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 (new to 2018);
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In-kind giving; and
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Monetary contributions through donations and sponsorships.
GPT has invested significantly in community-valued facilities (such as End of Trip facilities, and playgrounds at our retail assets) over the past years. Most of our assets now have these facilities in place, reducing the requirement for additional investment in this area. Expenditure in other categories remains steady or has increased, reflecting our continued focus on investing in and creating value for the community.
Corporate Community Investment Reporting - 2018 Results
In 2018, $5.02 million was invested in our communities as detailed below. This met our target of $5 million of investment for the 12 months.
|
Contribution |
2018 |
2017 |
Explanation for change in spend |
Examples |
|
Direct community investment |
$3.15m |
$6.88m |
Previous years reflected significant investment in end of trip facilities and playgrounds, many of our assets now have these community facilitates so further investment has not been required at the same levels |
Playground and community gardens
Investment in End of trip facilities
Family entertainment and community events
|
|
Sponsorship |
$0.21m |
$0.36m |
Some sponsorship expenditure moved to the GPT Foundation |
Sponsorships at asset level
|
|
GPT Foundation |
$0.30m |
-
|
New to 2018, GPT established a Foundation during the year through which the majority of the corporate community investment spend is channelled |
This includes investment in and donations to our seven Foundation community partners, and matching of workplace giving |
|
Volunteering time |
$0.21m |
$0.17m |
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 |
$0.50m |
$0.52m |
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 |
$0.62m |
$0.33m |
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 inclusion in the workplace |
GPT employees working on programs, activities and systems to deliver community outcomes |
|
Leverage |
$0.05m |
- |
New to 2018, GPT recognises the role to play in facilitating giving to charitable organisations by our people / other business partners |
Contributions to community organisations facilitated by GPT activities |
We have reviewed our Community Investment reporting practices against the London Benchmarking Group, resulting in a refinement of our Reporting Protocols [PDF].
Employee volunteering
The percentage of staff volunteering has increased on prior year to 77 per cent, exceeding our target rate of 75 per cent.
