Our performance
GPT’s Corporate Community Investment Protocol aims to capture all material community-related investments made by GPT including:
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Time volunteered by GPT employees;
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Direct community investment;
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Giving through the GPT Foundation;
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In-kind giving; and
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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 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.