For personal use only
Abacus
Property
Group
Sustainability Report 2021
onlyWe believe that integrating sustainability useinto our investment decision-making
and business operations is congruent with the responsibility we have to our stakeholders and critical to us achieving
personalour long-term commercial goals. Our intention is to deliver sustainable, long-term value and we are focused on making ongoing improvements across the Abacus Group.
We have set strong sustainability Forcommitments across a range of
functions in order to meet this objective.
About this report
This annual Sustainability Report for the year ended
30 June 2021 forms part of Abacus Property Group's FY21 reporting suite. This Report covers Abacus' Australian and New Zealand operations This Report has been prepared in accordance with the Global Reporting Initiative's (GRI) Standards: Core option.
For questions and comments on our sustainability performance, contact enquiries@abacusproperty.com.au
Steven Sewell,
Managing Director
ABACUS PROPERTY GROUP | SUSTAINABILITY REPORT 2021
0 2 - 0 3
EMPLOYEE ENGAGEMENT | |||||||||||||||||||
AND MOTIVATION | |||||||||||||||||||
Contents | COUPLED WITH CHANGING | 49 Key Achievements in FY21 | |||||||||||||||||
50 FY21 Performance | |||||||||||||||||||
only | CUSTOMER ATTRACTION, | 50 Why is this important? | GLOSSARY | ||||||||||||||||
SATISFACTION AND RETENTION, | 50 Our approach to managing | ||||||||||||||||||
EXPECTATIONS | 55 FY21 Priorities and Achievements | ||||||||||||||||||
24 Key Achievements in FY21 | |||||||||||||||||||
24 Why is this important? | |||||||||||||||||||
MANAGING | 24 Our approach to managing | ||||||||||||||||||
DIRECTOR'S | 26 Business impact from COVID-19 | ||||||||||||||||||
MESSAGE | 27 FY21 Performance | CLIMATE-RELATED RISKS | FINANCIAL PERFORMANCE | ||||||||||||||||
29 FY21 Priorities and Achievements | AND OPPORTUNITIES | 56 Key Achievements in FY21 | |||||||||||||||||
use | ABOUT US | ||||||||||||||||||
38 Key Achievements in FY21 | 56 Why is this important? | ||||||||||||||||||
38 Why is this important? | 56 Our approach to managing | ||||||||||||||||||
38 Our approach to managing | 57 FY21 Performance and | ||||||||||||||||||
38 FY21 Performance | the COVID-19 pandemic | ||||||||||||||||||
39 FY21 Priorities and Achievements | context | ||||||||||||||||||
58 FY21 Priorities and | |||||||||||||||||||
FY21 | Achievements | ||||||||||||||||||
HIGHLIGHTS | |||||||||||||||||||
04 | 06 | 08 | 24 | 38 | 49 | 56 | 63 | ||||||||||||
personal | |||||||||||||||||||
10 | 18 | 30 | 40 | 45 | INDUSTRY59PARTNERSHIPS | ||||||||||||||
HEALTH AND SAFETY | |||||||||||||||||||
OF OUR PEOPLE AND | |||||||||||||||||||
CUSTOMERS | GOVERNANCE, RISK, CYBER | ||||||||||||||||||
18 Key Achievements in FY21 | AND TRANSPARENCY | 60 | |||||||||||||||||
18 Why is this important? | 40 Key Achievements in FY21 | ||||||||||||||||||
18 Our approach to managing | 40 Why is this important? | ||||||||||||||||||
For | 20 FY21 Performance | 40 Our approach to managing | |||||||||||||||||
20 Abacus business continuity | Abacus board diversity | ||||||||||||||||||
during COVID-19 | RESPONSIBLE RESOURCE | 40 and tenure | |||||||||||||||||
20 Activities | MANAGEMENT | 43 FY21 Performance | GRI INDEX | ||||||||||||||||
30 Key Achievements in FY21 | |||||||||||||||||||
23 FY21 Performance | 44 FY21 Priorities and | ||||||||||||||||||
30 Why is this important? | Achievements | ||||||||||||||||||
30 Our approach to managing | RESPONSIBLE PROCUREMENT | ||||||||||||||||||
31 Abacus Sustainability | |||||||||||||||||||
Targets | 45 Key Achievements in FY21 | ||||||||||||||||||
32 FY21 Performance | |||||||||||||||||||
45 Why is this important? | |||||||||||||||||||
OUR APPROACH | 37 FY21 Priorities and | ||||||||||||||||||
45 Our approach to managing | |||||||||||||||||||
10 Abacus Sustainability Strategy | Achievements | partners | |||||||||||||||||
46 FY21 performance | |||||||||||||||||||
13 Governance | |||||||||||||||||||
14 Sustainability Commitments | |||||||||||||||||||
14 Defining | our | material topics |
16 Engaging with our stakeholders
ABACUS PROPERTY GROUP | SUSTAINABILITY REPORT 2021
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FY21 | ||||||||
only | ||||||||
highlights | ||||||||
Worker incident | 25% reduction in GHG | |||||||
severity rate | (scope 1 and 2) | |||||||
useReduction in loss time due to injury | emissions intensity | |||||||
compared to 2019 1 | ||||||||
personal | Office tenant customer | |||||||
Focus on providing | surveys undertaken | |||||||
to inform customer | ||||||||
1.2 | safe, secure and | engagement strategy | ||||||
healthy workspaces | ||||||||
1.0 | 1.0 | <1.0 | 1.0 | for our employees | 24% reduction in | |||
and customers | water intensity | |||||||
FY17 | FY18 | FY19 | FY20 | FY21 | (compared to 2019) | |||
ForOccupancy rate across Commercial Portfolio | assets | |||||||
48 with | ||||||||
94.7% 92.6% | SOLAR PV | |||||||
91.9% | 91.3% | |||||||
FY21 | FY20 | FY19 | FY18 |
NET
ZERO
EMMISSIONS
2050
Development of board approved public sustainability targets including Net Zero Emissions (Scope 1 and 2) by 2050
CONTINUED IMPROVEMENT IN ENERGY AND WATER EFFICIENCY
4.63 | 4.05 | ||
Average NABERS rating | Average NABERS rating | ||
Energy | Water | ||
FY20: 4.26 stars | FY20: 3.34 stars | ||
1 Assets under operational control as defined by the NGER Act
0 6 - 0 7
Managing Director's onlymessage
Welcome to our FY21 sustainability report, highlighting our useprogress and achievements made over the year.
Abacus' FY21 results have progressed our vision to create exceptional value for our customers and stakeholders as an owner and manager of real estate and operator of storage locations.
FY21 was an active year for Abacus, personalwith the deployment of $1 billion of
capital, completion of a $402 million Entitlement Offer and internalisation of our Self Storage manager Storage King, to become a vertically i tegrated Self Storage investment platform. This has transformed Abacus, now a strong, asset backed, annuity style investment house focused on the ownership and management of our assets. The Group is focused on the sustainable, active asset and development management of our investments. As part of this, we continue to place strong emphasis on improving our systems and practices, and ensuring our stakeholders understand our commitment and approach to
Forsustainability. Sustainability is embedded within the decision- making process across the Group, receiving appropriate focus at all levels of management.
This report demonstrates our commitment to the many facets of sustainability including work health and safety; stakeholder engagement; customer satisfaction; responsible resource management; governance, risk and transparency, cyber security, employee engagement, climate change risk; responsible procurement and technology and innovation. Our reporting framework has been
our customers through all stages of their business lifecycle.
In response to our customers and the changing nature of work, we have been focused on increasing the flexible space options in our buildings with the commencement of our 'Flex by Abacus' offering. Flex by Abacus will feature fully fitted-out office space offered on flexible lease terms and will initially be offered at 14 Martin Place, Sydney NSW and 99 Walker Street, North Sydney NSW. These renovated, modern spaces complete with sophisticated technology, breakout and kitchen facilities are available to both new and existing customers who require overflow space or have additional meeting room requirements. Offering flexible space on dynamic leasing terms will widen our customer market and is expected to drive higher occupancy outcomes at our assets.
Our people, culture and community have been ongoing areas of focus. Despite the constraints of COVID-19 and associated restrictions, we have continued our investment in our people, culture and progressed our philanthropic program. Of note were the implementation of a full engagement survey which produced very positive and encouraging results; the commencement of the Abacus' NextGen graduate program; continuation of Employee volunteering and the introduction of pre-tax workplace giving.
Steven Sewell,
Managing Director
Image: Steven Sewell
Managing Director
ABACUS PROPERTY GROUP | SUSTAINABILITY REPORT 2021
2 Base building under operational control
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Abacus Property Group published this content on 10 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2021 06:24:03 UTC.