Growthpoint Properties Australia (Growthpoint or the Group) is pleased to release its FY22 Sustainability Report.
Timothy Collyer, Managing Director of Growthpoint, said, “We are pleased to share Growthpoint’s seventh annual Sustainability Report which outlines our continued progress on sustainability in FY22 and introduces the Group’s new sustainability framework and targets which further evolves our program into FY23.
“The Group has moved forward on our pathway to net zero by 2025 target1 in FY22, including improving energy and resource efficiency across our portfolio, developing an energy procurement strategy to secure our medium-term energy needs and completing three solar installations. Growthpoint’s average NABERS Energy rating has improved to 5.2 stars, with 100% of our office portfolio now rated. Performance in external benchmarks remains strong with the Group’s overall GRESB score increasing to 80/100 and above-average CDP score of B being maintained. We were particularly pleased to be recognised by GRESB as a sector leader2 in FY22 and also rank in the top five for Energy ratings in the NABERS Sustainable Portfolios Index 2022.
“Maintaining our strong relationships with our tenants remains a key focus, with tenant engagement seeing a positive improvement over FY22, and Growthpoint ranking as an industry leader on landlord satisfaction.3 We were also pleased to again see positive results from our externally conducted annual employee survey, which placed the Group in the top decile of its benchmark group for employee engagement and top quartile for employee alignment in FY22, building on our top quartile performance last year.
“Our new sustainability framework is an evolution of our approach and furthers our commitment to sustainability. The framework has four themes – environment, economic, people and governance – with eleven focus areas important to Growthpoint and our stakeholders and linked to 20 measurable targets. The structured nature of the framework and the introduction of a broader set of targets will further drive performance improvements and direct our work in new focus areas so that we can continue to manage the business in a way that adds value to the Group and ourstakeholders.”
Growthpoint’s FY22 Sustainability Report is available to read here
