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.

The Trust owns 74 properties, all in Australia, comprising land and warehouse-style improvements leased to third parties for use primarily for home improvement retailing. The Trust 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.

We recognise, however, the interest in sustainability by stakeholders (investors, tenants, suppliers, regulators and the broader community) and their right to understand how and to what extent our business affects them, directly and indirectly, positively and negatively. We also recognise that even modest impacts, taken collectively and over time, can have a meaningful effect on the environment and society. We can also help by promoting a focus on sustainability and contributing to developing better ways to measure and monitor sustainability performance.

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.

74	Properties, all in Australia
238.7 ha	Total land area
$2,916.7m	Portfolio value (as at 31 December 2021)
96%	Trust owned stores with LED lighting in one or more of the car park, nursery trading area, canopy trading area, or in the main store
23	Solar Power installations complete
96%	Trust-owned stores have in place water tanks for the recycling of roof collected rainwater
Net-Zero progress	177 tonnes of residual CO2 emissions to be offset by the purchase of Australian Carbon Credit Units (ACCUs) 268.4 tonnes of CO2 emissions avoided as a result of our solar generation across the portfolio
43%/57%	The current gender make-up of the team is 43 per cent female and 57 per cent male.

All information is as at 30 June 2021 unless otherwise indicated. All areas are approximate.