Fraud and/or corruption, including bribery, in all forms are behaviours that are contrary to GPT’s values and culture. GPT is actively committed to preventing fraud and corrupt conduct throughout the organisation.
The GPT Group aims to be an overall positive contributor to environmental sustainability, aspiring to positively contribute to sustainable and resilient communities and ecosystems through the protection of biodiversity.
We believe that responsibly managing our biodiversity impacts will enable us to strategically assess biodiversity-related risks and opportunities in managing our investments, anticipate and respond proactively to emerging regulations and societal expectations, and play our part in working towards our aspiration of sustainable and resilient communities.
We understand the scientific imperative to immediately reduce carbon emissions in order to avoid dangerous climate change and to continue to monitor and assess adaptation risks and opportunitise arising from climate change impacts on our assets and business. The GPT Group will be carbon neutral and resilient to the impacts of climate change.
We are proud of GPT's longstanding reputation for applying the highest ethical and moral standards in all its dealings.
The Code of Conduct sets out the standards of conduct we expect at GPT as we work to be the most respected property company in Australia.
The GPT Group aims to be a highly trusted property manager and developer wherever we operate and in doing so return value to our communities as well as our investors. We consider these outcomes to be complementary as the health and resilience of our local communities and the trust we build with them will be reflected in the performance of our assets and success of our business.
The policy provides guidance principally in respect of conflicts arising from the existence of obligations owed by certain Directors to other corporate entities, but also in respect of conflicts arising from any material personal interests held by the Directors. The policy provides for the establishment of procedures to facilitate good corporate governance and legal compliance with duties arising under statute.
The purpose of this policy is to assist GPT to comply with its Continuous Disclosure Obligations by establishing a framework to enable disclosure to investors and the market in a timely and transparent manner.
The GPT Group aims to be a highly trusted property manager and developer wherever we operate and in doing so return value to our communities as well as our investors. We consider these outcomes to be complementary as the health and resilience of our local communities and the trust we build with them will be reflected in the performance of our assets and success of our business.
GPT promotes a diverse and inclusive workplace where employee differences such as sexual orientation, sex, gender identity, race, beliefs, age, or abilities are valued. The unique skills, perspectives and experience that our employees possess promotes greater creativity and innovation that better reflects and serves the needs of our diverse customer base, ultimately driving improved business performance.
GPT recognises that domestic and family violence may seriously impact an individual, their family and their workplace and impacts the communities in which we operate. Our Domestic and Family Violence Policy articulates a range of support available to employees who are affected.
We recognise the magnitude of energy consumed by the property sector and understand its role in transitioning the grid to renewables to immediately reduce greenhouse gas emissions. We prioritise carbon emissions reduction through driving efficiency, on-site solar energy generation, procuring off-site renewable electricity and the electrification of assets. We manage risks of a disorderly transition to a low carbon economy through peak demand management, load shifting and energy storage processes.
GPT is committed to providing a safe, healthy, inclusive, collaborative and productive environment for all of our employees and workers associated with the company. We seek to ensure that our workplace is an environment free from unfair treatment, discrimination, harassment, vilification, bullying and conflict by minimising conduct and actions or activities which may lead to personal injury, including unacceptable behavior.
GPT promotes a diverse and inclusive workplace where employee differences such as sexual orientation, sex, gender identity, race, beliefs, age or abilities are valued. We seek to ensure that all our employees feel safe, welcome and included at work.
GPT aspires to foster a unified, authentic and courageous workplace in which all employees respect each other’s diverse range of experiences and backgrounds. To maintain a collaborative work environment, GPT ensures that employees have every opportunity to express grievances and have them resolved in a fair, equitable and prompt manner.
GPT is committed to ensuring that the operations of the Group are conducted in a manner which safeguards the health and wellbeing of all our stakeholders including employees, tenants, contractors, customers and members of the public who are either present at, or affected by our assets.
At GPT we create experiences that drive positive impact for people, place and planet. As a leader in the Australian property sector, we understand and take seriously our responsibility to all stakeholders to uphold high ethical standards in our business practices and decision-making. A critical part of this is respecting the human rights of everyone we deal with, whether directly or indirectly.
GPT is committed to responding to investor complaints in a fair, timely and efficient manner to maintain the trust and confidence of our investors. The Investor Complaints Handling Policy contains information on our guidelines and procedures for dealing with complaints from investors.
GPT aims to attract, retain, and deploy the best talent in the market in order to achieve optimal business outcomes. To achieve this aim GPT believes it is essential that the GPT employee value proposition contains a substantial and authentic commitment to supporting the career development of our employees through continuous learning.
We recognise that, globally, resources are being consumed and waste is being generated at unsustainable rates. The GPT Group will procure, use and recover materials in a closed loop, circular manner, reducing the disposal of waste generated by occupants and users of our assets and in our developments.
This Modern Slavery Statement is an important part of GPT’s commitment to foster a corporate environment that sets the highest standards of ethical and professional behaviour. It is our fifth Statement in accordance with the Act.
GPT believes that the privacy of its information is critical. The Privacy Policy contains information on our policies and practices relating to privacy.
The GPT Group’s risk management approach incorporates culture, people, processes and systems to enable the organisation to realise opportunities whilst managing actual and potential risks.
GPT recognises the requirement for effective risk management as a core capability and consequently all employees are expected to be managers of risk.
As employees within the investment management industry, KMPs and Employees must recognise that their actions must at all times withstand scrutiny from within the GPT Group, Securityholders, joint venture partners, regulators and the general public when considering personal investment opportunities.
This policy is designed to help ensure that each employee of GPT, and GPT as a whole, comply both with the formal regulatory environment and with the standards of moral and ethical behaviour expected of us.
While the election of Directors is ultimately a matter for GPT’s Securityholders, the Board plays an important role in the selection and recommendation of potential candidates for Securityholder vote.
This policy sets out the process and the guidelines for the selection and appointment of independent, nonexecutive directors.
GPT is committed to providing a safe environment for all of our workers. We seek to ensure that our workplace is an environment free from harassment, discrimination and victimisation by minimising the conduct and actions which may lead to unacceptable behaviour.
The Supplier Code of Conduct outlines GPT’s fundamental expectations of its suppliers regarding their activities in the production and delivery of goods and services supplied directly to GPT.
The Supplier Code of Conduct supports GPT’s values, purpose and strategy, as well as internationally recognised standards and appropriate codes of practice.
GPT is committed to being a sustainable business, and aspires to be an overall positive contributor to our communities, people and the environment. We recognise that our performance depends on that of our suppliers and we aim to work in partnership with them in delivering shareholder value and in working towards our vision to create and sustain environments that enrich people’s lives.
To underpin our purpose of creating experiences that drive positive impact for people, place and planet, a suite of sustainability policies has been implemented at GPT in areas of environmental sustainability, social sustainability, health and safety, suppliers and employees.
Click here to see our full list of sustainability policies.
The GPT Group is committed to managing its tax obligations responsibly and in compliance with all laws and regulations.
The Board of Taxation has released a Tax Transparency Code (“TTC”) that recommends a set of principles and minimum standards on the disclosure of tax information for businesses. The GPT Group has voluntarily adopted the TTC recommendations and publishes this document as part of the Group’s commitment to tax transparency.
Please see below for previous Tax Transparency Reports:
GPT Tax Transparency Report - 2020
GPT Tax Transparency Report - 2019
GPT Tax Transparency Report - 2018
We recognise that water is a constrained but essential resource to the sustainability of our business and to society more broadly, especially within Australia. The GPT Group will be water neutral in our operations and resilient to water scarcity and extreme rain events.
GPT is committed to creating and maintaining a culture of corporate compliance and ethical behaviour in which employees are responsible and accountable, behave with honesty and integrity and are able to raise concerns regarding unethical, unlawful or undesirable conduct, without fear of reprisal.