Urban development often comes at the expense of biodiversity. The GPT Group’s voluntary actions at 865 Boundary Road in greater western Melbourne show how a natural capital approach can strategically inform the protection and restoration of Australia’s biodiversity.
GPT’s Energy Master Plan enabled the Group to effectively manage record high energy prices from 2022 to 2023 with both energy management and procurement processes being important contributors. These processes continue to evolve to manage what is forecast to be a turbulent period in energy markets.
To ensure that our assets are resilient to future climate change impacts, GPT completes and considers climate-related risk reviews when making major asset capital expenditure decisions. This includes lifecycle upgrades to plant and equipment at our assets, such as roof replacements.
GPT only uses carbon offsets to compensate for residual emissions that can’t be feasibly eliminated from its corporate operations, operating buildings and developments.
One of the most significant physical climate change risks to GPT assets is riverine flooding, however this is very limited as only a small percentage of assets are located within a riverine flood zone.
Traditionally, energy transaction is a simple linear relationship between a large coal-fired generator and the consumer. With advancements in technology, a new energy ecology is made up of a multitude of widely distributed interactions.
