Dexus achieves global top rankings for sustainability performance
Dexus has capped off the year being recognised as a global industry leader in sustainability, achieving top rankings in the GRESB and DJSI benchmarks and being recognised as a climate leader, retaining its position on the CDP Climate A List.
GRESB is the international benchmark for environmental, social and governance (ESG) performance of real assets and has become the de-facto standard used by real estate investors to monitor their investments and understand performance across ESG factors. Three Dexus entities achieved leadership rankings:
- Dexus Office Trust was named the Global Sector Leader for listed office entities, reinforcing how our high-quality portfolio contributes to sustainable buildings across Australia’s key cities
- Dexus Wholesale Property Fund (DWPF) retained its ranking as the Regional Sector Leader for diversified office/retail entities in Oceania. This recognition aligns with DWPF’s strategic objective to maintain ESG leadership
- Healthcare Wholesale Property Fund (HWPF), which participated for the first time, was named as a Global Development Sector Leader for healthcare entities and ranked 4th globally amongst healthcare sector funds, demonstrating the success achieved in reducing the fund’s carbon emission impacts
Dexus has been recognised as the most sustainable real estate company in the world for the second consecutive year, outperforming 247 real estate peers to achieve Global Industry Leader status. Dexus scored 89/100 in the 2020 assessment, well above the industry average of 30/100, which ensured Dexus retained a place on the coveted DJSI World index.
DJSI is one of the longest standing ESG indices, based on a corporate sustainability assessment that evaluates the practices of companies worldwide and identifies those that are best positioned to address sustainability challenges and opportunities into the future.
Dexus retained its position on the CDP Climate A List in 2020, recognising the group’s ongoing efforts in addressing climate change and its impacts. Dexus was one of three Australian companies, and one of only two Australian property companies, to be included on the CDP Climate A List for 2020, with over 9,600 companies participating in the CDP Climate Change disclosure in 2020.
CDP is an investor-led disclosure framework which is the gold standard of environmental reporting. It assesses companies’ strategies to address the impacts of climate change and their progress towards reducing carbon emissions.
Commenting on these achievements, Deborah Coakley, Executive General Manager, Funds Management said: “We are proud to have been recognised as a global leader in both the GRESB and DJSI rankings, as well as a climate change leader by CDP. Sustainability is an integral part of our business and how we create value for our investors, customers and communities.
“Dexus’s science-based emissions reduction target, combined with our continued focus on collaborating with our customers to improve sustainability performance, all contributed to our results this year.
“We have consistently delivered on our ambitious sustainability targets and these rankings demonstrate the effective integration of ESG priorities across our business operations. This is recognition of the hard work of our people to generate long-term value for Dexus and our capital partners.”
To find out more about how Dexus funds are delivering on their sustainability commitments, read our 2020 Sustainability report here.
Investor Relations Manager