The GPT Group was included in the annual Dow Jones Sustainability Indices (DJSI), ranking in the 99th percentile and the top five most sustainable real estate companies in world.
In the GRESB Real Estate Assessment, released this week, GPT achieved Green Star (top quintile) status for the tenth consecutive year with a score of 85 out of 100. The Group’s wholesale funds also achieved Green Star status, with the GPT Wholesale Office Fund (GWOF) receiving a score of 89 and the GPT Shopping Centre Fund (GWSCF) receiving a score of 87.
CEO and Managing Director, Bob Johnston said, “GPT are proud of our continued inclusion in DJSI and GRESB for this year. This global recognition is testament to our ongoing commitment to enhance our environmental, social and governance performance to deliver long-term value for our investors and stakeholders.”
Mr Johnston continued, “I am particularly proud of our significant progress towards the carbon neutral certification of GWOF’s building operations in 2020, and the Group’s revised target to operate carbon neutrally across its portfolio of managed buildings by the end of 2024, six years ahead of our initial commitment of 2030.”
Manjit Jus, Global Head of ESG Research and Data, S&P Global:
“We congratulate The GPT Group for being included in the DJSI Australia. A DJSI distinction is a reflection of being a sustainability leader in your industry. With a record number of companies participating in the 2020 Corporate Sustainability Assessment and more stringent rules for inclusion this year, this sets your company apart and rewards your continued commitment to people and planet."
The DJSI are float-adjusted market capitalization weighted indices that measure the performance of companies selected with environmental, social and governance (ESG) criteria, administered by S&P Dow Jones Indices.
Key focus areas for the DJSI assessment include corporate governance and business conduct, environmental performance and efficiency, climate strategy, human rights, social contribution, safety and human capital development.
The GRESB Real Estate Assessment is an investor-driven global ESG benchmark and reporting framework for listed property companies, private property funds, developers and investors that invest directly in real estate.
More than 1,200 companies participated in the 2020 assessment, which is shaped by what investors and the industry consider to be material issues in the sustainability performance of real estate investments. Topics include corporate governance, environmental targets and performance, building certifications, and stakeholder engagement.
Changes to the GRESB Assessment methodology in 2020 mean it is not recommended that parties compare 2020 performance to that of prior years.
Further information is available on the GRESB website: https://gresb.com/wp-content/uploads/2020/11/Document-B-Results-Communication-to-Stakeholders.pdf