Property Council submission to Climate Active consultation
The Property Council of Australia welcomes the opportunity to comment on Climate Active’s consultation paper examining accounting for electricity emissions.
Over the last decade , market leading Australian property companies have demonstrated the potential for increased energy performance and emissions reduction, consistently topping international benchmarks like the Global Real Estate Sustainability Benchmark and Dow Jones Sustainability Index.
Many have committed to achieving net zero emissions by 2030 or sooner.
Maintaining an independent and trusted benchmark for claims of carbon neutrality in Australia’s built environment is essential to our continued global leadership.
We welcome the efforts of Climate Active to align its certifications with the internationally recognised Greenhouse Gas Protocol and adopt the market-based accounting method for voluntary purchases of renewable energy.