GPT and the Funds mutually view sustainability as core to their vision and values. Our purpose is to maximise the financial potential of Australian property with solutions that fulfil the aspirations of our investors, tenants and communities.
GPT’s integrated sustainability strategy addresses social and environmental aspects that are material to the business. Effective engagement and robust governance practices are central to the Group’s approach, which aims to improve the social, environmental and economic capital of the Group’s stakeholders and communities.
GPT is consistently ranked as one of the best performing property and real estate companies in international sustainability benchmarks.
In the Dow Jones Sustainability Index (DJSI), in 2015 GPT was ranked overall in the 99th percentile for DJSI in the Real Estate sector and leads the results internationally for the environmental dimension of the report.
For the Global Real Estate Sustainability Benchmark (GRESB), GPT was named the 2015 Regional Sector Leader for Diversified – Retail and Office and achieved the second highest ranking internationally in this category. GWOF was ranked second in Australia and sixth overall out of the 688 international participants. GWOF was GPT’s overall highest ranked submission.
The business case for reducing the environmental impacts is clear. If GWOF had continued to consume energy, water and resources at the same rate as they were consumed in 2005, GWOF and its tenants would have incurred $13.4 million of additional costs in 2015.
GPT’s reporting is fully integrated across all communications including comprehensive sustainability data, case studies and information provided throughout GPT’s website. For expanded commentary on GPT’s performance and priorities as well as the Group’s comprehensive suite of policies covering its commitment to sustainability, visit: www.gpt.com.au.
EY Assurance Statement
GPT engaged EY to undertake limited assurance procedures over a number of sustainability key performance indicators that the company deems material to its operations. This year GPT has applied the Global reporting Initiative (GRI) G4 Comprehensive framework. EY’s assurance statement is available on GPT’s website at www.gpt.com.au
GWOF has achieved second place in the Australian Office sector peer group for the 2015 Global Real Estate Sustainability Benchmark (GRESB).
GWOF has been ranked sixth globally out of 688 participants and this achievement marks the seventh consecutive year that GWOF was ranked in the global top 10.
GPT has been the Global Real Estate Industry Sustainability Leader on the Dow Jones Sustainability Index for four of the past seven years.
800–808 Bourke St is the first building rated using the Green Star Performance pilot rating achieving 4 stars, “Best Practice”
16 buildings are rated at 5 star NABERS Energy or better.
$13.4 million avoided energy and water cost in 2015.
GPT is included in the STOXX Global ESG Leaders indices.
At the 2014 Banksia Awards GPT was awarded the Banksia for Large Business Sustainability Leadership.
NABERS is a performance-based rating system for existing buildings. NABERS rates a building on the basis of its measured operational impacts on the environment, and provides a simple indication of how well a company is managing these environmental impacts.
Green Star Design/As Built assesses the design and construction of a building, whilst the newly launched Green Star Performance rating measures the broader operational performance of buildings inclusive of NABERS Energy and Water.