We refine our approach by measuring, reducing, and eliminating negative environmental impacts in alignment with our operational procedures and scientific data. When impacts are unavoidable, we adopt a restorative approach to offset them, maximising both social and environmental co-benefits. Our policy objectives are informed by the targets and goals of the Paris Agreement, the United Nations Global Compact (UNGC) and industry-relevant targets.
The purpose of our environmental policy suite is to create resilient assets that enhance both financial performance and environmental outcomes. Key policies in the suite include:
Climate Change: GPT aims to decarbonise and be resilient to the impacts of climate change.
Energy: GPT aims to drive energy efficiency and shift to renewables, while supporting a resilient transition to a low carbon future.
Materials and Resource Circularity: GPT aims to procure, use and recover materials in a closed-loop, circular manner.
Biodiversity: GPT aims to have a net positive impact on biodiversity and to be resilient to nature-related risks.
Water: GPT aims to be water neutral and resilient to water-related risks to our business.
Highlights
GPT is a leading Australian commercial property owner having both operational buildings and new developments certified against the carbon neutral standards.
Climate
94%
Emissions intensity reduction (net Scopes 1 & 2) since 20051
$1.2b
GPT and GWOF combined issued over $1.2 billion of sustainable debt by end 2024
100%
Of GPT operational assets reviewed for climate vulnerability (not including assets held for development)
11.2MW
Of installed solar PV capacity on GPT-owned assets
53%
Energy intensity reduction since 20051
100%
Of GPT’s owned and managed Office and Retail assets are carbon neutral certified (not including assets held for development)
Nature
306ha
Of native trees planted via GPT’s ‘Restoring Country for Climate’ partnership since 2022
54.3ha
Cleared in accordance with approved developments
100%
Of GPT’s assets reviewed for biodiversity, stormwater and heritage interfaces
21%
Of GPT assets assessed for green space biodiversity values since 2022
35%
Closed loop recycling in 2024
56%
Water intensity reduction since 20051
See further highlights in each policy area.
1. Measured against GPT’s 2005 baseline as at 31 December 2024. Detailed data and breakdowns are available in GPT’s sustainability data dashboard.
