Cbus Property aims for the top with its latest sustainability report

Cbus Property and Nielson Properties' proposed building at 205 North Quay

Cbus Property this week released its sustainability report outlining significant in-roads over the past 12 months and targets to achieve net zero carbon emissions by 2030.

Since updating its commitment to sustainability in 2018, the company has achieved the highest-rated National Australian Built Environment Rating System (NABERS) energy portfolio in Australia.

The Global Real Estate Sustainability Benchmark for real estate assets (GRESB) gave it the second highest ranking out of 964 other companies, with a score of 81 (the global average is 72).

The ongoing commitment to sustainability is not only a signal the threat of climate change hasn’t taken a hiatus during the pandemic, but also attests to an emerging theme: businesses and economies can thrive while tackling the crisis, the company said.

Cbus Property’s chief executive officer, Adrian Pozzo, said sustainability has been central to the way the business designs, develops and manages its assets since its inception in 2005.

“Many of Cbus Property’s projects are setting new standards for commercial office buildings, with lighter environmental footprints and a greater focus on tenant health and wellbeing, which translates to higher occupancy rates and increased benefits to tenants, such as employee retention and productivity,” a statement from Mr Pozzo said.

From its Adelaide office tower becoming the first building in Australia to have a six star NABERS Energy and Indoor Environment Quality rating, to achieving the first Gold WELL rating for an existing building in Melbourne, Mr Pozzo said the business is making headway.

“We refreshed our sustainability strategy to further evolve our innovative approach to sustainable design for the years leading to 2030, and to ensure that we are meeting the expectations of our members, partners, customers, communities and investors,” he said.

The aspirations were to place the company as a “market leader in sustainability”, he said.

Cbus Property owns eight core residential and commercial assets across Australia with a portfolio exceeding $5 billion.

Aligning its sustainability strategy with the UN Sustainable Development Goals the company has mapped a blueprint towards a Net Zero carbon impact.

According to the report, in 2019, the business achieved a two per cent reduction in total water and energy consumption, a five per cent reduction in total carbon emissions, and a seven per cent reduction in total waste generation.

In 2018 it committed to achieving net zero carbon by 2030 for its core portfolio through the World Green Building Council’s Advancing Net Zero initiative, the report states.

Steady implementation of the strategy has seen building management system optimisation software and technology put to use, saving on energy and minimising costs.

Onsite solar PV systems have been installed on four buildings, and there are plans to expand to others.

“To offset remaining energy requirements, we are working to source 100 per cent renewable electricity through Power Purchase Agreements,” the report states.

“In October 2019, Cbus Property’s business operations became Carbon Neutral Certified through Climate Active’s national carbon neutral certification scheme.

“This means we have zero carbon impact from business-related activities, including our offices in Melbourne, Brisbane and Sydney, all goods and services we use and our business travel.”

Mr Pozzo said the aspiration is to create one of the highest Green Star, and NABERS, rated commercial office portfolios in Australia.

“The recent NABERS Sustainable Portfolios Index first-place ranking for energy is a tremendous step towards this goal,” he said.

The company has developed a series of key targets and future milestones to support the integration of sustainability into its business model, and to meet its Net Zero Carbon pledge to the World Green Building Council’s Net Zero Carbon Buildings Commitment by 2030.

This includes achieving a 75 per cent recycling rate for operational waste and a 90 per cent recycling rate for construction and demolition waste by 2022.

“This pledge challenges us to reach net zero operating emissions in our portfolio by 2030, and reflects our values as a responsible investor, as well as our ambition to encourage change and provide the best sustainable developments into the future,” Mr Pozzo said.

To read the full report head to the website here.

Cbus Property this week released its sustainability report outlining significant in-roads over the past 12 months and targets to achieve net zero carbon emissions by 2030.

Since updating its commitment to sustainability in 2018, the company has achieved the highest-rated National Australian Built Environment Rating System (NABERS) energy portfolio in Australia.

The Global Real Estate Sustainability Benchmark for real estate assets (GRESB) gave it the second highest ranking out of 964 other companies, with a score of 81 (the global average is 72).

The ongoing commitment to sustainability is not only a signal the threat of climate change hasn’t taken a hiatus during the pandemic, but also attests to an emerging theme: businesses and economies can thrive while tackling the crisis, the company said.

Cbus Property’s chief executive officer, Adrian Pozzo, said sustainability has been central to the way the business designs, develops and manages its assets since its inception in 2005.

“Many of Cbus Property’s projects are setting new standards for commercial office buildings, with lighter environmental footprints and a greater focus on tenant health and wellbeing, which translates to higher occupancy rates and increased benefits to tenants, such as employee retention and productivity,” a statement from Mr Pozzo said.

From its Adelaide office tower becoming the first building in Australia to have a six star NABERS Energy and Indoor Environment Quality rating, to achieving the first Gold WELL rating for an existing building in Melbourne, Mr Pozzo said the business is making headway.

“We refreshed our sustainability strategy to further evolve our innovative approach to sustainable design for the years leading to 2030, and to ensure that we are meeting the expectations of our members, partners, customers, communities and investors,” he said.

The aspirations were to place the company as a “market leader in sustainability”, he said.

Cbus Property owns eight core residential and commercial assets across Australia with a portfolio exceeding $5 billion.

Aligning its sustainability strategy with the UN Sustainable Development Goals the company has mapped a blueprint towards a Net Zero carbon impact.

According to the report, in 2019, the business achieved a two per cent reduction in total water and energy consumption, a five per cent reduction in total carbon emissions, and a seven per cent reduction in total waste generation.

In 2018 it committed to achieving net zero carbon by 2030 for its core portfolio through the World Green Building Council’s Advancing Net Zero initiative, the report states.

Steady implementation of the strategy has seen building management system optimisation software and technology put to use, saving on energy and minimising costs.

Onsite solar PV systems have been installed on four buildings, and there are plans to expand to others.

“To offset remaining energy requirements, we are working to source 100 per cent renewable electricity through Power Purchase Agreements,” the report states.

“In October 2019, Cbus Property’s business operations became Carbon Neutral Certified through Climate Active’s national carbon neutral certification scheme.

“This means we have zero carbon impact from business-related activities, including our offices in Melbourne, Brisbane and Sydney, all goods and services we use and our business travel.”

Mr Pozzo said the aspiration is to create one of the highest Green Star, and NABERS, rated commercial office portfolios in Australia.

“The recent NABERS Sustainable Portfolios Index first-place ranking for energy is a tremendous step towards this goal,” he said.

The company has developed a series of key targets and future milestones to support the integration of sustainability into its business model, and to meet its Net Zero Carbon pledge to the World Green Building Council’s Net Zero Carbon Buildings Commitment by 2030.

This includes achieving a 75 per cent recycling rate for operational waste and a 90 per cent recycling rate for construction and demolition waste by 2022.

“This pledge challenges us to reach net zero operating emissions in our portfolio by 2030, and reflects our values as a responsible investor, as well as our ambition to encourage change and provide the best sustainable developments into the future,” Mr Pozzo said.

To read the full report head to the website here.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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