At Growthpoint, we strive to be a good corporate citizen, act ethically in everything we do and pride ourselves on our commitment to diversity, reducing environmental degradation and contributing to the communities in which we operate.
Code of Conduct
Growthpoint has released a Code of Conduct (download Code of Conduct PDF) which is applicable to all directors and employees.The key values underpinning this Code are as follows:
- our actions must be governed by the highest standards of integrity and fairness;
- our decisions must be made in accordance with the spirit and letter of applicable law; and
- our business must be conducted honestly and ethically, with our best skills and judgment, and for the benefit of Securityholders, employees and other stakeholders alike.
A majority of Growthpoint’s tenants contribute to the communities in which they operate and a number are leaders in ethical and environmental responsibility such as Linfox, Hydro Tasmania and Symbion Health.
Growthpoint’s major Securityholder, GRT, is included in the JSE’s Socially Responsible Investments Index.
Shariah Compliance Statement
As at 30 June 2015Provided to assist Shariah compliant funds with their compliance and reporting
Growthpoint tenant mix, and therefore indirect income stream, comes from the following:
|Gambling & Pornography||Manufacturing or sale of alcohol||Manufacturing or sale of pork products||Interest based banking and insurance activities (excluding transactional services and administration)||Total|
|% of total rental income of REIT||0%||<5%||<5%||<5%||<5%|
|% of rentable space of REIT||0%||<1%||<1%||<1%||<1%|
Growthpoint Properties Australia’s sole form of income is rent or rent equivalents sourced from real estate it owns*. Accordingly, none of Growthpoint Properties Australia’s income is currently derived from Riba or interest and this is not expected to change given our strategy of being a “pure landlord”*.
Please note that this information is being provided to assist those seeking information for Shariah compliance purposes and is based on the information requested by its current and prospective Securityholders. Growthpoint Properties Australia does not have in-house Shariah compliance expertise nor has it taken external advice to prepare this statement.
Please email the Company Secretary at email@example.com if you require more information.
*Excluding transactional services and administration. Please note that bank interest on bank accounts has been excluded as this is (1) minimal and (2) negative once borrowing costs are included.