Our Performance

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Our performance

GPT’s Corporate Community Investment Protocol aims to capture all material community-related investments made by GPT including:

  • Time volunteered by GPT employees;

  • Direct community investment;

  • Giving through the GPT Foundation;

  • In-kind giving; and

  • Monetary contributions through donations and sponsorships.

GPT invests significantly in community-valued facilities (such as End of Trip facilities, and playgrounds at our retail assets) and over the last 12 months has been particularly focused on upgrading common areas of property that customers and occupants can enjoy. We have also invested significantly across the year in diversity and inclusion initiatives, reflecting a significant increase in our management costs, with a full year of operation of the GPT Foundation also reflected. 

Corporate Community Investment Graph

Corporate Community Investment Reporting - 2019 Results

In 2019, $7.65 million was invested in our communities as detailed below. This exceeded our target of $5 million of investment for the 12 months.

 

Contribution

2019

2018

Explanation for change in spend

Examples

Direct community investment

$5.27m

$3.15m

This reflects further investment in end of trip facilities, play grounds, common areas and community events

Playground and community gardens

 

Investment in End of trip facilities

 

Family entertainment and community events

 

Sponsorship

$0.05m

$0.21m

Some sponsorship expenditure moved to the GPT Foundation

Sponsorships at asset level

 

GPT Foundation

$0.59m

$0.30m

A full year of operation for the GPT Foundation

This includes investment in and donations to our seven Foundation community partners, and matching of workplace giving

Volunteering time

$0.23m

$0.21m

GPT maintains a high level of employees volunteering with community organisations

GPT employees volunteering throughout the year and on the annual Community Day

In kind provision of charity and community space

$0.48m

$0.50m

GPT continues to offer space free of charge to community organisations

 

Providing space in shopping centres or office building foyers for charity and community events

Management support

$1.01m

$0.62m

This increase indicates the significant employee and management time invested in furthering our Reconciliation Action Plan goals, the employee committee that governs the GPT Foundation and the focus on LGBTIQ and other inclusion activities both in the workplace and industry

GPT employees working on programs, activities and systems to deliver community outcomes

Leverage

$0.02m

$0.05m

    The role GPT plays in facilitating giving to charitable organisations by our people / other business partners

    Contributions to community organisations facilitated by GPT activities

     


     

    Employee giving

    The percentage of staff volunteering has fallen to 65.5%. Whilst this did not meet our target of 75%, 80.3% of GPT employees were involved in the GPT Foundation during 2019 through volunteering, donating or fundraising activities.