Environmental

Real estate investor and fund manager Cromwell Property Group (ASX:CMW) (Cromwell or Group) will transition to its first ever green loan this month, as part of the organisation’s new Sustainable Finance Framework – developed in consultation with the Commonwealth Bank of Australia and French-based multinational financial services company Societe Generale.

Frasers Property Industrial, has officially received approval on its ambitious targets to reduce carbon emissions by the Science Based Targets initiative (SBTi), the peak global body in climate assessment.

The YARDS, a $1 billion joint venture by Frasers Property Industrial and Aware Real Estate has set a new benchmark in Australia as the first industrial estate to achieve a Communities rating from the Green Building Council of Australia (GBCA).

Norwest Quarter, Mulpha’s ambitious new sustainable residential development is being supported by an $80 million green loan from the CEFC to cut energy costs by as much as 50 per cent, demonstrating how energy efficient homes can contribute to our net zero emissions future.

Australia’s upfront carbon emissions will balloon from 16% to 85% of overall building emissions by 2050 if we fail to make better choices around the materials we build with, and how we construct them.

The Albanese Government has allocated billions in the budget to new measures that will supercharge the net zero transition and build a resilient, sustainable nation.

A new joint report by the Property Council of Australia and the Green Building Council of Australia sets out a suite of property-focused policy recommendations that would help Australia achieve its decarbonisation goals.

GPT's Chirnside Park Shopping Centre, owned by the GPT Wholesale Shopping Centre Fund, has been certified carbon neutral, becoming the first retail asset in Victoria to meet the requirements and achieve the Climate Active certification.

Increasing the role that solar energy and battery storage technologies play in reducing emissions in Charter Halls' Shopping Centre Retail portfolio has been a key focus over the past five years.

Stockland and Compost Revolution have teamed up to deliver a first-of-its-kind program to empower, educate and equip Stockland’s masterplanned communities to support the better disposal of organic waste, reducing landfill and avoiding greenhouse gas emissions in the process.

The trajectory to net zero will be more streamlined with the latest version of Green Star Performance set to transition existing buildings away from fossil fuels.

Centuria NZ Industrial Fund and one of the largest spirit and wine distributors in NZ, Hancocks, are working together to transform a 15,021 sqm Mangere (Auckland) warehouse into a modern, sustainable industrial facility.

In an Australian first, The GPT Group has achieved upfront embodied carbon1 neutral certification for a Melbourne logistics development through the Green Building Council of Australia (GBCA) and Climate Active.  

Chirnside Park Shopping Centre will become The GPT Group’s first Climate Active carbon neutral certified shopping centre, primarily through a more than 50% improvement in energy efficiency, switching to renewable electricity and offsetting residual emissions.

JLL and LaSalle’s Global Real Estate Transparency Index (GRETI) ranks Australia 5th in the world for the most transparent markets for environmental sustainability and the leader in the Asia Pacific region.