Sustainable properties and places

Goodman’s business is centred on developing and owning high quality properties that are essential infrastructure supporting the flow of goods and data through the economy.As part of this, we are optimising our assets to provide sustainable and resilient properties and places. They are in strategic locations that are close to transport hubs and consumers for our customers.

Sustainable and resilient design approach  

We continuously review our design approach to help achieve our sustainability targets, and to help our customers and Investment Partners realise their own ambitions. 
 
Our approach is influenced by years of experience developing industrial and data centre properties and places, and our drive to innovate with smarter materials and designs. 

While our specifications vary across Goodman’s global regions, common sustainability features in our developments include:

• Strategic site selection close to infrastructure, consumers and transport
• Integrated energy-efficient design, including automated LED lighting
• Electrical sub-metering to monitor and measure performance
• Solar PV on rooftops to generate renewable energy
• Increasing installations of charging points for electric vehicles
• Water conservation such as rainwater harvesting and native landscaping
• Low volatile organic compound (VOC) materials and low carbon materials
• Facilities that support good health, such as bicycle storage, fitness equipment, showers and change rooms.

Emissions reductions

Goodman sees emission reduction as a priority, and we have set ourselves targets to help achieve this. Our emisisons reduction targets aligned with the objectives of the UN Paris Agreement to limit the global temperature increase to below 1,5 degree.We're working to maintain our carbon neutral status for our global operations using the Climate Active Carbon Neutral Standard. Decarbonising our embodied emissions in our development projects is our next challenge.  

Our carbon reduction commitments include: 

• A 42% reduction in absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 2030 from a 2021 baseline. These include our direct emissions, primarily resulting from the use of fossil-fuels and electricity across our operations. 
• A 50% reduction in square-metre intensity of Scope 3 GHG emissions by 2030 from a 2021 baseline covering the use of our buildings by our customers and the use of our buildings which we have sold.
• When considering carbon emissions from our operations, we are focused on Scope 1 and 2, as well as the various components of Scope 3 that we can directly influence, such as embodied carbon on our developments. We are reviewing our targets associated with Scope 3 emissions and aim to comply with the impending Australian Accounting Standards Board disclosure requirements as soon as practically possible. 

Climate risk and resilience

Biodiversity plays a role in resilience

Goodman has a responsibility to do what it can to preserve and improve biodiversity across its global operations. Our preference for re-developing brownfield sites, and when needed, rehabilitating contaminated industrial environments, supports the circularity approach. It offers Goodman the opportunity to enhance the local environment and improve biodiversity as well as make other positive improvements.

We have commenced planning and defining our approach for Taskforce for Nature-Related Financial Disclosures (TNFD), considering practical biodiversity baselines, commonality among our global development teams, and flora and fauna assessments required for developments.

Climate risk and resilience

Goodman is committed to taking action to identify, evaluate, mitigate, and monitor physical and transition risks across our global portfolio. In 2020, we completed our first Task Force on Climate-Related Financial Disclosures (TCFD) climate risk assessment of our key physical and transitional risks. Reviewed annually, the scenario-based assessment identified our most material climate risks as: 

• Increasing temperatures and heatwaves
• Extreme precipitation events
• Windstorms (tropical and extra tropical)
• Severity of hailstorms
• Sea level rise.

For more information, read our TCFD report. 

Biodiversity plays a role in resilience

Goodman has a responsibility to do what it can to preserve and improve biodiversity across its global operations. Our ambition is to deliver resilient assets that support human health and value natural capital. Our preference for re-developing brownfield sites, and when needed, rehabilitating contaminated industrial environments, supports the circularity approach. It offers Goodman the opportunity to enhance the local environment and improve biodiversity as well as make other positive improvements. 

Our work in this area is well underway. We’ve established urban forests in Belgium and Spain, linked wildlife corridors in Western Sydney, installed beehives in Germany, and expanded conservation areas at several of our sites.

We have commenced planning and defining our approach for Taskforce for Nature-Related Financial Disclosures (TNFD), considering practical biodiversity baselines, commonality among our global development teams, and flora and fauna assessments required for developments.

Taking action