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 2030, 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 - FY20 Performance

50.1%

Reduction in group office emissions intensity since FY08

>164m

Saved through enhanced portfolio energy efficiency since FY08

1,053,157

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 FY21 and beyond include:

  • Source at least 70% of electricity from on-site and off-site renewable sources across the group's managed portfolio by FY25 consistent with our RE100 commitment to 100% renewable  energy by 2030

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

Dexus is continuing its trajectory to net zero emissions across the group’s managed portfolio by 2030. 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


Capturing the sun at Willows Shopping Centre


In May 2020, Dexus completed one of Australia’s largest car park solar projects at Willows Shopping Centre in Townsville

(owned by Dexus Wholesale Property Fund and managed by Dexus). The project includes 4,800 solar PV panels that will generate approximately 2,500 MWh per annum, equivalent to the usage of 370 Queensland households.

Read more about renewable energy at Willows

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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