Material topic disclosure - Sustained value

GRI standard  Disclosure Reference                    Remarks/Omissions

Financial performance

GRI 103: Management approach 2016
103-1 Explanation of the material topic and its Boundary

Material issues - PP p3

Boundaries and Independent Assurance - p5

 

103-2 The management approach and its components

Our Strategy - AR p4

Operating and Financial Review - AR p43

Delivering on FY18 commitments - AR online

FY19 commitments - AR online

 

103-3 Evaluation of the management approach

FY18 highlights - AR p1

Performance against strategy - AR p6

Operating and Financial Review - Review of operations - AR p43

Operating and Financial Review - Dexus Performance - AR p45

Delivering on FY18 commitments - AR online

 
GRI 201: Economic performance 2016

201-1 Direct economic value generated and distributed

Performance against strategy - AR p6

FY18 highlights - AR p1

Financial Report - AR p58-100

Remuneration Report - AR p28-40

Thriving people - PP p43

Strong communities - PP p27

 

201-2 Financial implications and other risks and opportunities due to climate change

Operating and Financial Review - Risks and megatrends - AR p51

CDP Report 2018 - Module: Risks and Opportunities p9

Environment DMA - p49-62

Enriched Environment - Climate-related financial risks - PP p50

 

201-3 Defined benefit plan obligations and other retirement plans

 

Dexus does not operate a defined benefit superannuation scheme. Consistent with Australian legislation, superannuation contributions are made to superannuation funds selected by employees.

Dexus contributes retirement provisions in line with Australia's employer superannuation guarantee requirements. In FY18 Dexus provided superannuation contributions at the legislated contribution rate of 9.5%, unless elected at a higher rate by an employee as part of a voluntary contribution.

201-4 Financial assistance received from government  

 

During FY18 Dexus received $356,095 in Energy Savings Certificates (ESCs) through participation in the NSW Energy Savings Scheme (ESS) for improvements in base building energy efficiency.

The NSW government scheme is administered by the NSW Independent Pricing and Regulatory Tribunal. The funds received derive from claims submitted under the ESS following portfolio-wide technology and control upgrades implemented within Dexus's NABERS Improvement Program. ESCs are earned for each demonstrated tonne of carbon dioxide saved.

Transparency

GRI 103: Management approach 2016

103-1 Explanation of the material topic and its boundary

Material issues - PP p3

Boundaries and Independent Assurance - p5

Principle 5 - Make timely and balanced disclosure - CGS p14

 
 

103-2 The management approach and its components

Principle 5 - Make timely and balanced disclosure - CGS p14

Governance DMA - p37

Investor information - AR p108

 
103-3 Evaluation of the management approach

Principle 5 - Make timely and balanced disclosure - CGS p14

Governance DMA - 9. Evaluation and process improvement - p48

Investor information - AR p108

 
GRI 102: Ethics and integrity (general disclosures comprehensive) 2016

102-17 Mechanisms for advice and concerns about ethics

Principle 3 - Act Ethically and Responsibly - CGS p12

Principle 4 - Safeguard Integrity and Corporate Reporting - CGS p13

Principle 7 - Recognise and Manage Risk - CGS p16

Governance DMA - p37

Whistleblower policy

 
GRI 102: Governance (general disclosure comprehensive) 2016

102-25 Conflicts of interest

Board policies

Corporate policies

Directors' Report - Directors' directorships in other listed entities- AR p55

Principle 2 - Structure the Board to add value - CGS p6

Principle 3 - Act Ethically and Responsibly - CGS p12

Dexus has strict policies which address conflicts of interest including: Director Code of Conduct; Employee Code of Conduct; Conflicts of Interest Policy; Securities Trading Policy (including Inside Information); and Gifts and Entertainment. Potential conflicts and related party transactions are overseen by the Compliance Manager and are reported on a regular basis to the Board.
GRI 205: Anti-corruption 2016

205-1 Operations assessed for risks related to corruption

Principle 7 - Recognise and Manage Risk - 7.2 Risk management - CGS p16

Operating and Financial Review - Risks and megatrends - AR p51

Each year Dexus completes a review of its risk management framework that encompasses 100% of employees across all 17 business units. Risk management policies, procedures and governance committee structure were reviewed to ensure continuous improvement and to minimise the risk of ethical or corruption breaches.

The review process involves the facilitation of risk workshops with senior management to review and update the risk register. Dexus has an anti-bribery policy that outlines its commitment to ethical behaviour. 

205-2 Communication and training about anti-corruption policies and procedures

Directors' Code of Conduct

Principle 2 - Structure the Board to add value - 2.7 Access to training and information - CGS p6

Principle 3 - Act Ethically and Responsibly - CGS p12

Principle 7 - Recognise and Manage Risk - 7.2 Risk management - CGS p16

100%. Employees are required to declare their compliance with Dexus's Code of Conduct on an annual basis. Anti-corruption policies and procedures are included as part of this compliance. Compliance training is compulsory for every employee.

Dexus board members are required to adhere to the Directors' Code of Conduct. Directors must comply with the legal framework governing the operations of Dexus which includes Anti-corruption policies and procedures.

Dexus conducts annual risk and sustainability roadshows with our key business partner CBRE nationally.

205-3 Confirmed incidents of corruption and actions taken

Dexus recorded no incidents of corruption in FY18, therefore there are no actions to disclose.
GRI 206: Anti-competitive behaviour 2016

206-1 Legal actions for anti-competitive behaviour, anti-trust and monopoly practices

  There were no legal actions brought against Dexus for anti-competitive, anti-trust or monopoly practices in FY18.
GRI 307: Environmental Compliance 2016 307-1 Non-compliance with environmental laws and regulations   In FY18, Dexus recorded no incidents of non-compliance with environmental laws and/or regulations. Dexus did not receive and fines or non-monetary sanctions and had no legal cases concerning environmental issues brought against it.
GRI 415: Public Policy 2016 415-1 Political contributions

Anti-Bribery Policy - 2. Donations - p 1

CDP Report 2018 - C12.3c - p78-79

Memberships with industry associations

Dexus does not give any contributions - financial or in-kind - to political parties or politicians.

During FY18 Dexus contributed $304,055 to trade associations for memberships and event sponsorships. Dexus's alignment towards trade associations views on key sustainability topics is detailed within the 2018 Dexus CDP Report, page 78-79 - C12.3c.

Dexus is a member of various industry associations that promote best practice, advocate for policy reforms or otherwise enhance the property sector or geographical markets in which we operate. These organisations include the Property Council of Australia, Green Building Council of Australia, Better Buildings Partnership, United Nations Principles of Responsible Investment, CDP, Investor Group on Climate Change, Cleaning Accountability Framework, Committee for Sydney, Committee for Perth, Victorian Employer Chamber, Shopping Centre Council of Australia, Urban Land Institute, and the Asia-Pacific Real Estate Association.

Market volatility

GRI 103: Management Approach 2016 103-1 Explanation of the material topic and its boundary

Material issues - PP p3

Boundaries and Independent Assurance - p5

Customers and community DMA - p3

 
103-2 The management approach and its components

Customers and community DMA - p3

Performance against strategy - AR p6

Property portfolio - AR p12

Market outlook - AR online

Leading cities - PP p13

Future enabled customers - PP p20

 
103-3 Evaluation of the management approach

Customers and community DMA - 7. Evaluation and process improvement - p11

Performance against strategy - AR p6

Property portfolio - AR p12

Market outlook - AR online

Leading cities - PP p13

Future enabled customers - PP p20