Targets
Status
100% of new developments and redevelopments to conduct biodiversity assessments
Maintain >70% of our horticulture investment sum in planting native flora
Establishing a resilient natural environment for our future generations is important. We regularly assess nature-related risks and opportunities to minimise adverse biodiversity impact and contribute positively, where feasible, in any locations where our business operates.
Biodiversity brings direct and indirect benefits to our business through the provision of natural resources, such as food, water, fuel, and natural fibres, as well as absorption of pollution and waste.
All of our properties are in urban locations, and none are in or adjacent to protected areas with high biodiversity value. Nevertheless, we remain mindful that the physical footprint of our assets can have both negative and positive impacts on biodiversity at different stages of investment and asset life cycles. We strive to minimise negative impact and deliver positive biodiversity outcomes during acquisition; planning, design, and construction; operation and maintenance; and fit-out and renovation of our properties.
100% of new developments and redevelopments to conduct biodiversity assessments
Maintain >70% of our horticulture investment sum in planting native flora
Achieved
On Track
Lagging Behind
Not Commenced
We consider risks and opportunities specific to biodiversity conservation in investment decision making in accordance with our Biodiversity Policy and Responsible Investment Policy.
We conduct ecological impact assessments for development and redevelopment projects. In our planning, we consider the use of sustainable materials for development and redevelopment projects.
We prioritise the sustainable use of natural resources to minimise adverse biodiversity impact during operations. We also partner with local community parties and environmental groups to draw on their expertise for improving local biodiversity and support relevant programmes in/adjacent to areas where our assets are located.
We leverage our assets to bring positive value to biodiversity and ecosystems where feasible, in conjunction with placemaking and well-being initiatives, such as: