Enriched Environment

An efficient and resilient portfolio that minimises our environmental footprint and is positioned to thrive in a climate-affected future.

Our capacity to create value depends on efficient use of natural resources and resilience to climate change.

Buildings account for nearly one-quarter of Australia’s greenhouse gas emissions, which provides an opportunity for energy efficiency initiatives to lower our carbon footprint and reduce operating costs. We also actively manage water and waste through building optimisation, and customer engagement and awareness programs.  

We recognise the risks and opportunities that climate change presents for our business. We are focused on understanding, preparing for, and responding to increased frequency and severity of extreme weather, which can cause damage to our buildings and disrupt the communities where we operate. Focusing on climate resilience can enhance the value of our portfolio, both for our investors and for our customers who rely our spaces every day for their business success.   

We have committed to achieve net zero emissions by 2022, an ambition that has been verified as in line with the effort required to limit global temperature increases to below 1.5°C. Our focus on emissions reductions help futureproof our operations from risks associated with future carbon pricing, and demonstrate that emissions reductions need not come at the expense of business success.

Adding value for our Enriched Environment - FY21 Performance


Reduction in group office emissions intensity since FY08


Saved through enhanced portfolio energy efficiency since FY08


Square metres of office space rated 5 star NABERS Energy or above

Future focus for our Enriched Environment


Priorities guiding our focus on environmental performance in FY22 and beyond include:

  • Achieve net zero emissions across the group-managed portfolio by 30 June 2022

  • Source at least 70% of electricity from on-site and off-site renewable sources across the group’s managed portfolio by FY25

  • Deliver an average 5 star NABERS Indoor Environment rating across the group office portfolio by FY25, delivering initiatives to enhance occupant health and wellbeing

  • Reduce energy intensity by 10% across the managed office portfolio by FY25 against a 2019 base line

  • Reduce water intensity by 10% across the managed office portfolio by FY25 against a 2019 baseline

  • Achieve an average 4 star NABERS waste rating by FY25 across the group office portfolio

We have brought forward our target to achieve net zero emissions across the group’s managed portfolio to 30 June 2022, advancing our original 2030 goal by eight years. Our net zero ambition will be achieved through enhanced energy efficiency and increasing the use of renewable energy. As a signatory to RE100, we are committed to source 100% renewable energy by 2030. To support our trajectory to net zero emissions and 100% renewable energy by 2030, we have established an interim target to achieve 70% electricity use by 2025.

We continue to expand our understanding of the risks and opportunities presented by climate change, and have disclosed our approach to climate-related issues in accordance with the Task Force on Climate-related Financial Disclosures (see our Annual Reporting Suite).  Our Towards Climate Resilience report, released in 2020, indicates how we will address climate-related issues to account for the range of possibilities that the next decade may present.


Read more about Enriched Environment performance

Bushfires test portfolio resilience

During the summer of 2019-20, Australia experienced bushfires across Queensland, New South Wales, Victoria, and the Australian Capital Territory.  On days of poor outdoor air quality caused by the bushfires, Dexus tested the indoor air quality (IAQ) at select properties to evaluate the effectiveness of air filtration systems and management practices. 

Read more about how we support indoor air quality across our portfolio

Our sustainability approach

Our sustainability performance

Sustainability reporting library

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