While we remain clear about our purpose – to make space for greatness – our approach to achieving this goal in a changing world is adaptable.
We finance ourselves with sustainable capital and maintain low debt levels to allow us to stay active during different market cycles. We value the trust of our stakeholders and the chance to make a difference in the communities we operate in.
To remain accountable and focus on continuous improvement, for the past eight years Goodman has participated in GRESB, the leading ESG survey for the real estate sector. Our ESG performance is analysed and scored, providing detailed insights for investors.
- Sustainable operations and results
- ESG Governance
- Responsible investment
- Environmental stewardship
- Sustainable capital structure
- Stakeholder and Stakeholder and community engagement
- Balanced timely disclosures
Retain investment grade credit rating
Continued to meet financial targets to underpin capital sources and retain credit rating
Credit rating maintained at BBB+ (S&P) and Baa1 (Moody’s)
Task Force on Climate-Related Financial Disclosures (TCFD) compliance by 2022
Committed to adopting the TCFD framework
The Risk and Compliance Committee to oversee TCFD compliance
4 Star GRESB rating average
Strong GRESB survey results, including:
- Goodman Group rated first in our peer group (developer, industrial) achieving 5 star Green Star status and an A for public disclosure
- Goodman Japan Core Partnerships awarded ‘Sector Leader’ for the second year in a row – improving its previous score by 15%
- Three of the eight participating entities achieved GRESB’s top rating of 5 Green Stars
$50M in social investment by Goodman Foundation by 2030
$5.7m contributed to community and philanthropic causes
13,140 hours of employee time logged in volunteering and participation in charitable fund-raising events
See the Foundation section for more information.
Addressing climate risk
Goodman supports the Paris Agreement goal of reducing global carbon emissions and limiting the average temperature rise to below 2 degrees Celsius. At the same time, Goodman acknowledges it is exposed to a range of climates and extreme weather events across its operating regions. We have adopted the framework recommended by the Task Force on Climate-Related Financial Disclosures (TCFD) and our board-appointed Risk and Compliance Committee will oversee the necessary analysis and disclosure.
This year, in response to the projected impacts of climate change, we developed a climate risk management programme. This programme will involve extensive work in key regions to understand our physical risks, including an assessment of climate exposure across Goodman’s Australian portfolio.