- Slight increase in water consumption due to higher occupancy and return-to-office trend
- Limited success in social enterprise engagement through property operations due to supplier business closures and project size mismatches
- Climate change related physical risks (extreme weather, flooding) and transition risks (regulatory changes, market shifts)
Growthpoint Properties Australia (comprising Growthpoint Properties Australia Limited, Growthpoint Properties Australia Trust and their controlled entities)
Greenhouse gas emissions & sustainability report data
Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
Renewable Energy
50% (FY24), targeting 75% (FY25) and 100% (FY26)
of total energy
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2021-07 to 2022-06 | 68.2K tCO2e (market-based) |
| 2020-01 to 2020-12 | 12.6K tCO2e/year (Scope 1 & 2) |
| 2019 | 13.2K tCO2e/year |
| 2016 | 6.6K tCO2e (CY15) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Completed six onsite solar installations (376kW), bringing total portfolio solar capacity to 1,243 kW (16 offices)
- Increased GreenPower coverage to approximately 50% of electricity needs
- Maintained portfolio average NABERS Energy rating at 5.2 stars
- Reduced total energy consumption by 10.0%
- Reduced like-for-like energy consumption by 6.6%
- Improved energy intensity to 223 MJ/sqm (FY23: 241 MJ/sqm)
- Diverted 26.2% of total waste from landfill (FY23: 25.0%)
- Completed asset-level physical climate risk assessments for the entire portfolio
🎯 Climate & Sustainability Targets
🔜 Short-term
- Achieve net zero emissions target for office assets and corporate activities by 1 July 2025
- Maintain an average 5-star NABERS Energy rating for office assets
- Divert on average 35% of waste from landfill for office assets
📅 Medium-term
- Increase GreenPower coverage to 75% of electricity needs by FY25
- Develop a Biodiversity Enhancement Plan by FY25
- Refine residual risk ratings from the FY24 physical climate risk assessment by FY25
- Undertake a climate transition risk assessment by FY25
🔭 Long-term
- Explore ideas beyond Net Zero Target
- Achieve 40:40:20 gender representation for direct reports to the EMT by 2028
- Maintain a 40:40:20 gender representation across the Group’s workforce generally
🌱 ESG Focus Areas
DecarbonisationNatural resource managementWaste and circularityClimate change resilienceGreen and social economyTenant satisfactionEmployee engagementResponsible and sustainable supply chainSocial impactSustainability governance