We work closely with our team, customers, investors and foundation partners to ensure GMT is a sustainable and resilient business that contributes positively to society. By aligning our corporate responsibility and sustainability vision with our purpose, we believe we can make space for greatness for all our stakeholders.
Our sustainability strategy is driven by the factors that are material to our business. Internal and external stakeholders are surveyed regularly to confirm what drivers of change are considered the most significant for our business.
The following matrix presents these 14 factors.
As a leading real estate investment vehicle, our focus is on the built environment and the delivery of sustainable property solutions that help our customers thrive. We are working closely with these businesses and other stakeholders to decarbonise, to mitigate climate risk and to boost biodiversity.
Our 2020 Emissions Management and Reduction Plan details the initiatives that will help in the transition to a low carbon, sustainable business. These targets align with the objectives of the Paris Agreement and the limiting of global warming to less than 2 degrees.
Our commitment to measuring and mitigating carbon emissions extends to our development programme where the use of lower carbon materials and building systems aim to reduce emissions in the construction phase. Residual embodied carbon is also being offset on new projects.
This approach complements the Trust’s business operations which are Toitū carbonzero certified.
Having a more resilient property portfolio is a crucial part of Goodman’s sustainability strategy and long-term approach. A resilient portfolio is one that is strategically located, adaptable to customer needs, and with greater resilience to a changing climate.
Goodman’s properties are designed to be efficient and highly functional both today and into the future. We achieve this by combining sustainable design fundamentals with the use of innovative materials and building automation to develop green buildings. This work helps us meet our own sustainability targets, and those of our customers and Investment Partners.
We use the GRI framework within our annual reports to promote our sustainability reporting and facilitate access to key information, enhancing transparency and accountability.
Contributing emissions data since 2006 the business achieved an improved climate score of B last year, compared to B- in 2020. It was the highest rating achieved by a New Zealand organisation, with the top honour being shared with a number of other leading local companies.
CDP also awarded a Supplier Engagement Score of A-, the first time this assessment has been made.
We are proud to have our business operations Toitū carbonzero certified since 2021. While we expect some volatility year to year, our target objective is to reduce absolute emissions by 19.4% before 2025 (within five years of the 2020 base year).
Assurance from Toitū confirms our GHG emissions have been measured in accordance with ISO 14064-1:2006 and that we have offset unavoidable Scope 1, Scope 2 and mandatory Scope 3 emissions with locally sourced carbon credits.
A commitment to sustainable development includes the targeting of a 5 Green Star Built rating for all new projects. The certification from the New Zealand Green Building Council, assesses the sustainability attributes of the development and the quality of the workspaces it provides.
Achieving a 5 Green Star Built rating will confirm that all new facilities can help reduce a customers’ carbon footprint. A more resource efficient building provides lower operating costs for these businesses with healthy and productive workspaces that support wellbeing.
