILDING OPERATOR

CERTIFICATION


20

52 Goulburn Street, Sydney

ABOUT NABERS

National Australian Built Environment Rating System (NABERS) is a national

rating system, administered by the New South Wales Office of Environment

and Heritage, that separately measures the energy efficiency, water usage, waste

management, or indoor environment quality of a building or tenancy, and which

is used to analyze the performance of some commercial buildings. As of August

2013, 2,028 projects have been rated with the NABERS rating systems.

NABERS ENERGY AND NABERS WATER - 6 STAR MAXIMUM 6 Stars Market leading

5 Stars Excellent

4 Stars Good

2.5 to 3 Stars Average

2 Stars Below average

1 Star Poor

0 Stars Very poor

IMPROVED 2014 RATINGS INCLUDE: • 52 Goulburn Street, Sydney, achieved first NABERS indoor environment

rating of 4.5 stars

• E&Y Centre and 50 Goulburn Street, Sydney achieved first NABERS

indoor environment rating of 4.5 stars

• Southern Cross East, Melbourne achieved NABERS indoor environment

rating of 5 stars, an increase from 4.5 stars

NABERSNATIONAL AUSTRALIAN BUILT

ENVIRONMENT RATING SYSTEM

Southern Cross East, MelbourneE&Y Centre, Sydney

21

In 2014, 100% of eligible buildings in our Australian portfolio

were rated for NABERS Water and 95% of our buildings

achieved a NABERS Base Building rating.


4.7 STAR*

AVERAGE NABERS ENERGY ACROSS

THE AUSTRALIAN OFFICE PORTFOLIO

*based on properties rated

**Indoor Environment Quality

Site Built Energy Water IEQ**

NABERS RATINGS

50 Goulburn Street 2004 4.5 3.5 4.5

E&Y Centre 2004 4.5 3.5 4.5

50 Goulburn Street 2007 5.5 4.5 4.5

American Express House 2007 5 4 4.5

Sydney Darling Park (1) 1993 5 3 -

Darling Park (2) 1999 5.5 3.5 -

IAG House 1976 4.5 4 4.5

KPMG Tower 2003 5 2.5 4.5

One Shelley Street 2009 5 5 4.5

235 St Georges Terrace 2009 5 4 -

Perth 108 St Georges Terrace 1988 - 1.5 -

Ernst & Young Building 2004 3.5 1.5 -

Brookfield Place Tower 1 2012 5 4 -

Canberra Infrastructure House 1989 5 4.5 4.5

Brisbane 324 Queen Street 1975 4 3.5 -

CBA Building 1988 4.5 4 -

Bourke Place 1991 3.5 2.5 -

Melbourne Southern Cross East 2006 4.5 3 5

Southern Cross West 2009 4.5 4.5 5

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5 STAR*

NABERS ENERGY BASE BUILDING RATING ACHIEVED

AND MAINTAINED BY BROOKFIELD PLACE PERTH

4.5 STAR*

NABERS WATER RATING ACHIEVED AND

MAINTAINED BY BROOKFIELD PLACE PERTH


SINCE 2008 WE HAVE REDUCED

ELECTRICITY USE BY 30%


WATER USE BY 10%


GAS CONSUMPTION BY OVER 6 MILLION MJ (Megajoule)

SINCE 2008 THE PORTFOLIO HAS GROWN

43% WITH A LESS THAN 1% INCREASE

IN ELECTRICITY USAGE

NABERS ENERGY ACCREDITED PROFESSIONALS Ten BPY professionals attended NABERS accreditation training for assessing a property’s

performance in accordance with the NABERS rating protocols.

BETTER BUILDINGS PARTNERSHIP Brookfield Property Partners has come together with the local government in Sydney to

launch the Better Buildings Partnership, an initiative that seeks to reduce water waste and

carbon emissions from buildings. BPY has and will continue to engage with the government

and other property owners to deliver policies and sustainability specific lease clauses that

support a low carbon future.

Perth Skyline

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BREEAMBUILDING RESEARCH

ESTABLISHMENT ENVIRONMENTAL ASSESSMENT METHODOLOGY

24

ABOUT BREEAM BREEAM is the United Kingdom’s foremost environmental assessment method and rating

system for buildings. Since it was first launched in 1990, 425,000 buildings have been

certified with BREEAM assessment ratings, and two million are registered for assessment.

BREEAM sets the standard for best practice in sustainable building design, construction and

operation because it encourages designers, clients, and others to think about low carbon and

low impact design.

A BREEAM assessment uses recognized measures of performance, which are set against

established benchmarks to evaluate a building’s specification, design, construction, and use.

The measures used represent a broad range of categories and criteria from energy to ecology.

They include aspects related to energy and water use, the internal environment (health and

well-being), pollution, transport, materials, waste, ecology, and management processes.

London Skyline

In 2014, 100% of Brookfield’s eligible office buildings in the

UK received BREEAM certifications in the Refurbishment

and Energy Performance Certificate (EPC) categories.


Potomac Tower, Washington, DC

2014 GLOBALGREEN

BUILDINGCERTIFICATIONS

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44 ENERGY STAR CERTIFICATIONS

46 LEED CERTIFICATIONS

54 BOMA 360 CERTIFICATIONS

100% OF OUR CANADIAN & UK OFFICE PROPERTIES HAVE AT LEAST ONE CERTIFICATION

GLOBAL PORTFOLIO GREEN BUILDING CERTIFICATIONS

88%OF OUR GLOBAL OFFICE PORTFOLIO HAS ACHIEVED A SUSTAINABILITY DESIGNATION

NABERS, BOMA 360, LEED EB:OM, LEED CS, ENERGY PERFORMANCE CERTIFICATION (EPC), AND BREEAM

98% OF OUR AUSTRALIAN OFFICE PROPERTIES HAVE AT LEAST ONE CERTIFICATION

85% OF OUR UNITED STATES OFFICE PROPERTIES HAVE AT LEAST ONE CERTIFICATION

CASESTUDY

BROOKFIELD PLACE, CALGARY, CA Brookfield Place Calgary East, currently under construction, is poised to be the tallest building in Western Canada upon

its completion in 2017. Located in the heart of downtown, the tower will be 56 stories tall, and feature a large plaza at over

half an acre in size. The plaza will include a glazed pavilion that links to the plus-15 skywalk system that connects the city.

Brookfield Place Calgary has been designed to a LEED Core & Shell Gold standard. A double glazed curtain wall and vision

panel glazing will be used on the building to provide its future occupants with natural light and views from the tower.

To maximize energy savings, Brookfield Place Calgary will use high efficiency chillers and condensing boilers, as well

as reflective roof paving materials. The highly reflective roof pavers will not only benefit the building, but also the

greater community by helping to reduce the heat island effect in Calgary’s downtown core. A number of strategies

will be used to achieve water efficiency, such as the installation of high efficiency toilets and low flow hand fixtures

within the tower, and a high efficiency irrigation system for landscaping. Another key water feature is Brookfield Place

Calgary’s storm water cistern, which will collect storm water and slow its release back into the municipal storm system.

The cistern will also filter out any suspended solids from the storm water run-off.

The building will provide tenants with a healthy indoor environment through the use of low emitting materials and

implementation of a complementary green housekeeping program for the ongoing maintenance of the facility. Finally,

materials with high recycled content will be selected to further reduce the environmental footprint of the building.

Brookfield Place, Calgary

Brookfield Place, Calgary

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CASESTUDY

BROOKFIELD PLACE TOWER 2 PERTH, AU Brookfield Place Perth Tower 2 is a

new commercial development in the

heart of the Perth Central Business

District. It reflects the latest thinking

in corporate workplace design and

facilities. Tower 2 is a premium

grade 16 level office building with

approximately 34,000 square meters

of net lettable area scheduled for

completion at the end of 2015.

The building incorporates a number of sustainable features which include:

• 5 Green Star Design rating

• Targeting 5 star NABERS base building energy rating

• T5 light fixtures and LED lighting throughout

• Daylight harvesting

• Light zoning and control system

• Low flow fitting in bathrooms

• Grey water harvesting

• Destination control lifts incorporating smart strategies

• Tri-generation system

• End of trip facilities

Brookfield Place, Perth Brookfield Place, Perth

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Lowdown Hudson Blues Festival, New York

ARTSBROOKFIELD

Brookfield Property Partners’ corporate

responsibility strategy goes beyond the

development, ownership, and operation of

sustainable commercial real estate. We also

enhance the communities in which our

buildings are located through our award

winning international arts and events program,

Arts Brookfield. For more than 25 years, our

program has helped invigorate public spaces

through the presentation of free cultural

experiences in BPY’s premier office buildings

around the world. By commissioning,

producing, and presenting world-class works

of art, Arts Brookfield supports creativity

and innovation in the fields of music, dance,

theater, film, and visual art.

Annual events including the Winter Lights

Festival, Perth International Jazz Festival,

Canstruction, Tribeca Film Festival Drive-In,

Lowdown Hudson Music Fest, Silent Film/Live

Music series, and The Winter Garden Holiday

Lighting draw thousands of visitors.

In 2014, Arts Brookfield celebrated its 25th

Anniversary through an interactive initiative,

Art Set Free. Emerging, established, and amateur

artists were invited to submit original artworks in

any genre, style, and medium for digital display

at BPY’s premier properties around the globe

and on ArtsBrookfield25.com.

• Art Set Free reached 39.5 million

people worldwide via media impressions.

• The Art Set Free digital art collection

included 31,300 artworks from 3,746

artists in 111 countries in 1,100 cities.

• ArtsBrookfield25.com had over

110,000 page views.

• Arts Brookfield’s Facebook page

reached 15,000 Likes.


was named one of the ten Best

Businesses Partnering with

the Arts in America in 2014 by

Americans for the Arts.

Tangle, Los Angeles Summer on the Plaza, Los Angeles

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Desert Air, Los Angeles

ARTSBROOKFIELD

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Desert Air, Toronto

Desert Air, HoustonDesert Air, New York


GLOBAL PROGRAMMING

The arts are vital to the development of thriving communities. In the spirit of connectivity,

we often share programming throughout our portfolio. Here are a few examples from 2014:

DESERT AIR - GEORGE STEINMETZ ”Desert Air” exhibitions were on view in our Denver, Los Angeles, New York, and Toronto properties.

This exhibition featured large-scale photographs from the book “Desert Air” by George Steinmetz.

The award-winning National Geographic photographer spent 15 years documenting the world’s

extreme deserts in 27 countries plus Antarctica.

ARTSBROOKFIELD

WINGS - COLETTE MILLER Los Angeles based artist and filmmaker Colette

Miller brought her internationally renowned

angel wings art installation to Brookfield’s

properties in Los Angeles, Melbourne, Perth, and

Sydney June through November in 2014. Angel

Wings have been installed across the world and

have become an Instagram phenomenon.

Wings Canstruction Canstruction

CANSTRUCTION Canstruction is a unique charity which

hosts competitions, exhibitions, and events

showcasing structures made out of full cans of

food. In our sixth year, Brookfield’s Australian

and United States properties were proud to join

Canstruction to showcase thirty sculptures that

provided 81,000 cans of food to those in need.

Wings CanstructionWings

Wings

Canstruction

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CHARITABLE GIVING We support impactful charitable

organizations in the communities

where we operate, especially

those groups that are focused in

the areas of education (including

programs that focus on the real

estate sector), environmental

protection, local healthcare, and

arts and culture.

MATCHING GIFTS To make individual employee

contributions more meaningful and

to encourage employees to

participate, we allocate a portion

of our charitable giving budget to

a matching gift program. BPY’s

matching donations program provides

a 1-to-1 company match of employees’

individual financial contributions to

qualified charitable organizations.

COMMUNITYENGAGEMENT

At Brookfield Property Partners, we believe that making a positive contribution to the communities in

which we operate is fundamental to the way we do business. Through various initiatives, the goal of our

corporate citizenship program is to use both our human and financial resources to help enrich the lives

of those in need within our markets. We seek to instill a culture of charitable giving and volunteerism

amongst our colleagues and business partners.

REGIONAL PROGRAMMING We encourage our employees

to be active volunteers in their

communities and provide

opportunities at the workplace as

well. Throughout our international

portfolio, Brookfield Property

Partners has standing partnerships

with organizations including

Habitat for Humanity, Midnight

Mission, Make-a-Wish, Starlight

Starbright Children’s Foundation,

Canstruction, United Way, and the

Special Olympics, among others.

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Special Olympics

COMMUNITYENGAGEMENT

AUSTRALIA

STARLIGHT DAY Brookfield Property Partners is proud to support Starlight Children’s Foundation, a nonprofit organization that

provides entertainment, education, and family activities for chronically ill children. On Starlight Day, May 1, 2014,

stalls were set up at six properties to sell merchandise and raise awareness for the Starlight Foundation.

MULTIPLE SCELROSIS CUPCAKE HANDOUT Brookfield has partnered with MS Australia over the past three years to provide support with a range of

research and awareness campaigns, including the national Kiss Goodbye to MS campaign. Based on previous

years’ success, employees organized a nationwide cupcake hand out at Brookfield’s properties to help raise

awareness and funds for MS research.

CLEAN UP AUSTRALIA DAY During Clean Up Australia Day, Brookfield Property Partners’ teams conduct extensive sweeps of all Brookfield

properties to ensure they are rubbish free. To encourage tenants to re-think their waste, Brookfield hosts an ewaste

collection and for every item of expired e-waste collected (e.g. printers, mobile phones, and cameras).

TARONGA CONSERVATION SOCIETY AUSTRALIA Brookfield Property Partners is proud to support the Taronga Conservation Society Australia. Taronga projects

work to protect endangered species, increase understanding of wildlife, and inspire community action.

PROPERTY INDUSTRY FOUNDATION Property Industry Foundation (PIF) helps charities that provide services to homeless and at risk youth.

The Foundation has grown to become the property industry’s charity, raising over $1.5 million a year.

Brookfield Property Partners contributes to PIF through its National Platinum sponsorship, sponsorship of

the PIF Regatta in Melbourne, and Brookfield employees contributing with in-kind volunteer work.

AUSTRALIAN RED CROSS BLOOD SERVICE Through Club Red, Brookfield Property Partners supports the Australian Red Cross Blood Service.

Our employees have donated enough blood to save over 370 lives.

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Clean Up Australia Day

Australian Red Cross Blood Service


COMMUNITYENGAGEMENT

MS Cupcake HandoutMultiple Scelrosis Cupcake Handout Canadian Breast Cancer FoundationShare A Christmas & Festive SeasonUnited Way, Bankers Hall, Calgary

CANADA

UNITED WAY Over the last decade, Brookfield has raised over $3 million for United Way through annual donations and

campaigns managed by our Canadian employees including The Silent Auction and The Real Estate Stair Climb.

ALBERTA CHILDREN’S HOSPITAL SHARE A CHRISTMAS AND FESTIVE SEASON PROGRAM Brookfield Property Partners’ Calgary office has partnered with Alberta Children’s Hospital’s “Share

a Christmas and Festive Season” for the past five years. The overwhelming generosity of the Calgary

staff and executives each year results in more substantial support to families in need. This year,

Brookfield supported four families to fulfill their holiday wish lists…and then some!

CANADIAN BREAST CANCER FOUNDATION Every September since 2003, Bankers Hall in Calgary hosts the Canadian Breast Cancer Foundation’s

annual Survivors’ Parade. The time-honored parade has continued to see an increase over the years, with

the 10th annual event drawing more than 180 breast cancer survivors.

Gathering at Bankers’ Hall, the survivors form groups based on their years of survivorship. The survivors

then descend the escalators in the middle of the mall, while friends, family, and mall-goers cheer and

show their support.

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COMMUNITYENGAGEMENT

Special Olympics

Sculpture in the City

Harris County Toy Drive

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UNITED STATES

SPECIAL OLYMPICS Brookfield’s DC region has been the presenting sponsor for Special Olympics DC Summer Games for the past 12 years.

In that time, the region has raised over $1.5 million for the organization and contributed on average about 800 volunteer

hours a year. Brookfield is also active on the Special Olympics board and host committee for the annual Night of Trees event.

‘BATTLE OF THE PADDLES’ PING PONG TOURNAMENT Twenty five teams of four faced off at the trendy Spin Standard ping pong club and bar in downtown Los Angeles during

the “Battle of the Paddles” Hillsides Charity Ping Pong Tournament. Brookfield Property Partners sponsored eight

employees in the tournament. The monies raised were used to fund major improvements to Hillsides’ aging 101-year-old

campus that provides a safe and stable environment for at-risk youth and their families throughout Los Angeles County.

STORY BY STORY’S STAIR CLIMB Over 1,200 participants climbed Brookfield’s 44-story 245 Park Avenue skyscraper to increase awareness and raise funds

to break the cycle of domestic violence. At Story by Story, the climb was kick-started with a mass exercise warm-up

session, and a drumming band helped the climbers get into step as they prepared to scale the building. 2014’s Stair

Climb event participants, volunteers, and contributors raised over $180,000.

HARRIS COUNTY TOY DRIVE Houston’s Heritage Plaza has participated in the Harris County Child Protective Services (CPS) Holiday Wish list program

for the past several years to benefit abused children who are under the care of CPS. In effort to spread holiday cheer, each

child’s case worker submits three wishes specifically requested by the child, and a sponsor can fulfill one or all of the wishes.

This year, the Holiday Wish List program was rolled out in each of Brookfield Property Partners’ eight Houston buildings.

The generosity of BPY’s tenants was overwhelming and surpassed expectations, fulfilling the wish lists of 1500 children.

UNITED KINGDOM

SCULPTURE IN THE CITY Brookfield Property Partners is a proud sponsor of Sculpture in the City, a public art exhibition set amongst many

of London’s architectural landmarks including Brookfield’s 99 Bishopsgate, Norman Foster’s Gherkin, and Richard

Rogers Lloyd’s building. In its fifth year, Sculpture in the City aims to enhance the City of London’s urban environment

with cutting-edge contemporary works from leading artists. Sculpture in the City also provides a community outreach

education program that invites local schools to explore the public realm spaces which Sculpture in the City inhabits

through a series of workshops. The schools workshops are led by the Open-City education team with the generous

support of volunteers from sponsor companies and local architecture practices.

Los Angeles Skyline

• Best Public Space

Brookfield Place, New York Pavilion

Awarded by the Greater New York

Construction User Council

• Best Place to Work

Brookfield Los Angeles and Washington DC offices

Awarded by LA Business Journal

and DC Business Journal

• Special Award for Outstanding Leadership

in Sustainability, Corporate Philanthropy, and

Community Engagement


Awarded by City & State New York

• The National Landscape Award of Excellence

Brookfield Place New York

Awarded by Professional Landscape Network

• The Outstanding Building of the Year

Heritage Plaza, Houston

Awarded by BOMA

• Visionary Award

Figueroa at Wilshire, Los Angeles

Awarded by BOMA

• Development of the Year

Brookfield Place, Perth

Awarded by Property Council of Australia

and Urban Taskforce of Australia

• Best Business Partnering with

the Arts in America

Arts Brookfield

Awarded by Americans for the ArtsFigueroa at Wilshire, Los Angeles

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2014 AWARDSAND RECOGNITION& RECOGNITION

Ritz Carlton, San FranciscoPARTNERCOMPANIES

Brookfield Property Partners holds ownership interests in a number of real estate companies, all of which have robust sustainability programs. We encourage you to review these programs on their company websites:

GENERAL GROWTH PARTNERS ggp.com

ROUSE PROPERTIES rouseproperties.com

IDI GAZELEY brookfieldlogisticsproperties.com

FAIRFIELD RESIDENTIAL fairfieldresidential.com

THAYER LODGING thayerlodging.com

CAPITAL AUTOMOTIVE capitalautomotive.com

Alterra Apartments, La Mesa, CA

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CORPORATE Investor Relations

MATTHEW CHERRY Vice President, Investor Relations

[email protected]

212.417.7488

CONTACTSAUSTRALIA JAMIE LOADER

National Operations

& Sustainability Manager

[email protected]

+61 2 9322 2143

Media

MELISSA COLEY

Vice President, Communications,

Government Realtions and

Corporate Social Responsibility

[email protected]

212.417.7215

London Wall Place, London

CANADA KRISTINA SCHWARTZ

Vice President, Operations

& Sustainability

[email protected]

416.369.8277

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UNITED STATES RICHARD BACHIA

Senior Vice President, Property Operations

[email protected]

212.417.7075

UNITED KINGDOM STEVEN CHESHIRE

Operations Director

[email protected]

+44 (0) 20 7659 3500

2015 CORPORATE RESPONSIBILITY REPORT · 2015 Corporate Responsibility report reflects our resolve...

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Transcript of 2015 CORPORATE RESPONSIBILITY REPORT · 2015 Corporate Responsibility report reflects our resolve...