Overview

In 2013 DEXUS Property Group detailed its FY14 commitments based on material issues which have the greatest impact on its stakeholders to ensure outcomes are aligned to the interest of investors, stakeholders and the wider community.

DEXUS has delivered on the majority of its FY14 commitments and the results relating to each stakeholder group are detailed in the 2014 Annual Review supported by non-financial and operational data supplied in this Performance Pack.

Materiality

The Group uses the GRI Sustainability Reporting Guidelines (version 3.1) to set the 2014 Annual Review boundary in relation to material issues and key performance indicators reporting across stakeholder groups, including current and prospective investors, employees, tenants, customers, suppliers and the community.

In 2014, the Group developed a plan to transition from GRI version 3.1 to its materiality-based G4 sustainability reporting guidelines for reporting in FY15. The plan involves four phases in which the Group will systematically:

  1. Scan internal and external collateral and review existing and emerging material issues that are known to be or potentially relevant to the Group as identified by local and international best-practice peers, investment bodies, sustainability benchmarking tools and industry associations

  2. Engage with a wide range of stakeholders to consult with them on existing and emerging material issues and gather feedback on current reporting disclosure

  3. Conduct workshops and business forums with the Group's employees to prioritise material issues based on their significance and likely impact to DEXUS and its stakeholders

  4. Prepare to report in FY15 by reviewing the Group's strategy and set targets against the developed list of material issues and proceed to collect and report against these issues

The Group completed the review phase in FY14 and will continue its transitional work in preparation for reporting against GRI G4 in FY15.

Boundaries

In the DEXUS Performance Pack, references to 'DEXUS Property Group', 'the Group', 'we', 'us' and 'our' refer to DEXUS Property Group comprising the ASX listed entity and the Third Party Funds Management business, unless otherwise stated. References to 'DEXUS' relate specifically to the portfolio of properties in the ASX listed entity.

Any reference in this report to a 'year' relates to the financial year ended 30 June 2014.

All dollar figures are expressed in Australian dollars unless otherwise stated.

Download a PDF version of the 2014 Performance Pack

Independent assurance

In addition to auditing the Financial Statements, PricewaterhouseCoopers provides limited assurance over select data from Australia and New Zealand within the 2014 Annual Reporting Suite. This covers the 12 months to 30 June 2014 in accordance with the reporting criteria. The Assurance Statement, the GRI verification report and associated reporting criteria documents are available in the 2014 Online Reporting Suite.

Please visit the 2014 DEXUS Annual Review to view:

  • The PricewaterhouseCoopers Assurance Statement

  • The criteria guidelines used for the assurance of selected data

For a list of CR&S memberships, awards and affiliations click here