People, culture and community

By investing in our people, our culture and in positive community outcomes through the Goodman Foundation, Goodman can help to create a more sustainable business. One that aligns our business outcomes with the interests of our stakeholders, and helps build trust with our customers, investment Partners and the wider community.

Material drivers 

• Promoting workplace safety and wellbeing for all  
• Demonstrating Goodman’s values and promoting diversity, inclusiveness, and social equity + Group and regional leadership  
• Influencing the sustainability practices of our value chain 
• Protecting human rights and sourcing sustainably  
• Supporting the community through the Goodman Foundation.

Progress against targets

Target	Activity in FY24 and progress	Relevant UNSDGs
Safe working environment	One contractor fatality in China
Implementation of our sustainable sourcing framework (includes non-climate related items as well as social procurement and modern slavery considerations)	Implemented in FY23 Updated and enhanced in FY24
Diversity target of 50% female overall and 40% female in senior executive roles by 30 June 2030	43% female representation overall 30% female senior executives
Strong workplace culture	Employees demonstrating Goodman values 99% Strong engagement survey results 84%1 Low voluntary turnover 6.6% High parental leave return rate 95% Employee LTIP participation represents 4.2%2 of issued capital
Cumulative social contributions valued at $100.0 million from 1 July 2019 to 30 June 2030	The Group’s financial contributions were $12.1 million in FY24 plus a further $1.35 million in staff fundraising and in-kind contributions. Total social contributions of $55.9 million since 1 July 2019 3,993 volunteering hours in FY24

<sub>1. In those regions that undertook surveys in FY24 (Group, Australia, Continental Europe and the United Kingdom) 
2. Refers to unvested performance rights under the LTIP.</sub>  

Our culture and values

The value of diversity

As a global company, Goodman values diversity and encourages inclusion. It brings together diverse knowledge, backgrounds and thinking, which can result in better decision making and business performance. 

A key area of focus is gender diversity. We are actively working towards increasing our female senior management representation (currently 30%) to reach our target of 40% by 2030, which involves succession planning, recruitment and career development.   Our overall gender representation is 43% female, with a target of 50/50 by 2030.

Our Inclusion & Diversity Policy supports; 

• Workplaces free of harassment or unlawful discrimination  
• Recruitment and promotion based on merit  
• Equal access to personal development, management skills and career opportunities
• Cultural differences  
• The needs of individuals with family and carer responsibilities  
• Customers’ diversity and their expectations  
• An inclusive work environment where ideas and opinions are shared  
• A range of philanthropic channels for community contributions  
• Increased career advancement opportunities for women.

Learning and development 

At Goodman, we understand the world is constantly changing and to be part of the future we must remain agile. We support our people’s growth by offering access to a variety of learning and development activities. Our training includes a mix of on-the-job experiences and an extensive online catalogue covering a wide range of technical and non-technical subjects. We also support undergraduate and postgraduate study opportunities, providing financial assistance for tertiary studies that complement a team member’s current role or their agreed career development. 

Workplace safety

Through the pragmatic management of safety, we believe we’ve had a positive influence on worker safety standards. We continuously monitor and adapt our strategy, focusing on our high risks across our different operating regions.

Our most significant health and safety risks are in the construction phase of development in high risk regions on sites controlled by our principal contractors. We find the most effective way to implement Goodman’s safety standards starts before we engage with contractors. In the pre-tender and design stage, we monitor the regulatory environment and industry safety standard and culture for that region, then incorporate these into the contractual standards for the different phases of the project.

Working in partnership with our contractors, and maintaining an active onsite presence to monitor and enforce Goodman contractual safety standards, has been effective in driving down serious incidents.

Human rights and modern slavery

In our operations and supply chain, Goodman supports the protection of human rights, equity, and fairness. We recognise that modern slavery poses a global and widespread risk, and we take ongoing responsibility for managing this risk. 

Our focus on the protection of the human rights of our people and workers in our supply chain is aligned with our values and our commitment to safety and sustainability. Our modern slavery strategy continues to mature each year so that our processes and actions remain effective in preventing and addressing modern slavery. 
 
View our Modern Slavery Statement

Customer wellbeing

We believe our sustainable buildings support the health and wellbeing of our customers. They encourage good health and make it easier for our customers to attract their own high-quality workforce. In turn, our business benefits from high occupancy levels and sustained rental growth.