Material topic disclosure - Sustained value

GRI standard  Disclosure Reference                    Remarks/Omissions

Financial performance

GRI 103: Management approach 2016
103-1 Explanation of the material topic and its Boundary

Material issues - PP pg 2

Operating and Financial Review - AR pg 22

 

103-2 The management approach and its components

Material issues - PP pg 2

Strategy - AR pg 6

Operating and Financial Review - Risks- AR pg 28

Delivering on FY17 commitments

FY18 commitments

 

103-3 Evaluation of the management approach

FY17 highlights - AR pg 1

Creating value - AR pg 8

Operating and Financial Review - AR pg 22

Operating and Financial Review - Dexus Performance - AR pg 24

Delivering on FY17 commitments

 
GRI 201: Economic performance 2016

201-1 Direct economic value generated and distributed

Creating value - AR pg 8

Strong communities - PP pg 19

Consolidated Statement of Comprehensive Income - AR pg 53

Consolidated Statement of Financial Position - AR pg 54

Consolidated Statement of Changes in Equity - AR pg 55

Consolidated Statement of Cash Flows - AR pg 56

 

201-2 Financial implications and other risks and opportunities due to climate change

Operating and Financial Review - Risks - AR pg 28

Customers and community DMA

Environment DMA

CDP Report 2017 - Questions 2.1(a)(b), 5 and 6, pages 5, 20, 26

 

201-3 Defined benefit plan obligations and other retirement plans

  Dexus does not operate a defined benefit superannuation scheme. Consistent with Australian legislation, superannuation contributions are made to superannuation funds selected by employees.

201-4 Financial assistance received from government  

 

During FY17 Dexus received $354,722 in Energy Savings Certificates (ESCs) through participation in the NSW Energy Savings Scheme (ESS) for improvements in base building energy efficiency and a further $470,000 in ESCs from tenancy lighting upgrades.

The NSW government scheme is administered by the NSW Independent Pricing and Regulatory Tribunal. The funds received derive from claims submitted under the ESS following portfolio-wide technology and control upgrades implemented within Dexus's NABERS Improvement Program. ESCs are earned for each demonstrated tonne of carbon dioxide saved.

Transparency

GRI 103: Management approach 2016

103-1 Explanation of the material topic and its boundary

Material issues - PP pg 2

Principle 5 - Make timely and balanced disclosure - CGS pg 13

 

103-2 The management approach and its components

Principle 5 - Make timely and balanced disclosure - CGS pg 13

Governance DMA

Investor information - AR pg 105

 
103-3 Evaluation of the management approach

Principle 5 - Make timely and balanced disclosure - CGS pg 13

Governance DMA

Investor Information - AR pg 105

 
GRI 102: Ethics and integrity (general disclosures comprehensive) 2016

102-17 Mechanisms for advice and concerns about ethics

Principle 3 - Act Ethically and Responsibly - CGS pg 11

Principle 4 - Safeguard Integrity and Corporate Reporting - CGS pg 12

Principle 7 - Recognise and Manage Risk - CGS pg 15

Governance DMA

 
GRI 102: Governance (general disclosure comprehensive) 2016

102-25 Conflicts of interest

Board policies

Corporate policies

Directors' directorships in other listed entities - AR pg 50

Principle 3 - Act Ethically and Responsibly - CGS pg 11

Dexus has strict policies which address conflicts of interest including: Director Code of Conduct; Employee Code of Conduct; Conflicts of Interest Policy; Securities Trading Policy (including Inside Information); and Gifts and Entertainment. Potential conflicts and related party transactions are overseen by the Compliance Manager and are reported on a regular basis to the Board.
GRI 205: Anti-corruption 2016

205-1 Operations assessed for risks related to corruption

 

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.

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 and various internal audits.

205-2 Communication and training about anti-corruption policies and procedures

Principle 3 - Act Ethically and Responsibly - CGS pg 11    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.

205-3 Confirmed incidents of corruption and actions taken

Dexus recorded no incidents of corruption in FY17, therefore there are no actions to disclose.
GRI 206: Anti-competitive behaviour 2016

206-1 Legal actions for anti-competitive behaviour, anti-trust and monopoly practices

  There were no legal actions brought against Dexus for anti-competitive, anti-trust or monopoly practices in FY17.
GRI 307: Environmental Compliance 2016 307-1 Non-compliance with environmental laws and regulations   In FY17, Dexus recorded no incidents of non-compliance with environmental laws and/or regulations. Dexus did not receive and fines or non-monetary sanctions and had no legal cases concerning environmental issues brought against it.
GRI 415: Public Policy 2016 415-1 Political contributions  

Dexus does not give any contributions - financial or in-kind - to political parties or politicians. Dexus is a member of various industry associations that promote best practice, advocate for policy reforms or otherwise enhance the property sector or geographical markets in which we operate. These organisations include the Property Council of Australia, Green Building Council of Australia, Better Buildings Partnership, United Nations Principles of Responsible Investment, CDP, Investor Group on Climate Change, Cleaning Accountability Framework, Committee for Sydney, Committee for Perth, Victorian Employer Chamber, Shopping Centre Council of Australia, Urban Land Institute, and the Asia-Pacific Real Estate Association.

Market volatility

GRI 103: Management Approach 2016 103-1 Explanation of the material topic and its boundary

Material issues - PP pg 2

Customers and community DMA

 
103-2 The management approach and its components

Customers and community DMA

Market outlook

Future enabled customers - PP pg 15

 
103-3 Evaluation of the management approach

Customers and community DMA

Property portfolio - AR pg 10

Market outlook

Future enabled customers - PP pg 15