Best practice: Australian real estate companies are disclosing asset-level emission data

Why it matters

GREEN members believe that, as stated in the GREEN’s Investor Statement, it is of the utmost importance for investors to be able to understand risks and opportunities and analyze real estate assets and portfolios against science-based transition pathways. Consequently, investors urge real estate companies and funds to disclose their Scope 1, 2, and 3 emissions’ progress in the context of these pathways and/or at least disclose energy- and carbon-intensity data per property type for each country. Furthermore, when a company discloses asset-level data, this allows stakeholders, such as investors and GREEN, to hold them accountable for their ESG goals.

Vicinity Centers and GPT Group

Vicinity Centers and GPT group are Australian-based companies with commercial properties located one hundred percent in Australia. Vicinity Centers and GPT group currently manage and operate more than 60 and 100 assets respectively.

Asset-level data disclosure practices

Vicinity Centers disclosed on its website the environmental performance data (energy, GHG, water and waste) on asset-level of 59 operating properties.

A similar practice is adopted by GPT Group. The fund launches an interactive platform (Tableau) that are open to public. The platform allows stakeholders to look for asset-level environmental performance energy, GHG (Scope 1 and 2 only for now), and water data with multiple sorting and filtering options.