An Australian real estate company is actively integrating sustainable practices into its investments, property management, development endeavours, and workplace environments. The company views sustainability as crucial for long-term success.
The company has achieved a 34% reduction in scope 1 and 2 GHG emissions compared to FY19. This was achieved by directing substantial investments towards behind-the-meter solar installations to decrease fossil fuel consumption at its various sites. These include 15 new solar photovoltaic systems at existing sites, encompassing 4 installations in new developments, and 2 on sites with pre-existing rooftop solar setups. Till June 2023, this strategy covered 62.5% of its portfolio, leading to energy savings of over 1500 KW, with roof-top installations being the major contributors. The company's sustainability drive continues with an ongoing solar PV rollout, featuring 70 operational installations with a combined generation capacity of 1,619 KW. The company also took concrete steps to reduce water consumption and wastage, resulting in a 12% reduction in water intensity compared to FY19.
They received an “A” ESG rating from MSCI in 2023, and in 2022, the National Australian Built Environment Rating System (NABERS) awarded it 4.7 stars for Energy Efficiency and 4.5 stars for Water Efficiency.
The accolades and savings achieved by the company, through ESG practices, proves that companies can make profits, and be environmentally and socially responsible simultaneously. An example worth emulating by the others in the corporate world.
