Overview

The scale, domestic scope and relatively passive nature of our operations mean that our impacts on the environment and society are relatively minor in local, national and global contexts.

BWP owns 82 properties, all in Australia, comprising land and warehouse-style improvements leased to third parties for use primarily for home improvement retailing. BWP does not typically engage in development work (other than capital expenditure related to the repositioning of a property where a vacancy has occurred), generally acquiring established properties or developments that pass to the Trust on completion.

BWP acknowledges climate change and biodiversity loss as risks that may have an impact on the properties it owns, the businesses that operate from them, the communities that the Group operates in, and its financial performance. BWP is committed to actively participating in the transition to a low-carbon economy,
to understanding the impacts of its assets on biodiversity and to addressing the risk of modern slavery in its business, supply chains and investments.

With stakeholders’ interest in disclosure in mind, we aim to disclose information relating to key aspects of ESG to demonstrate the Trust’s ESG impacts and risks and our performance in managing these impacts and risks. We consider that key aspects are those areas where ESG impacts and risks are material to our operations or are significantly important to stakeholders in their decision making processes to warrant disclosure. On this basis, our primary focus remains on the environment, particularly climate change. We also address relevant social and governance aspects.

82	Properties, all in Australia
260.7 ha	Total land area
$3,936.6m	Portfolio value (as at 30 June 2024)
41	Solar power generation is installed at 41 properties owned by the Group.  BWP solar installations (excluding Bunnings Warehouses) helped tenants reduce their emissions by 794 tonnes of CO2e.
78%	78 per cent of properties have water tanks in place for the recycling of roof-collected rainwater. The decrease from the 96% the prior year is attributed to newly acquired properties where water tanks are not installed, or where the presence of a water tank has not yet been confirmed.
Net-Zero	396 tonnes of CO2e generated for the year ended 30 June 2024 of which 335 tonnes are attributable to the 12 month contribution from acquisitions completed in the year, but have only been within the Group’s control for part of the reporting year. When adjusted for the acquisition of properties and construction activity at one property, the Scope 2 emissions of the Group increased 7.1 per cent from 2023. This increase can be attributed to changes in the lighting practices at some properties, where adjustments were required to meet the changing safety requirements of tenants, and lighting practices at vacant properties. The Group surrendered 450 ACCUs to offset the 396 tonnes of CO2e.
36%/64%	The current gender make-up of the team is 36 per cent female and 64 per cent male.

All information is as at 30 June 2024 unless otherwise indicated. All areas are approximate.