Centuria continues to make progress in understanding our ESG impacts. We have worked to further incorporate increasingly sustainability-related factors into our business practices across our operations.
We are addressing climate issues, alongside a range of social and stakeholder initiatives.
We have developed the Centuria Sustainability Framework to help us better understand the ESG impacts of our activities and to assist with driving improvements in those impacts through the focus areas in our ESG strategy.
The Sustainability Framework is based on an assessment of our material topics – that is, the ESG topics most relevant to our internal and external stakeholders, based on their impact on the environment, people and the economy.
The revised Sustainability Framework simplifies and strengthens our approach to ESG. The new Framework will help guide our ESG strategic initiatives and approach moving forward.
Understanding the ever-changing needs, perceptions and concerns of our stakeholders is an important part of our sustainability approach.
This year, we have seen the effects of severe weather events in both Australia and New Zealand, including the Auckland Anniversary floods and Tropical Cyclone Jasper in Queensland. Conscious of the potential impact of climate on our business and the communities where we operate, Centuria continued striving to build strategic resilience into our business.
Climate resilience
Build strategic resilience to potential future impacts of climate change.
Energy and emissions
Monitor and reduce energy consumption and GHG emissions in line with Centuria’s targets.
Resources and waste
Manage natural resources and minimise waste.
For the purpose of the Valued Stakeholders pillar, we define valued stakeholders as customers, tenants, investors, suppliers, government, industry bodies, employees and communities in which we operate.
As an asset and fund manager, we are working to understand how we can create shared value with these groups for our mutual benefit.
Customer and community
Engage our customers and community to create shared value.
People and equity
Focus on promoting growth for our people and encourage diversity, equity and inclusion.
Health and wellbeing
Prioritise the health and wellbeing of our staff and customers.
Centuria seeks to achieve honest, transparent and responsible business practices by investing in both our processes and people. By integrating ESG measures into our governance framework – including our Sustainability Framework – we aim to continue building an ethical and collaborative culture.
Investment approach
Embedding ESG considerations into our acquisition processes.
Modern slavery
Seek to minimise modern slavery in our supply chain.
ESG benchmarks
Where appropriate, assess assets and portfolios against relevant ESG benchmarks and explore third party sustainability certifications such as Green Star.
Centuria supports and actively participates in several associations and industry groups, which aim to assist real estate and funds management across Australia and New Zealand. Memberships are regularly reviewed to align with the business and its corporate values.
Centuria supports and actively participates in several associations and industry groups, which aim to assist real estate and funds management across Australia and New Zealand. Memberships are regularly reviewed to align with the business and its corporate values.
