- Increased utility costs due to electricity market and growing asset portfolio
- Stakeholder pressures for ESG and climate transparency in reporting
- Insufficient data on ESG and climate-related issues for stakeholders to make informed decisions
- Regulation around ESG-related disclosures and targets
- Increasing cost of grid electricity and macro pressures to adopt renewable energy
- Regulation and policy requirements to transition to a carbon neutral economy
- Embodied carbon considerations as part of re/development requirements
Pro-invest Group
Greenhouse gas emissions & sustainability report data
In its 2022-07 to 2023-06 reporting, Pro-invest Group disclosed greenhouse gas emissions of 9.2K MTCO2e. 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.
GHG Emissions
9.2K MTCO2e
2022-07 to 2023-06
Water Usage
108.3K kL
2022-07 to 2023-06
Waste
893 MT
2022-07 to 2023-06
โ Reported Environmental Achievements
- 83% of operational IHG hotels achieved/maintained Level 1 IHG Green Engage certification
- Ave. of 4.5-star NABERS Energy & Water ratings during 2023 across all 8 fund hotels rated
- 5 x Green Loans Awarded by Aareal Bank in recognition of high asset energy & water efficiency in operation
- 2-star uplift to 4.5- star NABERS Energy roadmap activation at Hotel Indigo Melbourne on Flinders during repositioning phase
- Holiday Inn Express Newcastle maintains carbon neutral certification status via NABERS Climate Active pathway scheme
- 460 tonnes of carbon retired via carbon neutral carpet scheme
๐ฏ Climate & Sustainability Targets
๐ Short-term
- Obtain third-party certification for all portfolio fund hotels (Green Key)
- Align with the Science-Based Targets Initiative (SBTi)
๐ Medium-term
- Establish a Net Zero 2030 Strategy
๐ญ Long-term
- Net Zero emissions by 2030
๐ฑ ESG Focus Areas
Environmental PerformanceSocial Impact & EngagementGovernance Practices