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Sustainability and climate-related disclosure reporting
When it comes to environmental, social and governance (ESG), the context in which Centuria operates is evolving rapidly. In FY24, we continued to make progress in understanding our ESG impacts, and worked to further incorporate increasingly sustainability-related factors into our business practices across our operations.
To this end, during the year we revised our sustainability framework, consolidating and clarifying our material ESG topics. We believe this refresh strengthens our ability to focus on areas where we can drive the greatest positive change. We also continued to focus on mental health initiatives that are conducive to positive employee health and wellbeing through workshops, meditation sessions, and introducing a new Employee Assistance Program (EAP) provider, Sonder, which is available across Australia and New Zealand.
Below are key highlights we achieved during FY24.
| Conscious of climate change | Valued stakeholders | Responsible business practices |
|---|---|---|
| Centuria New Zealand released its first climate-related disclosure | 450 hours volunteered in Australia and New Zealand and over $112,000 raised for community groups6 | Over 9,000 training courses completed by all Centuria employees across cybersecurity, compliance competencies, risk and safety |
| Targeting no gas and diesel in operations where practicable by 20351: Commenced electrification across c.50,000 sqm of COF NLA | 89% of Centurians surveyed recommend Centuria as a great place to work | FY24 Centuria sustainability report expected to be released by November 2024 |
| Targeting zero scope 2 GHG emissions by 20352: In FY24, Centuria’s Australian corporate offices sourced the equivalent of 100% renewable energy3 | 43% female representation on CNI Board (up from 29% in FY23) & 45% female staff | |
| c.1,125kW solar installed during FY244 during FY24 increasing total installed capacity to c.9,600 kW5 |
Mental health, medical and safety support platform implemented for all AU & NZ staff and their families | |
| New agreement with Two Good developed to use soap products in select assets: Two Good is a social enterprise that employs and empowers vulnerable women |
- Centuria Capital Group will focus on eliminating gas and diesel where practicable, from equipment owned and operated by the Group. Gas and diesel equipment owned and operated by our tenants is excluded from Centuria’s sustainability target
- Centuria Capital Group will account for zero Scope 2 emissions by being powered by the equivalent of 100% renewable electricity through a combination of on-site solar and large-scale generation certificate deals which match our consumption
- Centuria purchased and retired large scale generation certificates matched to our corporate office electricity consumption in FY24
- Total solar capacity installed across assets from CIP, COF and Unlisted funds. This number excludes solar installed by our tenants and divestments in FY24 which had onsite solar
- Approximately 9,600 kW of solar is installed across assets in COF, CIP and Unlisted Funds, excluding solar installations by our tenants
- Corporate donations and employee fundraising directed to not-for-profits from Australian and New Zealand activities, including Centuria Bass
Centuria has voluntarily complied with certain aspects of the recently finalised Sustainability Reporting Standards (AASB S2) ahead of the mandatory reporting deadline by releasing a FY24 climate-related disclosure report. These disclosures are based on Centuria’s assessment of climate-related risks and opportunities against three future possible long-term climate scenarios. The report complements Centuria NZ releasing its first mandatory climate-related disclosures in July 2024.
Our 2024 Sustainability Report and Climate-related Disclosure Report were published in late October.