Nishi Building

Sustainability

Centuria is committed to the development and implementation of environmental and social sustainability practices across its portfolio, while adhering to best practice corporate governance.

Sustainable practices and principles are vital within the communities and markets Centuria operates. We are dedicated to improving the environmental and social outcomes across our operations.

Centuria developed a pragmatic and achievable sustainability framework that guides our investment decisions, asset management and stakeholder relations for the betterment of the communities and markets we operate within. Our new Sustainability Framework aligns our approach to sustainability under three areas of focus.

Sustainability Framework

Centuria’s Sustainability Framework identifies the material topics the Group will focus on to create value for our tenants, investors, employees, suppliers and the communities in which we operate. Centuria’s listed REITs (ASX:COF, ASX:CIP and NZX:APL), unlisted funds and growing development pipeline are guided by this Framework to develop a practical approach for each topic.

Centuria is committed to being transparent and practical when developing initiatives for each topic under this Framework, acknowledging some parts of the Group will require time to engage our valued stakeholders before initiating change.

Three areas of focus make up Centuria’s Sustainability Framework, they are “Valued Stakeholders”, “Conscious of Climate Change” and “Responsible Business Principles” each with an aligned response to address the material topics identified.

VALUED STAKEHOLDERS
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Valued Stakeholders

For Centuria, a valued stakeholder is one we seek to assist in the creation of long-term shared value. We define our stakeholders as our customers (tenants), investors (individual and institutional), suppliers, industry bodies, communities in which we operate and our employees.

We create shared valued with our stakeholders by seeking to understand how Centuria as an asset and funds manager can contribute to their success. We do this through our active engagement programmes, investing in social infrastructure and partnering with chosen community-based organisations. Learn more about our social initiatives.

Priorities under this area of focus are:

  • Customer Focused: Engaging our customers to create mutual shared value
  • Community Focused: Investing in our community with a focus on critical social infrastructure such as healthcare and social housing
  • Diverse, Inclusive and Healthy Workplaces: Promoting a diverse and inclusive workplace, where the health and wellbeing of each individual is priortised.

Highlights

91%1
of Tenants would recommend Centuria as an asset manager
$140,0002
raised for our long-term community partner St Lucy
94%1
of employees enjoy working at Centuria

1. As part of Centuria FY21 survey
2. During FY21 fundraising efforts

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Conscious of Climate Change

Climate change is increasingly impacting the way we do business and the livelihoods of the communities in which we operate. Increasing severity in weather patterns and the movement of capital towards climate resilient opportunities requires a proactive and positive response.

Centuria is exploring opportunities to reduce greenhouse emissions where possible and starting to understand how our business can become more resilient to the impacts of climate change. Each division of our real estate platform and their respective stakeholders will require a practical and collaborative response. Centuria supports the TCFD recommendations with an aligned disclosure found in our Sustainability Report. Learn more about our environmental initiatives.

Priorities under this area of focus are:

  • Climate Action: Action to reduce greenhouse emissions, including efforts to improve energy efficiency and the use of renewable energy across our operations where we are able to control and influence outcomes
  • Climate Resilience: Understanding the risk climate change presents to our operations and improving climate resiliency where practical.

Highlights

Support
the recommendations of the TCFD, with our first aligned disclosure published
>6,000
solar panels installed across assets within the Group
4.7 ☆2
NABERS Energy Sustainability Portfolio Index (ASX:COF)

1. Onsite solar generation is estimated to avoid 7,000 tonnes of carbon being released in FY21
2. ASX:COF improved it’s NABERS FY21 Energy SPI rating, up from 4.5 in FY20

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Responsible Business Principles

Centuria is committed to honest, transparent, and responsible business practices. We do this by investing in our processes and people, equipping the Group to act responsible and with the best interest of our stakeholders.

Our Values and Capabilities and Corporate Governance approach support the Groups effort under this area of focus. Learn more about our Corporate Governance.

Priorities under this area of focus are:

  • Values and Capabilities: Upholding our values and providing development opportunities to maximise our capabilities
  • Transparent and Accountable: Maintaining policies and procedures aimed at promoting the highest ethical conduct
  • Responsible Investment: Valuing ESG as part of investment and procurement practices.

Highlights

4
new independent directors appointed*
100%1,2,3 
completion rate for staff training

* Kristie Brown (ASX:CNI), Nicole Green (ASX:COF), Jennifer Cook (ASX:CIP) and Natalie Collins (ASX:CIP)

  1. All employees are required to complete training within 3 months of commencing
  2. Cyber security training is provided to all staff throughout multiple points in the year, covering a wide range of topics and responding to emerging cyber threats
  3. Code of Conduct, Cyber Security, Breach Reporting and Dispute Resolution training

 


Governance

Governance

The Group’s approach to Sustainability is overseen by Centuria Capital (ASX:CNI), its Board, Committees and Executive Management team. Our listed Centuria Office REIT (ASX:COF) and Centuria Industrial REIT (ASX:CIP) benefit from the Group's approach to Sustainability, sharing the governance oversight provided by Centuria Capital Group (ASX:CNI).

Case studies

01.06.2018

Clean energy partnership expands Centuria Healthcare’s corporate social responsibility platform

Centuria Healthcare has partnered with renewable energy operator Solar Bay to deploy solar energy across its healthcare property portfolio.

You are now leaving Centuria Australia
and entering Centuria New Zealand.

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