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Report and Analysis of
Brookfield CSR Initiative
Charlie Chen | UTS Business School Course 21874 | October 6, 2013
Table of Contents
Executive Summary .................................................................................................................................. 2
Introduction.............................................................................................................................................. 3
Environment Protection & Sustainable Growth ..................................................................................... 3
Principle 1 ........................................................................................................................................... 3
Principle 2 .......................................................................................................................................... 4
Principle 3 .......................................................................................................................................... 4
LEED® Certification - U.S. and Canada ................................................................................................... 4
Green Star and NABERS - Australia ........................................................................................................ 4
Green Star1 and NABERS Ratings ............................................................................................................ 5
Sydney ................................................................................................................................................... 5
Melbourne ............................................................................................................................................. 5
Perth ...................................................................................................................................................... 5
Energy Efficiency Innovations ................................................................................................................. 7
Alternative Transportation .................................................................................................................. 7
Electric Vehicle Charging Stations ...................................................................................................... 7
Featured Properties .................................................................................................................................. 7
One World Financial Center, New York City..................................................................................... 7
One Shelley Street, Sydney ................................................................................................................. 8
Bankers Hall, Calgary ....................................................................................................................... 9
Conclusion ............................................................................................................................................... 10
Reference .................................................................................................................................................. 11

PAGE 1
Executive Summary
This report provides vast information and analysis of the corporate social responsibility (CSR)
initiatives that Brookfield Office Properties Inc. has executed in reducing carbon footprint along
with a history of operational excellence and sustainability.
The author (a staff of Brookfield subsidiary) will emphasize on the ongoing commitments of
company’s senior management team and present an analysis on the tangible outcome of its CSR
initiatives in a global scale and its positive impacts/ benefits to the physical and social/culture
environment. Most of the information were come from Brookfield Office Properties Inc. annual
CSR Reports, others from the company’s web site:
http://www.brookfieldofficeproperties.com/content/corporate/corporate_responsibility-3200.html
Brookfield Office Property Inc. has received higher rating in following categories from Global CSR
rating perspective due to its resolution to challenge itself continually in promoting sustainable
growth, investing in green building technologies, being transparent in all its operations and making
positive contributions to the communities where we live and work (Clark, 2011).
Every day, in every city in which the company operates, Brookfield is investing in green building
innovations such as energy-efficient systems, environmentally sound construction technologies,
and strategies to reduce building carbon footprint.


At Brookfield, senior management team believes that these efforts promote the long-term
interests of all its stakeholders, including employees, tenants, business partners, investors,
local communities, government officials, and the commercial real estate industry at large
(Clark, 2011).

CSR HUB® Basic corporate social responsibility ratings
Overall Community Employees Environment Governance

Brookfield Properties Corporation

58

56

53

61

61

Real Estate Management & Development 49

49

49

48

50

All company average

53

52

54

53

51

Canada company average

53

48

54

51

57

(Source: http://www.csrhub.com/CSR_and_sustainability_information/Brookfield-PropertiesCorporation/)

PAGE 2
Introduction
CSR is “company’s commitment to operating in an economically, socially, and environmentally
sustainable manner, while recognizing the interests of its stakeholders, including investors,
customers, employees, business partners, local communities, the environment, and society at
large”(Clake, 2013).
CRS as a “holistic strategy … covers a broad spectrum of a company’s activities, range from human
resource management to environmental protection, and includes every aspect of a firm’s impact on
society. A company might need to explain what they stand for, how corporate responsibility is
carried out, and how people benefit from such actions.”(Sheikh and Beise-Zee, 2011, p.1).
The senior management team of Brookfield Office Properties Inc., put responsible business
practices in a top priority and believe it is the essential component of company’s continual success.
This commitment is part of the company culture. The business units defined goals and metrics to
ensure that company could be operated to the highest standards in a transparent and collaborative
manner.
This pledge includes meeting responsible global environmental standards and investing the
necessary resources to make positive and lasting impacts in the cities in which the company
operate worldwide.

Environment Protection & Sustainable Growth
At Brookfield, the mission is to provide the highest quality commercial office space, at the same
time with an unwavering commitment to delivering responsible environmental solutions and
innovative environmental strategies to tenants, shareholders, and the communities.
Environmental initiatives are a major component of Brookfield's strategic business plan. The
ultimate objective of this initiative is to maximize energy and resource efficiency and
environmental stewardship at company’s properties, together with the wellness and safety of
tenants, employees, and those that live in the neighborhoods that house the properties.
The company achieves this through an integrated strategy based on three principles that are
embedded in the Brookfield corporate culture. These tenets are the foundation of the commitment
to environmental responsibility.

Principle 1
To operate, develop, retrofit, redesign and renovate properties to achieve optimum energy
efficiency, occupant satisfaction and reduced carbon emissions.

PAGE 3
Principle 2
To employ innovative environmental strategies achieving best-in-industry environmental
performance in all new office developments.

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
office buildings and environmentally sustainable communities and practices .

LEED® Certification - U.S. and Canada
In North America, Leadership in Energy & Environmental Design (LEED®) is the industry standard
for sustainable, green properties. The standard rates the environmental performance of many facets
of real estate, including: 1) Existing buildings' operations and maintenance (LEED EB O&M); 2) the
Core & Shell of new developments (LEED CS); and 3) the Commercial Interiors of specific tenant
spaces (LEED CI).
In 2011, Brookfield secured 10 new LEED certifications in the following North American properties:
•

One World Financial Center, New York City, NY: LEED EB:OM Gold

•

245 Park Avenue, New York City, NY: LEED EB:OM Gold

•

Newport Tower, Jersey City, NJ: LEED EB:OM Gold

•

Victor Building, Washington, DC: LEED EB:OM Gold

•

1200 K Street, Washington, DC: LEED EB:OM Gold

•

1400 Smith Street, Houston, TX: LEED EB:OM Gold

•

Continental Center I, Houston, TX: LEED EB:OM Gold

•

Figueroa at Wilshire, Los Angeles, CA: LEED EB:OM Gold

•

Marina Towers - North & South, Marina Del Rey, CA: LEED EB:OM Silver

Green Star and NABERS - Australia
In September 2010, Brookfield acquired an interest in a portfolio of 19 office properties in the
Australian cities of Sydney, Melbourne and Perth.
In Australia, Green Star and NABERS (National Australian Built Environment Rating System) are
the two governing programs that certify sustainable building credentials, comparable to LEED in
North America. Green Star evaluates environmental design and the construction of buildings.

PAGE 4
NABERS measures the energy performance, water performance and carbon footprint of existing
properties over a 12-month operating period.

Green Star1 and NABERS Ratings
SYDNEY

Property

NABERS NABERS Green Star Energy
Water
Office Design v2

Green Star As Built v2

52 Goulburn Street

5.5 stars

4 stars

N/A

N/A

American Express House

5 stars

4 stars

N/A

N/A

Darling Park I

5 stars

3.5 stars

N/A

N/A

Darling Park II

5 stars

3 stars

N/A

N/A

E&Y Centre

4.5 stars

3.5 stars

N/A

N/A

IAG House

4.5 stars

3.5 stars

5 stars

4 stars

KPMG Tower

5 stars

1 stars

N/A

N/A

NAB House

5 stars

3.5 stars

N/A

N/A

One Shelley Street

N/A2

N/A2

6 stars

6 stars

MELBOURNE

Property

NABERS NABERS Green Star Energy
Water
Office Design v2

Green Star As Built v2

Bourke Place

3.5 stars

2.5 stars

N/A

N/A

Defence Plaza

3.5 stars

N/A

N/A

N/A

Southern Cross East

4.5 stars

3 stars

N/A

N/A

Southern Cross West

4.5 stars

5 stars

5 stars

N/A

PERTH

Property

NABERS NABERS Green Star Energy
Water
Office Design v2

Green Star As Built v2

235 St. Georges Terrace

5 stars

N/A

1
2

N/A

5 stars

All buildings designed prior to introduction of the Green Star rating tool in 2003 are not applicable for this rating.
Newly constructed building currently in exemption period (less than two years) for NABERS rating.

Environmental achievements within the Australia portfolio include:



Average 4.75 stars NABERS energy rating
Average 3.30 stars NABERS water rating

PAGE 5


Average 5.25 stars Green Star design across all sites developed or refurbished
from 2006

NABERS Energy - 6 star maximum








0 stars - Very poor
1 star - Poor
2 stars - Below average
2.5 to 3 stars - Average
4 stars - Good
5 stars - Excellent
6 stars - Market leading

NABERS Water - 6 star maximum








0 stars - Very poor
1 star - Poor
2 stars - Below average
2.5 to 3 stars - Average
4 stars - Good
5 stars - Excellent
6 stars - Market leading

Green Star - Office Design v2 - 6 star maximum




4 Star Green Star Certified Rating (score 45-59) signifies 'Best Practice' in
environmentally sustainable design and/or construction
5 Star Green Star Certified Rating (score 60-74) signifies 'Australian Excellence'
in environmentally sustainable design and/or construction
6 Star Green Star Certified Rating (score 75-100) signifies 'World Leadership' in
environmentally sustainable design and/or construction

Green Star - Office as Built v2 - 6 star maximum




4 Star Green Star Certified Rating (score 45-59) signifies 'Best Practice' in
environmentally sustainable design and/or construction
5 Star Green Star Certified Rating (score 60-74) signifies 'Australian Excellence'
in environmentally sustainable design and/or construction
6 Star Green Star Certified Rating (score 75-100) signifies 'World Leadership' in
environmentally sustainable design and/or construction

PAGE 6
Energy Efficiency Innovations
Brookfield set rigorous energy efficiency standards at its properties around the globe. The
company is in the industry vanguard of utilizing innovative and effective tools and
metrics to curtail energy use and carbon emissions.
ALTERNATIVE TRANSPORTATION

Brookfield recognizes that a commitment to environmental excellence must extend
beyond the walls of our office buildings. To that end, company has expanded programs to
offer a variety of transportation options - such as carpooling, public transportation,
biking, and electric-vehicle parking - for its employees and tenants as they travel to and
fro from work.
A recent survey of its properties across Canada indicated that 90% of its occupants are
now using commuting alternatives to single-occupant automobiles on a routine basis. One
of its most successful transportation programs is the Alternative Transportation program,
launched in 2011 in Toronto, Calgary and Vancouver, which offers online carpool zones
and ride-matching services for its tenants.
ELECTRIC VEHICLE CHARGING STATIONS

After the success of its first electric vehicle charging station in its Houston parking
garages, the company expanded the program in 2011, installing charging stations in select
garages in Washington, DC, Los Angeles, Boston, New York City and Toronto.

Featured Properties
One World Financial Center, New York City
At 1.7 million square feet, One World Financial Center
- one of the four office towers comprising the iconic 8million-square-foot World Financial Center complex in
Lower Manhattan - became the largest office building
in New York to receive a LEED EB:OM Gold
designation upon certification in May 2011.
One World Financial Center earned 99% of the LEED credit points necessary to achieve
the Gold standard. Making the feat all the more impressive is the traditionally high
standard in New York City for achieving environmental certifications.

PAGE 7
Several facets of the property's operational best practices and recognized environmental
performance were highlighted by the U.S. Green Building Council during the LEED
certification effort:






100% of the building's carbon footprint is offset through the purchase of
Renewable Energy Credits and Carbon Offsets.
The property's Energy Star score - which rates a building's comprehensive energy
performance - is in the top 20% of all comparable properties nationwide. The high
score is due to both capital investment and energy management best practices.
An upgrade of powered janitorial equipment has improved tenant comfort and
safety.
A reduction of pesticide toxicity was achieved through implementation of an
integrated interior pest management program.

One Shelley Street, Sydney
The One Shelley Street office building in Sydney which serves as Macquarie's Australian
headquarters - achieved a 6-star Green Star rating
from Australia's Green Building Council.
Compared with an average Sydney office
building, One Shelley Street emits 50% less
greenhouse gas emissions, saves the equivalent of
2.5 Olympic swimming pools of water per year,
and has a significantly improved Indoor
Environmental Quality (IEQ).
Built in 2009 at a coveted location close to the water at Sydney's King Street Wharf, One
Shelley Street was a prime candidate for some of the most original and thoughtful
sustainability features ever to be showcased in a complex of this kind. The property
comprises retail and two low-rise office buildings.
The property was designed and constructed with world-leading sustainable design
principles:





Heat-rejection technology draws seawater from the harbor to be used in the
building's first-stage cooling system.
Chilled beam technology uses the natural convection properties of simple fresh air
to cool the building.
Automated lighting controls automatically adjust lighting in certain areas when
natural daylight is more than sufficient.
The Brookfield operation team's close collaboration with the future tenant
throughout the entire integrated fit-out process led to a vast reduction in material
waste.

PAGE 8
These, and many of the other innovations featured in this property, are very much part of
the "designed-in" sustainability strategies Brookfield utilizes aimed at generating best-inindustry environmental performance.

Bankers Hall, Calgary
The three-building Bankers Hall complex is one of
the most prominent business addresses in
downtown Calgary. The property is registered in
the LEED EB:OM program and is currently
targeting the Gold level of certification, with
accreditation expected in 2012.
The property meets all ten prerequisites of LEED
EB:OM:







Energy efficiency best management
practices: planning, documentation, and
opportunity assessment

Minimum energy efficiency performance

Refrigerant management for ozone
protection

Sustainable purchasing policy

Solid waste management policy

Minimum indoor air quality performance
Environmental tobacco smoke control
Green cleaning policy
Water metering and minimum indoor plumbing
Fixture and fitting efficiency

In addition to meeting the minimum requirements, the property has implemented other
policies and programs such as enhanced green cleaning procedures and a multifaceted
alternative transportation program available to all occupants.
The Alternative Transportation program has aided the property in determining that 84%
of building occupants use sustainable modes of travel (e.g. bicycling, carpooling, public
transit) when commuting to and from the workplace. Furthermore, the property has
verified and registered its carbon emissions under an accredited voluntary program, and it
ranks in approximately the 80-85th percentile in energy performance among all buildings
in North America based on Energy Star guidelines.
In addition to implementing new environmental policies and programs to become LEED
certified, other green amenities and highlights at Bankers Hall include:

PAGE 9






Annual Earth Hour participant
BOMA BEST (Building Environmental Standards) Level 3 (80-89%)
Certification
FSC (Forest Stewardship Council)-certified paper products
Membership in Green Calgary Association
Smoke-free building perimeter

Since 2007, Bankers Hall has managed to reduce the amount of waste sent to landfill
annually by 24%. The building's recycling efforts contribute to an annual savings of
2,108 cubic meters of landfill space.

Conclusion
Brookfield strives to build upon its successes and identify new opportunities to
implement corporate responsibility strategies.
Their goal is to be recognized as a leader and innovator in the field of energy
conservation as the company has been operating and developing the most sustainable
commercial properties in the United States, Canada and Australia.
CSR essentially provides an abstract reference to a broad range of activities that can
result in rewards to a company in the shape of enhanced reputation, increased customer
loyalty and higher market value to name just a few. However, the concept is often
difficult for the public to fully comprehend. It has therefore become increasingly
common for an organization to make its actions more visible by closely engaging with a
specific cause through the provision of financial or other forms of support(Sheikh and
Beise-Zee, 2011).
There are increase numbers of environment scientists suggested we should rethink our
approach from dealing with environmental issues when we are dramatically increasing
our modern living heavily relied on consumable electronic devices. By revealing data
Maxwell and Miller (Maxwell, R., Miller T, 2012) show how our media culture of flatscreen televisions, iPads, and smartphones has a destructive impact on the ecology, the
global energy supply, and the working conditions of laborers in low-wage countries.
There are more and more pioneer companies commercially produce revolutionary
greening materials (media) for electronic devices. Some of those material using body heat
as power source to drive electronic device (http://www.epotek.com/site/).
A group of business and community leaders in US has projected a vision of corporation
2020 based on imperative to redesign the corporation. The principles they advocate are
that the purpose of the corporation in to harness private interests to serve the public
interest. The effective integration of corporate social and environmental responsibilities

PAGE 10
could potentially release greater value for shareholders and wider stakeholders (Clark. T.
2007, Internal Corporate Governance, Routledge, New York).
The drive for energy-efficient building comes down to a quest for the so-called tight
envelope. There are many new energy-efficient products enter the market each year. In
many cases, just adding a layer of insulation or a specially glazed window can increase
the cost of materials by 20 to 30 percent. But in most cases, experts in energy
conservation argue that more efficient materials will lead to lowered costs of heating and
cooling a house, so the building will recover that money, usually within several years
(http://home.howstuffworks.com/home-improvement/construction/green/10-cutting-edgebuilding-materials.htm).

Reference
Brookfield Board CSR Statement.
Brookfield CSR Report2013.
Brookfield CSR Report 2010.
Brookfield Enviroment Protection and Sustainable Growth.
Brookfield Policy of Sustainability.
CLAKE, T. 2013. Session 8 CSR & Sustainability Intro 2013.
Clark. T. 2007, Internal Corporate Governance, Routledge, New York
CLARK, R. 2011. Brookfield CSR Report 2011.
GE_ecomagination_2010AnnualReport.
GREEN, T. & PELOZA, J. 2011. How does corporate social responsibility create value for consumers?
Journal of Consumer Marketing, 28, 48-56.
http://www.csrhub.com/CSR_and_sustainability_information/Brookfield-Properties-Corporation
http://home.howstuffworks.com/home-improvement/construction/green/10-cutting-edgebuilding-materials.htm
Maxwell, R., Miller T, 2012, “greening The Media”, Oxford University Press, New York
SHEIKH, S.-U.-R. & BEISE-ZEE, R. 2011. Corporate social responsibility or cause-related marketing?
The role of cause specificity of CSR. Journal of Consumer Marketing, 28, 27-39.

PAGE 11

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CSR report

  • 1. Report and Analysis of Brookfield CSR Initiative Charlie Chen | UTS Business School Course 21874 | October 6, 2013
  • 2. Table of Contents Executive Summary .................................................................................................................................. 2 Introduction.............................................................................................................................................. 3 Environment Protection & Sustainable Growth ..................................................................................... 3 Principle 1 ........................................................................................................................................... 3 Principle 2 .......................................................................................................................................... 4 Principle 3 .......................................................................................................................................... 4 LEED® Certification - U.S. and Canada ................................................................................................... 4 Green Star and NABERS - Australia ........................................................................................................ 4 Green Star1 and NABERS Ratings ............................................................................................................ 5 Sydney ................................................................................................................................................... 5 Melbourne ............................................................................................................................................. 5 Perth ...................................................................................................................................................... 5 Energy Efficiency Innovations ................................................................................................................. 7 Alternative Transportation .................................................................................................................. 7 Electric Vehicle Charging Stations ...................................................................................................... 7 Featured Properties .................................................................................................................................. 7 One World Financial Center, New York City..................................................................................... 7 One Shelley Street, Sydney ................................................................................................................. 8 Bankers Hall, Calgary ....................................................................................................................... 9 Conclusion ............................................................................................................................................... 10 Reference .................................................................................................................................................. 11 PAGE 1
  • 3. Executive Summary This report provides vast information and analysis of the corporate social responsibility (CSR) initiatives that Brookfield Office Properties Inc. has executed in reducing carbon footprint along with a history of operational excellence and sustainability. The author (a staff of Brookfield subsidiary) will emphasize on the ongoing commitments of company’s senior management team and present an analysis on the tangible outcome of its CSR initiatives in a global scale and its positive impacts/ benefits to the physical and social/culture environment. Most of the information were come from Brookfield Office Properties Inc. annual CSR Reports, others from the company’s web site: http://www.brookfieldofficeproperties.com/content/corporate/corporate_responsibility-3200.html Brookfield Office Property Inc. has received higher rating in following categories from Global CSR rating perspective due to its resolution to challenge itself continually in promoting sustainable growth, investing in green building technologies, being transparent in all its operations and making positive contributions to the communities where we live and work (Clark, 2011). Every day, in every city in which the company operates, Brookfield is investing in green building innovations such as energy-efficient systems, environmentally sound construction technologies, and strategies to reduce building carbon footprint.  At Brookfield, senior management team believes that these efforts promote the long-term interests of all its stakeholders, including employees, tenants, business partners, investors, local communities, government officials, and the commercial real estate industry at large (Clark, 2011). CSR HUB® Basic corporate social responsibility ratings Overall Community Employees Environment Governance Brookfield Properties Corporation 58 56 53 61 61 Real Estate Management & Development 49 49 49 48 50 All company average 53 52 54 53 51 Canada company average 53 48 54 51 57 (Source: http://www.csrhub.com/CSR_and_sustainability_information/Brookfield-PropertiesCorporation/) PAGE 2
  • 4. Introduction CSR is “company’s commitment to operating in an economically, socially, and environmentally sustainable manner, while recognizing the interests of its stakeholders, including investors, customers, employees, business partners, local communities, the environment, and society at large”(Clake, 2013). CRS as a “holistic strategy … covers a broad spectrum of a company’s activities, range from human resource management to environmental protection, and includes every aspect of a firm’s impact on society. A company might need to explain what they stand for, how corporate responsibility is carried out, and how people benefit from such actions.”(Sheikh and Beise-Zee, 2011, p.1). The senior management team of Brookfield Office Properties Inc., put responsible business practices in a top priority and believe it is the essential component of company’s continual success. This commitment is part of the company culture. The business units defined goals and metrics to ensure that company could be operated to the highest standards in a transparent and collaborative manner. This pledge includes meeting responsible global environmental standards and investing the necessary resources to make positive and lasting impacts in the cities in which the company operate worldwide. Environment Protection & Sustainable Growth At Brookfield, the mission is to provide the highest quality commercial office space, at the same time with an unwavering commitment to delivering responsible environmental solutions and innovative environmental strategies to tenants, shareholders, and the communities. Environmental initiatives are a major component of Brookfield's strategic business plan. The ultimate objective of this initiative is to maximize energy and resource efficiency and environmental stewardship at company’s properties, together with the wellness and safety of tenants, employees, and those that live in the neighborhoods that house the properties. The company achieves this through an integrated strategy based on three principles that are embedded in the Brookfield corporate culture. These tenets are the foundation of the commitment to environmental responsibility. Principle 1 To operate, develop, retrofit, redesign and renovate properties to achieve optimum energy efficiency, occupant satisfaction and reduced carbon emissions. PAGE 3
  • 5. Principle 2 To employ innovative environmental strategies achieving best-in-industry environmental performance in all new office developments. 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 office buildings and environmentally sustainable communities and practices . LEED® Certification - U.S. and Canada In North America, Leadership in Energy & Environmental Design (LEED®) is the industry standard for sustainable, green properties. The standard rates the environmental performance of many facets of real estate, including: 1) Existing buildings' operations and maintenance (LEED EB O&M); 2) the Core & Shell of new developments (LEED CS); and 3) the Commercial Interiors of specific tenant spaces (LEED CI). In 2011, Brookfield secured 10 new LEED certifications in the following North American properties: • One World Financial Center, New York City, NY: LEED EB:OM Gold • 245 Park Avenue, New York City, NY: LEED EB:OM Gold • Newport Tower, Jersey City, NJ: LEED EB:OM Gold • Victor Building, Washington, DC: LEED EB:OM Gold • 1200 K Street, Washington, DC: LEED EB:OM Gold • 1400 Smith Street, Houston, TX: LEED EB:OM Gold • Continental Center I, Houston, TX: LEED EB:OM Gold • Figueroa at Wilshire, Los Angeles, CA: LEED EB:OM Gold • Marina Towers - North & South, Marina Del Rey, CA: LEED EB:OM Silver Green Star and NABERS - Australia In September 2010, Brookfield acquired an interest in a portfolio of 19 office properties in the Australian cities of Sydney, Melbourne and Perth. In Australia, Green Star and NABERS (National Australian Built Environment Rating System) are the two governing programs that certify sustainable building credentials, comparable to LEED in North America. Green Star evaluates environmental design and the construction of buildings. PAGE 4
  • 6. NABERS measures the energy performance, water performance and carbon footprint of existing properties over a 12-month operating period. Green Star1 and NABERS Ratings SYDNEY Property NABERS NABERS Green Star Energy Water Office Design v2 Green Star As Built v2 52 Goulburn Street 5.5 stars 4 stars N/A N/A American Express House 5 stars 4 stars N/A N/A Darling Park I 5 stars 3.5 stars N/A N/A Darling Park II 5 stars 3 stars N/A N/A E&Y Centre 4.5 stars 3.5 stars N/A N/A IAG House 4.5 stars 3.5 stars 5 stars 4 stars KPMG Tower 5 stars 1 stars N/A N/A NAB House 5 stars 3.5 stars N/A N/A One Shelley Street N/A2 N/A2 6 stars 6 stars MELBOURNE Property NABERS NABERS Green Star Energy Water Office Design v2 Green Star As Built v2 Bourke Place 3.5 stars 2.5 stars N/A N/A Defence Plaza 3.5 stars N/A N/A N/A Southern Cross East 4.5 stars 3 stars N/A N/A Southern Cross West 4.5 stars 5 stars 5 stars N/A PERTH Property NABERS NABERS Green Star Energy Water Office Design v2 Green Star As Built v2 235 St. Georges Terrace 5 stars N/A 1 2 N/A 5 stars All buildings designed prior to introduction of the Green Star rating tool in 2003 are not applicable for this rating. Newly constructed building currently in exemption period (less than two years) for NABERS rating. Environmental achievements within the Australia portfolio include:   Average 4.75 stars NABERS energy rating Average 3.30 stars NABERS water rating PAGE 5
  • 7.  Average 5.25 stars Green Star design across all sites developed or refurbished from 2006 NABERS Energy - 6 star maximum        0 stars - Very poor 1 star - Poor 2 stars - Below average 2.5 to 3 stars - Average 4 stars - Good 5 stars - Excellent 6 stars - Market leading NABERS Water - 6 star maximum        0 stars - Very poor 1 star - Poor 2 stars - Below average 2.5 to 3 stars - Average 4 stars - Good 5 stars - Excellent 6 stars - Market leading Green Star - Office Design v2 - 6 star maximum    4 Star Green Star Certified Rating (score 45-59) signifies 'Best Practice' in environmentally sustainable design and/or construction 5 Star Green Star Certified Rating (score 60-74) signifies 'Australian Excellence' in environmentally sustainable design and/or construction 6 Star Green Star Certified Rating (score 75-100) signifies 'World Leadership' in environmentally sustainable design and/or construction Green Star - Office as Built v2 - 6 star maximum    4 Star Green Star Certified Rating (score 45-59) signifies 'Best Practice' in environmentally sustainable design and/or construction 5 Star Green Star Certified Rating (score 60-74) signifies 'Australian Excellence' in environmentally sustainable design and/or construction 6 Star Green Star Certified Rating (score 75-100) signifies 'World Leadership' in environmentally sustainable design and/or construction PAGE 6
  • 8. Energy Efficiency Innovations Brookfield set rigorous energy efficiency standards at its properties around the globe. The company is in the industry vanguard of utilizing innovative and effective tools and metrics to curtail energy use and carbon emissions. ALTERNATIVE TRANSPORTATION Brookfield recognizes that a commitment to environmental excellence must extend beyond the walls of our office buildings. To that end, company has expanded programs to offer a variety of transportation options - such as carpooling, public transportation, biking, and electric-vehicle parking - for its employees and tenants as they travel to and fro from work. A recent survey of its properties across Canada indicated that 90% of its occupants are now using commuting alternatives to single-occupant automobiles on a routine basis. One of its most successful transportation programs is the Alternative Transportation program, launched in 2011 in Toronto, Calgary and Vancouver, which offers online carpool zones and ride-matching services for its tenants. ELECTRIC VEHICLE CHARGING STATIONS After the success of its first electric vehicle charging station in its Houston parking garages, the company expanded the program in 2011, installing charging stations in select garages in Washington, DC, Los Angeles, Boston, New York City and Toronto. Featured Properties One World Financial Center, New York City At 1.7 million square feet, One World Financial Center - one of the four office towers comprising the iconic 8million-square-foot World Financial Center complex in Lower Manhattan - became the largest office building in New York to receive a LEED EB:OM Gold designation upon certification in May 2011. One World Financial Center earned 99% of the LEED credit points necessary to achieve the Gold standard. Making the feat all the more impressive is the traditionally high standard in New York City for achieving environmental certifications. PAGE 7
  • 9. Several facets of the property's operational best practices and recognized environmental performance were highlighted by the U.S. Green Building Council during the LEED certification effort:     100% of the building's carbon footprint is offset through the purchase of Renewable Energy Credits and Carbon Offsets. The property's Energy Star score - which rates a building's comprehensive energy performance - is in the top 20% of all comparable properties nationwide. The high score is due to both capital investment and energy management best practices. An upgrade of powered janitorial equipment has improved tenant comfort and safety. A reduction of pesticide toxicity was achieved through implementation of an integrated interior pest management program. One Shelley Street, Sydney The One Shelley Street office building in Sydney which serves as Macquarie's Australian headquarters - achieved a 6-star Green Star rating from Australia's Green Building Council. Compared with an average Sydney office building, One Shelley Street emits 50% less greenhouse gas emissions, saves the equivalent of 2.5 Olympic swimming pools of water per year, and has a significantly improved Indoor Environmental Quality (IEQ). Built in 2009 at a coveted location close to the water at Sydney's King Street Wharf, One Shelley Street was a prime candidate for some of the most original and thoughtful sustainability features ever to be showcased in a complex of this kind. The property comprises retail and two low-rise office buildings. The property was designed and constructed with world-leading sustainable design principles:     Heat-rejection technology draws seawater from the harbor to be used in the building's first-stage cooling system. Chilled beam technology uses the natural convection properties of simple fresh air to cool the building. Automated lighting controls automatically adjust lighting in certain areas when natural daylight is more than sufficient. The Brookfield operation team's close collaboration with the future tenant throughout the entire integrated fit-out process led to a vast reduction in material waste. PAGE 8
  • 10. These, and many of the other innovations featured in this property, are very much part of the "designed-in" sustainability strategies Brookfield utilizes aimed at generating best-inindustry environmental performance. Bankers Hall, Calgary The three-building Bankers Hall complex is one of the most prominent business addresses in downtown Calgary. The property is registered in the LEED EB:OM program and is currently targeting the Gold level of certification, with accreditation expected in 2012. The property meets all ten prerequisites of LEED EB:OM:      Energy efficiency best management practices: planning, documentation, and opportunity assessment  Minimum energy efficiency performance  Refrigerant management for ozone protection  Sustainable purchasing policy  Solid waste management policy  Minimum indoor air quality performance Environmental tobacco smoke control Green cleaning policy Water metering and minimum indoor plumbing Fixture and fitting efficiency In addition to meeting the minimum requirements, the property has implemented other policies and programs such as enhanced green cleaning procedures and a multifaceted alternative transportation program available to all occupants. The Alternative Transportation program has aided the property in determining that 84% of building occupants use sustainable modes of travel (e.g. bicycling, carpooling, public transit) when commuting to and from the workplace. Furthermore, the property has verified and registered its carbon emissions under an accredited voluntary program, and it ranks in approximately the 80-85th percentile in energy performance among all buildings in North America based on Energy Star guidelines. In addition to implementing new environmental policies and programs to become LEED certified, other green amenities and highlights at Bankers Hall include: PAGE 9
  • 11.      Annual Earth Hour participant BOMA BEST (Building Environmental Standards) Level 3 (80-89%) Certification FSC (Forest Stewardship Council)-certified paper products Membership in Green Calgary Association Smoke-free building perimeter Since 2007, Bankers Hall has managed to reduce the amount of waste sent to landfill annually by 24%. The building's recycling efforts contribute to an annual savings of 2,108 cubic meters of landfill space. Conclusion Brookfield strives to build upon its successes and identify new opportunities to implement corporate responsibility strategies. Their goal is to be recognized as a leader and innovator in the field of energy conservation as the company has been operating and developing the most sustainable commercial properties in the United States, Canada and Australia. CSR essentially provides an abstract reference to a broad range of activities that can result in rewards to a company in the shape of enhanced reputation, increased customer loyalty and higher market value to name just a few. However, the concept is often difficult for the public to fully comprehend. It has therefore become increasingly common for an organization to make its actions more visible by closely engaging with a specific cause through the provision of financial or other forms of support(Sheikh and Beise-Zee, 2011). There are increase numbers of environment scientists suggested we should rethink our approach from dealing with environmental issues when we are dramatically increasing our modern living heavily relied on consumable electronic devices. By revealing data Maxwell and Miller (Maxwell, R., Miller T, 2012) show how our media culture of flatscreen televisions, iPads, and smartphones has a destructive impact on the ecology, the global energy supply, and the working conditions of laborers in low-wage countries. There are more and more pioneer companies commercially produce revolutionary greening materials (media) for electronic devices. Some of those material using body heat as power source to drive electronic device (http://www.epotek.com/site/). A group of business and community leaders in US has projected a vision of corporation 2020 based on imperative to redesign the corporation. The principles they advocate are that the purpose of the corporation in to harness private interests to serve the public interest. The effective integration of corporate social and environmental responsibilities PAGE 10
  • 12. could potentially release greater value for shareholders and wider stakeholders (Clark. T. 2007, Internal Corporate Governance, Routledge, New York). The drive for energy-efficient building comes down to a quest for the so-called tight envelope. There are many new energy-efficient products enter the market each year. In many cases, just adding a layer of insulation or a specially glazed window can increase the cost of materials by 20 to 30 percent. But in most cases, experts in energy conservation argue that more efficient materials will lead to lowered costs of heating and cooling a house, so the building will recover that money, usually within several years (http://home.howstuffworks.com/home-improvement/construction/green/10-cutting-edgebuilding-materials.htm). Reference Brookfield Board CSR Statement. Brookfield CSR Report2013. Brookfield CSR Report 2010. Brookfield Enviroment Protection and Sustainable Growth. Brookfield Policy of Sustainability. CLAKE, T. 2013. Session 8 CSR & Sustainability Intro 2013. Clark. T. 2007, Internal Corporate Governance, Routledge, New York CLARK, R. 2011. Brookfield CSR Report 2011. GE_ecomagination_2010AnnualReport. GREEN, T. & PELOZA, J. 2011. How does corporate social responsibility create value for consumers? Journal of Consumer Marketing, 28, 48-56. http://www.csrhub.com/CSR_and_sustainability_information/Brookfield-Properties-Corporation http://home.howstuffworks.com/home-improvement/construction/green/10-cutting-edgebuilding-materials.htm Maxwell, R., Miller T, 2012, “greening The Media”, Oxford University Press, New York SHEIKH, S.-U.-R. & BEISE-ZEE, R. 2011. Corporate social responsibility or cause-related marketing? The role of cause specificity of CSR. Journal of Consumer Marketing, 28, 27-39. PAGE 11