GPT and the Funds mutually view sustainability as core to their vision and values. Our vision is to be the most respected property company in Australia, in the eyes of our investors, people, customers 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 2017 GPT was ranked in the 99th percentile overall in the Real Estate sector and leads the sector internationally for the social dimension of the index.
For the Global Real Estate Sustainability Benchmark (GRESB), in 2017 GWSCF increased it’s score by 10 points to 83, achieving a Green Star rating of 5 stars. The Fund ranked in the top 10% of 823 participants overall, with the maximum score of 100% for the Management and Policy & Disclosure categories, and above peer group average performance in the Building Certification category.
The business case for reducing the environmental impacts is clear. If GWSCF had continued to consume energy, water and resources at the same rate as they were consumed in 2005, GWSCF and its tenants would have incurred $5.6 million of additional costs in 2017.
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. This report is designed to comply with The International Integrated Reporting Framework.
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 websitewww.gpt.com.au
GPT has placed first or second in the Dow Jones Sustainability Index Global Real Estate Industry Group every year for the last nine years.
GWSCF achieves a Green Star rating of 5 Stars in the Global Real Estate Sustainability Benchmark (GRESB).
GWSCF has been ranked in the top 10% globally out of 823 GRESB participants, achieving the maximum score of 100% for Management and Policy & Disclosure categories.
31% Energy Intensity reduction since 2005.
GPT is included in the STOXX Global ESG Leaders indices|
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.
Under NABERS Centres less than 15,000 sqm cannot be rated. Wollongong Central remained development affected during 2017 and was not rated. NABERS rates 1 to 6 stars, with 6 being considered best practice.