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Sustainability

We aim to be leaders in environmental social governance. We have a long-term, people-focussed, sustainable approach that leads to positive outcomes for our business, our stakeholders and the world more broadly.

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2021 was the year that Goodman achieved carbon neutrality for our global operations, four years ahead of our 2025 target. Obtaining certification as a Carbon Neutral Organisation under the Climate Active scheme, required a commitment from all our regions and established a benchmark from which to implement profound action on climate change. Read about this and other sustainability initiatives in our 2021 Sustainability Report. 

Goodman sustainability strategy
Our 2030 Sustainability Strategy is structured around three pillars. These are linked to a set of material issues, with each pillar backed by short and long-term environmental, social and governance targets.
Property View targets
People and culture View targets
Corporate performance View targets

Group sustainability approach

We view sustainability as an approach that leads to positive economic, environmental and social outcomes for our business, our stakeholders and the world more broadly.

Our approach is based on addressing a range of material ESG issues and embedding specific programmes and targets across our global operations. Our approach aims to: 

  • Define Goodman’s ESG policy and the sustainability commitments from our Board  
  • Support Goodman’s long-term business strategy while responding to global challenges such the UN Sustainable Development Goal’s 
  • Seek alignment between our sustainability priorities of those of our customers and capital Partners
  • Ensure timely and effective ESG-related disclosures valued by the investment sector
  • Engage with our people and supply chain to encourage sustainable environmental and social outcomes

View sustainability reports

UN Sustainable Development Goals

The UN Sustainable Development Goals (SDGs) address the world’s most significant challenges such as poverty, the planet, gender equality, clean water and climate change.

We have identified nine of the 17 SDGs as most relevant to our business.

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Addressing climate risk

Goodman supports the Paris Agreement goal to reduce global carbon emissions to limit the average temperature rise to below two degrees celsius. In doing so, Goodman’s Board has committed to addressing climate risk at the highest level of the organisation, gain a better understanding of potential risks and identify meaningful actions. This includes a commitment to climate-related disclosures aligned with the TCFD guidelines.

Our approach to managing climate risks will be incorporated into Goodman’s risk management framework and our responses will be based on long-term outcomes. These include our commitments to using renewable energy, onsite energy solutions and carbon neutral operations.

View Goodman's climate disclosure statement (TCFD).

Building resilience and adaptation

Goodman has implemented initiatives across its investment, funds management, development and property management operations to improve the resilience of its developments. These include enhancements to our designs, investment locations, energy options and property management initiatives. Goodman’s standard development specifications include sustainable design initiatives such as:

LED lighting

LED lighting

Warehouse design

Flexible warehouse design

Landscaping

Drought-tolerant native landscaping

Rain harvesting

Rainwater harvesting

Global supply chain ethics

Goodman is committed to good business ethics and the protection of human rights across its supply chain. Our supply chain consists of small, medium and large-scale suppliers who we partner with to help deliver our property development, property management and funds management activities.

We want our supply chain free of any form of modern slavery, including human trafficking, child labour or human rights abuses. Goodman will not knowingly engage in these practices, or partner with any supplier who engages in these practices and, has begun to gather more information on where it may
be present.

 

Global Real Estate Sustainability benchmark

The Global Real Estate Sustainability Benchmark (GRESB) is a world leading sustainability assessment for commercial real estate.
Goodman has been an active participant in GRESB since 2012, during which time we have continually improved our scores and increased the number of Goodman’s participating entities.

In FY21, our Japanese Partnership and UK Partnership were awarded Sector Leader in the Global Real Estate Benchmark (GRESB) in the industrial distribution warehouse category. Goodman Australia Industrial Partnership was ranked second in its peer group.