Sustainability

At Centuria NZ, we are seeking to better understand the environmental, social, and governance (ESG) implications of our operations and how we can effectively respond to these going forward. Our approach is defined by Centuria’s Sustainability Framework, a framework that outlines our ESG focus areas and helps to guide our related initiatives, including climate change-related initiatives, which are addressed through one of the sustainability pillars, ‘Conscious of climate change’.

Our sustainability framework

Centuria’s Sustainability Framework (which has been adopted by Centuria NZ) helps to drive the interaction and interdependence between Centuria’s purpose, sources of value and business strategy, while seeking to consider the interests of key stakeholders, as we understand them. It comprises three pillars:

Environment: Conscious of climate change

Social: Valued stakeholders

Governance: Responsible business practices.

CONSCIOUS OF CLIMATE CHANGE (ENVIRONMENTAL)
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Conscious of climate change (Environmental)

Climate change has the potential to impact the way Centuria does business and the livelihoods of the communities in which Centuria operates. Increasing severity in weather patterns and the movement of capital towards climate resilient opportunities requires a proactive and positive response.

Centuria is exploring opportunities to reduce GHG emissions where practicable and is beginning to understand how the business can become more resilient to the impacts of climate change.

Centuria’s approach to climate change aims to build strategic resilience into the way Centuria operates and is directed at reducing the impact of future potential climate-related risks, both physical and transitional, in assets Centuria manages.

Climate change

Environmental and climate change related events have the potential to create damage to assets, disrupt operations and impact the health and wellbeing of people and communities that Centuria Capital Group interacts with. The Group aspires to be a positive contributor towards responding to the challenges presented by climate change.

Green buildings

Centuria Capital Group aims to deliver a high quality portfolio with third party green building ratings such as the Green Building Council of Australia’s Green Star ratings on new developments where practicable. Centuria is exploring options for efficient property management and retrofitting buildings with equipment that can assist with managing resources efficiently and help to minimise the Group’s impact on the environment.

Energy and emissions

Centuria Capital Group focuses on key initiatives which are designed to minimise the Group’s carbon footprint and improve energy efficiency. Initiatives are set with consideration of the Group’s unique real estate funds platform and aimed at maximising value for tenants and investors, while also aiming to reduce our GHG emissions.

Water and waste

The Group is exploring options for responsible natural resource management, which largely includes waste and water. Achieving efficient water consumption and reducing the amount of operational waste across the Group’s portfolio can help to better service stakeholders and reduce the Group’s environmental impact.

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Valued stakeholders (Social)

For Centuria, a valued stakeholder is one that Centuria seeks to assist in creating long-term shared value.

Centuria defines stakeholders as customers (tenants), investors, suppliers, government, industry bodies, employees and communities in which Centuria operates.

Centuria seeks to create shared value with its stakeholders by striving to understand how, as an asset and fund manager, we can contribute to mutual benefits for both Centuria and our stakeholders.

Customer satisfaction

Centuria Capital Group strives towards the success of its customers. The Group’s customer engagement model is geared towards responding to tenant needs through a collaborative focus on asset upgrades and a pursuit for operational efficiencies.

Employees

Centuria Capital Group seeks to invest in its people and grow capability to deliver on the Group’s strategy. Building a collaborative and engaging workplace that enables employees to contribute and excel is integral to the delivery of the Group’s vision, strategy and purpose.

Health and wellbeing

The health and wellbeing of employees and tenants is a strategic priority for the Group. Centuria Capital Group seeks to develop programs which improve the health and wellbeing (both physical and mental) of employees and tenants.

Community focus

Centuria Capital Group has longstanding relationships with local community organisations and actively explores ways to improve the communities in which it operates.

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Responsible business principles (Governance)

Centuria is committed to honest, transparent and responsible business practices. Centuria seeks to achieve this by investing in our processes and people, along with equipping the organisation to act responsibly and in the best interest of our stakeholders.

Centuria’s corporate governance framework integrates ESG measures which aim to help create an effective and ethical culture, which plays an integral role in supporting our business and helping it deliver on its strategy.

The Centuria Capital Board is responsible for approving Centuria’s sustainability framework and overseeing its implementation. Policies and procedures are reviewed regularly and updated in consideration of relevant regulatory changes.

Corporate governance

Centuria Capital Group seeks to meet the highest standards of corporate governance and align with the ASX Corporate Governance Principles and Recommendations, Australian Securities and Investments Commission and the Australian Prudential Regulatory Authority requirements. The Group strives to ensure that its business operations are underpinned by robust governance practices and policies, which are reviewed by the Board. The executive leadership team and employees are responsible for upholding the Group’s high corporate governance standards day to day.

Cybersecurity

The confidentiality of the information collected and the robustness of the Group’s cyber systems to protect this information are key concerns for clients and business associates. We continue to seek improvements in our cyber security position.

Modern slavery

Centuria Capital Group aims to establish a responsible supply chain that mitigates modern slavery risks. The Group is exploring initiatives to implement and monitor practices which support human rights with reference to the Australian Modern Slavery Act 2018 (Cth).

Investment approach

The Group has an ESG Policy that recognises the importance of valuing environmental, social and governance themes, and we seek to integrate them into our approach through the application of this policy.

78 Tidal Road Mangere
05.09.2022

Centuria NZ and Hancocks create sustainable industrial warehouse in Mangere

Centuria NZ Industrial Fund and Hancocks are transforming an Auckland warehouse into modern, sustainable industrial facility.

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20.05.2022

6-8 Munroe Lane has officially obtained a 5 Green Star – Design & As Built NZv1.0 Certified Design Review rating

We are pleased to announce that Asset Plus‘ 6-8 Munroe Lane project in Albany, Auckland, managed by Centuria New Zealand, has officially obtained a 5 Green Star – Design & As Built NZv1.0 Certified Design Review rating. The green building rating scheme certifies projects that slash waste to landfill, responsibly sources materials and create spaces that better serve the environment and end user.

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11.03.2022

International Women’s Day 2022

This International Women’s Day we asked five Centurians to share their thoughts on being a working woman in 2022. Hear from our colleagues in Auckland, Sydney, Brisbane, Melbourne and Perth.

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Golf day group running
11.01.2021

Could you play 18 golf courses (324 holes) over three days

Could you play 18 golf courses (324 holes) over three days? Before you answer and to put this idea into context – that’s six 18-hole rounds over three days straight. We know four great New Zealanders about to attempt just that. And as far as they know, this has never ever been done before! Why? Well,

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Dhys Faleafaga
18.09.2019

Augusta supports Dhys Faleafaga through the Tania Dalton Foundation

We are thrilled to be supporting the Tania Dalton Foundation through the financial support of their scholarship programme. The Tania Dalton Foundation has been established to ensure Tania’s passion for sport and for helping others lives on. The Foundation aims to make a meaningful difference to young New Zealanders in the community. It supports young New Zealanders,

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