We seek to take advantage of value-adding opportunities to maximise securityholder value, through the acquisition, re-development, refurbishment, re-positioning and re-leasing of assets. Our core plus approach means that our assets are actively managed and often undergo significant change over their lifecycle.
Abacus Property Group believes it is important to understand and respond to the environmental, social and governance impacts of our business activities and, as a responsible corporate citizen, we have a duty of care to all our stakeholders and the environment in which we operate.
Our approach to sustainability is underpinned by our Sustainability and Environmental Policy, which is focused on supporting growth across the business by recognising that we have responsibilities to all our stakeholders and the environment in which we operate.
We are committed to implementing sustainable practices in our investments, property management, development activities and workplaces. We use these practices to manage risks, create opportunities and strengthen our operations.
We have set clear sustainability targets to improve our environmental performance, transparency and accountability.
Our targets are focused on energy, emissions, water and waste across our property portfolio (assets under operational control) and were developed in conjunction with our asset management team and approved by our Board. To achieve these targets, we have developed sustainability improvement pathways for our assets which are aligned with our operational and capital works upgrades.
Targeting a NABERS Energy portfolio average of 5 stars by FY25 for office assets
15% reduction in Scope 1 & 2 GHG emissions intensity by 2025 (from FY19 base year) for commercial property
Net Zero emissions by 2050 (Scope 1 and 2)
Targeting a NABERS Water portfolio average of 4 stars by FY25 for office assets
10% reduction in water intensity by 2025 (from FY19 base year) for commercial property
Targeting a 50% diversion from landfill by FY25 across commercial property
Current NABERS Portfolio Average (30 June 2020)
NABERS Energy 4.26 stars
NABERS Water 3.34 stars