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.
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.
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.
Our sustainability approach
Our sustainability performance
Sustainability reporting library