Decarbonisation sits at the centre of how we protect and create value for our investors and customers. Our Climate Transition Action Plan sets a clear pathway to Absolute Zero Scope 1 and 2 emissions with minimal offsets across our managed portfolio by 2040, supported by practical programs to reduce emissions tailored for our assets and sectors. 

We have maintained net zero Scope 1 and 2 emissions across our managed portfolio since FY22 through a combination of energy efficiency improvements, renewable electricity procurement and renewable energy certificates, including a 60% reduction in energy intensity across the Platform since FY08.

In FY26, we expanded our decarbonisation roadmap program, with roadmaps now developed for 30 assets across office, retail and healthcare. These roadmaps provide asset-level assessments of energy efficiency and electrification opportunities, with prioritised initiatives implemented through asset planning cycles.

Electrification is a structural focus, and we look to address fossil fuel use in our buildings by replacing gas-based systems as they reach end-of-life. This year, we completed detailed electrification designs for our retail QV Melbourne site and scoped tender-ready electrification works at 1 Bligh Street, 1 Farrer Place, Gateway, and 25 Martin Place in Sydney, 480 Queen Street, Brisbane and 80 Collins Street, Melbourne.

We have also scaled on-site renewables further, with total installed solar and storage capacity across the Platform now at over 14 MW, reinforcing our long-term pathway to Absolute Zero.