Charter Hall becomes largest 5-star Green Star rated Office portfolio and sets record for 6-star rated assets

Charter Hall Group (Charter Hall or the Group) is pleased to announce that it has achieved a 5-star Green Star rating across its Office portfolio, becoming the largest 5-star Green Star rated office portfolio in Australia, totaling more than 1.58 million square meters (sqm).

Charter Hall also now holds the record for the most 6-star Green Star Performance rated office buildings, with 10 assets achieving the highest possible rating, signifying ‘World Leadership’ in sustainability performance.

As a result of its efforts to deliver more sustainable buildings, Charter Hall’s Office portfolio has more than doubled the number of buildings rated at least 5 stars and reduced its energy intensity by 20% despite a 47% increase in floor area since 2019.

Charter Hall Office CEO, Carmel Hourigan, said, “We are incredibly proud of this achievement, a direct result of the concerted effort that we have made as a Group and as an Office team to create more sustainable solutions in the commercial property sector.

“Notably, we achieved this during a time of growth, which demonstrates the impact of incorporating sustainability key performance indicators at both the asset and portfolio level, as well as integrating ESG into our active management approach. Our portfolio is evidence that greater sustainability performance attracts higher quality tenants, longer leases, and stronger, more resilient valuations.”

Further to its achievements in Office, Charter Hall also continues to lead the market as Australia’s largest Green Star Performance rated portfolio – by area and volume – with approximately 340 assets rated, totalling over 6.70 million sqm across its core sectors.

Charter Hall Managing Director and Group CEO, David Harrison, said, “Our approach to partnership has always enabled us to create better outcomes and mutual success, and our demonstrable progress on our ESG objectives is further evidence of that.

“We continue to actively partner with our tenant and investor customers on sustainability initiatives, while leveraging the size and scale of our platform to maximise the impact of our investment in this space on our funds and across individual assets, and ensure that it translates into environmental, social and financial benefit for our customers and communities.”

In 2022, Charter Hall announced that it had accelerated its commitment to Net Zero for Scope 1 and Scope 2 emissions from 2030 to 2025, driven by its integration of ESG into asset creation and operations through onsite and offset renewables, a transition away from fossil fuels and carbon footprint reduction. This includes its power purchase agreement with ENGIE to supply electricity from renewable sources to 100% of the Group’s assets under operational control including its Office portfolio.