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GWSCF SUSTAINABILITY

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. GWSCF was ranked third in Australian Retail sector peer group and is ranked in the top quartile globally for Retail Sustainability Performance.’

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 $3.7 million of additional costs in 2015.

Integrated Reporting

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

Memberships

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Key Highlights

GPT has been the Global Real Estate Sustainability Leader on the Dow Jones Sustainability Index for four of the past seven years.
GWSCF is a Green Star in the Global Real Estate Sustainability Benchmark (GRESB) for 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.
Installation of Australia’s largest shopping centre solar panel array, 1.25 MW, on the rooftop at Casuarina Square was completed during 2015. The project formed the country’s largest rooftop PV installation on a shopping centre. The electricity generated from the 4190 solar panel system has an estimated annual output of 2030MWh (Megawatt hours), which is enough to power 310 average Australian households and reduce greenhouse pollution by more than 1,300 tonnes CO2e per annum. The system provides around 20% of Casuarina Square’s base building and common area electricity needs.

NABERS Energy

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.

NABERS released a revised Shopping Centre tool during 2012. Centres less than 15,000 sqm cannot be rated. A number of centres were development affected during 2015 and not rated. NABERS rates 1 to 6 stars, with 6 being best practice.