Royal Bank Plaza and Oxford Properties Honoured in Race to Reduce Challenge
January 19, 2012
Royal Bank Plaza was given LEED EB Gold certification, Canada’s first LEED EB bank tower complex, in January 2010. Most recently, the 2.1 million square foot AAA office property was recognized as a gold award winner in the inaugural Race to Reduce Challenge, sponsored by CivicActrion’s Greening Greater Toronto Area. Oxford Properties, owner of the Royal Bank Plaza, also won a Race to Reduce award in the Action and Innovation category.
Royal Bank Plaza underwent a series of upgrades and improvements that positioned it to compete in the Race to Reduce Challenge, including alterations to: lighting controls, air dampers, air control devices, building automation systems and plumbing fixtures.
Royal Bank Place
Measures implemented as part of the LEED EB project helped drive significant improvements. There was a 25 per cent reduction in electricity, a 48 per cent reduction in steam and a 43 per cent reduction in chilled water, amounting to more $1.8 million in energy savings in 2010. These savings highlight tangible results spurred by the Race to Reduce Challenge.
The Race to Reduce program ensures and enhances dialogue between tenants and owners in order to complete the challenge goal of reducing total energy use by 10 per cent in the Toronto region's office market.
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