SPECIFIC STANDARD DISCLOSURES: SOCIAL - SOCIETY

Local communities

GRI

Description

Disclosure reference

Disclosure comments

External assurance

G4-DMA

Generic Disclosures on Management Approach.

Tenants and Customers DMA

 

 

G4-SO1

Percentage of operations with implemented local community engagement, impact assessments, and development programs.

Tenants and Customers
2015 Performance Pack

Community
2015 Performance Pack

Tenants and Customers DMA

Supply Chain DMA

People and Culture DMA

Environment DMA

100% of all properties under development engage with local authorities and the community, as part of this process environmental impact assessments are carried out at all sites and on selected sites social impact assessments are undertaken. 100% of retail properties have operational community engagement plans. Retail represents 19% of the Group's property portfolio by asset value.

Dexus is an active member of a community working group at Circular Quay (NSW), engaging with the Sydney Harbour Foreshore Authority, Transport for NSW and Infrastructure NSW in the development of a Strategic Plan for Circular Quay. Similarly, Dexus is a member of the Martin Place Owners Group.

Dexus employees across the Group participate in volunteering activities as part of the Group's community engagement program, contributing 1,029 hours towards community programs in FY16.

 

G4-SO2

Operations with significant actual and potential negative impacts on local communities.

Strong Communities
2016 Performance Pack

No potential material negative impacts identified. Positive impacts are provided in Community performance.

 

G4-CRE7

Number of persons voluntarily and involuntarily displaced and/or resettled by development, broken down by project.

No people were physically displaced as a result of Dexus operations.

   

Anti-corruption

GRI

Description

Disclosure reference

Disclosure comments

External assurance

G4-DMA

Generic Disclosures on Management Approach.

Governance DMA

   

G4-SO3

Total number and percentage of operations assessed for risks related to corruption and the significant risks identified

 Each year Dexus completes a review of its risk management framework that encompasses 100% of employees across all 16 business units. Risk management policies, procedures and governance committee structure were reviewed to ensure continuous improvement and to minimise the risk of ethical or corruption breaches.

Identification and management of conflicts of interest was a compliance-related focus area for the Board Risk Committee in 2016.

The review process involves the facilitation of risk workshops with senior management to review and update the risk register. Dexus has an anti-bribery policy that outlines its commitment to ethical behaviour.

Dexus’s internal control procedures are also subject to annual independent verification as part of the GS007 (Audit Implications of the Use of Service Organisations for Investment Management Services) audit.
 

G4-SO4

Communication and training on anti-corruption policies and procedures.

 

 100%. Employees are required to declare their compliance with Dexus's Code of Conduct on an annual basis. Anti-corruption policies and procedures are included as part of this compliance. Compliance training is compulsory for every employee.  

G4-SO5

Confirmed incidents of corruption and actions taken.

 Dexus recorded no incidents of corruption this year, therefore there are no actions to disclose.  

Public policy

GRI

Description

Disclosure reference

Disclosure comments

External assurance

G4-DMA

Generic Disclosures on Management Approach.

Governance DMA

   

G4-SO6

Total value of political contributions by country and recipient/beneficiary.

 Dexus does not give any contributions - financial or in-kind - to political parties or politicians.  

Anti-competitive behaviour

GRI

Description

Disclosure reference

Disclosure comments

External assurance

G4-DMA

Generic Disclosures on Management Approach.

Governance DMA

   

G4-SO7

Total number of legal actions for anti-competitive behaviour, anti-trust, and monopoly practices and their outcomes.

There were no legal actions brought against Dexus for anti-competitive, anti-trust or monopoly practices in FY16.   

Compliance

GRI

Description

Disclosure reference

Disclosure comments

External assurance

G4-DMA

Generic Disclosures on Management Approach.

Governance DMA

   

G4-SO8

Monetary value of significant fines and total number of non-monetary sanctions for non-compliance with laws and regulations.

 There were no significant fines received or non-monetary sanctions for non-compliance with any laws and regulations in FY16.  

Supplier assessment for impacts on society

GRI

Description

Disclosure reference

Disclosure comments

External assurance

G4-DMA

Generic Disclosures on Management Approach.

Supply Chain DMA

   

G4-SO9

Percentage of new suppliers that were screened using criteria for impacts on society.

Strong Communities
2016 Performance Pack

   

G4-SO10

Significant actual and potential negative impacts on society in the supply chain and actions taken.

In FY16 Dexus did not identify any significant actual or potential negative impacts on society through monitoring of its supply chain. Dexus continues to enhance its supplier engagement and assessment process to improve data collection and reporting regarding supplier performance including impacts on society.  

Grievance mechanisms for impacts

GRI

Description

Disclosure reference

Disclosure comments

External assurance

G4-DMA

Generic Disclosures on Management Approach.

Formal complaints and grievances are received, handled, resolved and recorded in accordance with Dexus's Complaints Handling Policy.  

G4-SO11

Number of grievances about impacts on society filed, addressed, and resolved through formal grievance mechanisms.

 

In FY16 Dexus recorded six formal grievances relating to impacts on society which were resolved during the year.