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Environment

GPT is committed to reducing its environmental impact, aspiring to be an overall positive contributor to environmental sustainability.

Key Results

When compared:

  • reduced water intensity by 44%
  • reduced energy intensity by 39%
  • reduced carbon emission intensity by 57%
  • improved recycling from 29% to 43%

2015 Avoided Costs

In addition to substantially reducing environmental impact, in 2015 the business avoided $30.7 million in operational costs when compared to a 2005 baseline.

This means had the properties been using energy, water, and landfill at 2005 intensity then overall costs in 2015 would have been $30.7 million higher. This demonstrates that water, electricity and gas efficiency improvements are good commercially as well as environmentally.

GPT believes that looking after the environment to meet the needs of current and future generations is essential to ongoing business success. GPT recognises that it needs to continue to reduce environmental impacts and progress to a point where resources are sustainably used and emissions are at or below levels that can be reabsorbed without harm.

The following environmental areas are the most material to GPT. Summaries of GPT’s policy positions are provided together with a link to each policy.

Area Policy summary  
Climate Change and Energy Identify and respond to climate change risks and opportunities in managing the property portfolio and work towards carbon neutrality in operations, developments and corporate activities Policy
Water Employ leading practice approaches to sustainable use and management of water resources within the business operations, developments and corporate activities Policy
Waste and Resource Management Adopt a "closed loop" and lifecycle optimisation approach to managing waste and resource use within the business operations, developments and corporate activities Policy
Biodiversity Make a positive contribution to biodiversity, in the local environment wherever possible Policy

Beyond acting on things within GPT’s direct control, the aim is to support and encourage GPT’s stakeholders to respond to climate change, reduce waste, manage water sustainably, and protect and enhance biodiversity in areas within our influence.

Detailed environmental performance is provided in the following sections and NABERS ratings for water and energy are available for many of our assets.

Our Approach

GPT integrates environmental sustainability into the management of the portfolio operations and development projects. Working with site teams and other key stakeholders, performance is reviewed and targets set to improve GPT’s environmental sustainability performance each year.

Reporting systems are in place to track performance of all sites at detailed levels on a frequent basis, enabling management reporting throughout the business and for internal and external reporting.

Reporting scope

The Environment Data Pack provides detailed tables of performance across the material aspects for all properties that have been in the portfolio for at least 12 months. Each aspect is reported on a whole of environmental impact approach that means that even where GPT, or one of the managed funds, is a part owner the environmental impact is reported for the whole 100% of the property.

Intensity metrics allow for comparison of performance between properties as well as over time while NABERS ratings provide a more equitable benchmark comparison between properties.


Quick Links
Environment Data Pack

For detailed statistics around GPT's Sustainability Reporting Download the Environment Data Pack.

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