The Property Council of Australia welcomes the opportunity to provide feedback to the Senate Standing Committees on Environment and Communications on the issue of Greenwashing. We strongly support the intent of ensuring accuracy and strong evidence to underpin claims of sustainability credentials.
The Property Council commends the government on taking forceful action to reduce and eliminate instances of greenwashing. Our sector is committed to delivering genuine environmental outcomes through our activities and occurrences of greenwashing can provide unfair advantages to unscrupulous organisations.
The property sector, and the broader economy, are increasingly subject to pressure to deliver better sustainability outcomes across the spectrum of ESG. Corporates are now expected to use their influence, operations and procurement power to deliver positive change. As well as being internally driven by staff and executive, investors and customers now have heightened expectations for sustainability outcomes.