Australian property industry showing global leadership on environmental performance says new report

The 2016 GRESB report shows Australia's largest property companies continue to lead the world on environmental, social and governance (ESG) performance.

Australian and New Zealand property companies continued their global leadership for the sixth year running, outperforming other regions with an average score of 74, compared to the global average of 60.

“This result confirms once again that our industry is a world leader that is serious about cutting emissions and energy usage”, said Ken Morrison, Chief Executive of the Property Council of Australia.

“This is leadership and action.  We are seeing carbon reduction treated as an integral part of property management. 

“We’re also seeing companies and funds report on health and wellbeing indicators for the first time, particularly in the better performing companies.

“Congratulations to the four Australian entities that received special recognition in the GRESB Report – the Lendlease Sub-Regional Retail Fund, DEXUS Office Trust, Australian Prime Property Fund Commercial (Lendlease) and Stockland (Diversified – Retail/Office)”.

“This is Aussie leadership that is making real progress in terms of emissions, energy and water usage.

“Australia has made ambitious commitments as part of the Paris Agreement and we believe the property industry can play a significant part in helping Australia meet its international commitments.

“While companies and funds in Australia and New Zealand are competitive, they are unusually open in collaborating and in sharing experiences and insights."

The Property Council’s National Sustainability Roundtable provides a forum for sustainability leaders of the industry to drive industry-wide strategies for sustainability initiatives and guide advocacy for effective government policy.

Media contact:  Paul Ritchie | E pritchie@propertycouncil.com.au