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Australian property leads the world on environmental sustainability

  • September 14, 2016

Australian property leads the world on environmental sustainability

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.

The new data shows that real estate companies and funds worldwide are improving across all aspects of environmental, social and governance  performance, including a 1.2 percent reduction in energy consumption, 2 percent reduction in GHG emissions and close to 1 percent reduction in water use and are putting greater focus on occupant health and well-being.

“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)”.