Goodman Property Trust Annual Report 2022
SCROLL DOWN
icon/arrow/white

OUR SUSTAINABILITY FRAMEWORK

Goodman’s focus as an owner, developer and manager of warehouse and logistics space is part of a broader strategy that includes the aim of becoming a truly resilient and sustainable business.
Recognising that our corporate performance is integral to our reputation and long-term success, we’ve worked to incorporate sustainability principles across all areas of our business.
There are three pillars to our sustainability framework.
Sustainable properties
As a long-term investor we want a future-proof portfolio, with high-quality assets that are adaptable, energy efficient and resistant to climate change. We understand the environmental benefits of repurposing brownfield sites and the value to our customers of being located close to consumers and key transport infrastructure.

A focus on workplace amenity ensures our facilities also meet our customers’ wider business needs.

 

 

People and culture
We believe that a business with a safety conscious and inclusive culture, that is positively connected with its community, will deliver superior long-term results.

Our people are recruited and rewarded based on their commitment to these values, their professional expertise, and their long-term strategic and ethical thinking. We encourage high standards of behaviour and provide a healthy work environment with the tools to work flexibly and safely.

 

 

Corporate performance
We critically assess our results and provide investors, regulators, customers and community partners with detailed information about our business activities including performance against recognised and credible benchmarks.

A sustainable capital structure, contemporary governance policies and commitment to environmental and social initiatives give these stakeholders confidence in our strategy.

 

 

Material Factors
Sustainability framework material factors graph Sustainability framework material factors graph
These 14 factors were determined through stakeholder interviews1 in FY21 where stakeholders were asked what drivers of change they considered to be the most significant for our business.

 

1 Facilitated by Proxima, the engagement process included face to face, online and phone interviews with a representative group of stakeholders.
The group included customers, investors, analysts, and community partners. Of the 22 invited, 14 participated.

MATERIAL FACTORS

The three pillars of sustainable properties, people and culture, and corporate performance include the material factors that have been identified as important contributors to our success.

These 14 factors were determined through stakeholder interviews1 in FY21, where stakeholders were asked what drivers of change they considered to be the most significant for our business.

We have reviewed these factors internally this year, taking into account an increased focus on business sustainability and resilience, and determined that all 14 remain relevant.

Stakeholders will be surveyed again in FY24 as part of a regular three-year review cycle.

The following pages describe how these factors are integrated into our broader business strategy. It includes reporting on a range of non-financial metrics, monitoring progress against future targets and being accountable for our performance.

We’re challenging ourselves to do better, and do more for the benefit of all, across each of these areas.

Sustainable Properties