Embedding ESG across our business.

Managing opportunity and risk by integrating environmental and social value in our decisions. Demonstrating accountability and transparency.

Home ESG Governance

Embedding ESG across our business.

Managing opportunity and risk by integrating environmental and social value in our decisions. Demonstrating accountability and transparency.

Governance targets

ESG screening of all tenants and strategic suppliers
Supplier engagement on modern slavery
ESG integration into risk register and business strategy
Achieve and maintain a GRESB public disclosure rating of A
Become and maintain signatory membership to the UN PRI.
Achieve a five star rating from UN PRI

ESG performance and benchmarks


The Global Real Estate Sustainability Benchmark (GRESB) Real Estate Assessment is an investor-driven global ESG benchmark and reporting framework to validate, score and benchmark ESG performance data. Cromwell has improved or maintained its GRESB scores for its key funds each year since first undertaking the assessment in 2009.

Our 2023 results are listed below.


CDP is a global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. It is fully aligned to the recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD). Over 18,700 companies and investors representing US$130tn in assets report through CDP on climate change, water security and forests.

In 2022 Cromwell achieved a B score, outperforming our sector average, as well as the Oceania and the global averages.


Strategy and Reports

Cromwell FY23 ESG report

Download the Cromwell ESG Report
CEREIT 2022 Sustainability Report

Download the CEREIT Sustainability Report
Select an option
  • Corporate policy, frameworks and statements
  • Sustainability-related Disclosures
  • Task Force on Climate-related Financial Disclosures (TCFD)
  • Modern Slavery Statement

Corporate policy, frameworks and statements

Below are ESG-related policies, frameworks and statements. Please visit our Corporate Governance page for corporate governance policies and reports

Diversity and Inclusion Policy
ESG Policy
Sustainable Finance Disclosure Regulation (SFDR)

The statements adjacent are applicable only to Cromwell’s business in Europe and related to the technical disclosures under the EU Sustainable Finance Disclosure Regulation.

Task Force on Climate-related Financial Disclosures (TCFD)

The Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD recommendations www.fsb-tcfd.org) were published in June 2017 with the objective of establishing a voluntary framework for disclosing an organisation’s climate-related financial risk.

By providing a consistent reporting approach, financiers, investors, insurers and other stakeholders are able to understand an organisations material climate-related risks, the financial implications of the risks and the approach being taken to manage them.

Cromwell has been reporting for a number of years on its actions to improve the performance and quality of its assets, reduce emissions and increase efficiency and resilience. We recognise the potential risks and opportunities arising from climate change and a transition to a low-carbon economy.

The Cromwell TCFD Statement can be found in the Annual Report. It summarises Cromwell’s approach to managing the risk from climate change, across the Australian directly owned and funds management business and the current process of alignment across the European operations. In adopting the TCFD recommendations, we are committed to review and evolve our reporting to support effective disclosure.

Modern Slavery Statement

Cromwell acknowledges the role and responsibility it has in generating awareness and implementing steps to uphold human rights and minimise the risk of modern slavery practises in its operations and supply chains.

In previous years, we prepared and lodged two separate statements for our Australian and European businesses. In FY23 we have produced one Group statement, which describes our approach to assessing and addressing the risks of modern slavery across our entire platform.

Sustainable Finance Framework


Cromwell Property Group has developed its Sustainable Finance Framework to support and provide transparency to Cromwell’s commitment to fund low carbon, efficient and resilient buildings that meet the ESG ambitions of Cromwell and its suppliers and customers through the use of sustainable debt instruments.

Sustainable Finance Framework in action

Janki Shopping Centre

Cromwell’s ESG, Treasury and local Central European teams collaborated to secure a second green loan under the Group’s Sustainable Finance Framework.
The loan was provided by HSBC Continental. Under the terms of the agreement, Cromwell will need to report on renewable energy usage, annual greenhouse gas emissions and ensure that at least 50% of new leases include green clauses that cover Scope 3 emissions. This aligns the financing of this portfolio with the sustainability goals of our financial partners.

Janki shopping centre is certified BREEAM In-use Excellent. The fund which owns Janki scored 90 in the GRESB index in 2022 and won the BREEAM-GRESB Award for Corporate Investment in Responsible Real Estate in March 2017.

learn more
Cromwell European REIT
CEREIT Green Finance Framework

CEREIT’s Green Finance Framework is based on the Green Bond Principles
(ICMA, 2021), the Green Loan Principles (LMA, 2020) and the ASEAN Green Bond Standards (ACMF, 2018).

This Framework defines assets which are eligible for financing or refinancing by proceeds of green bonds, loans or any other green finance instruments (the “Green Finance Instruments”) issued by CEREIT’s indirectly and wholly owned securitisation vehicle. In addition, the Framework outlines the process used to select and report on eligible assets and the organisation of the management of proceeds of Green Finance Instruments.

Discover More

Previous Sustainability Reports

ESG Report 2022
Sustainability Report 2021
Sustainability Report 2020
Sustainability Report 2019
Sustainability Report 2018
Sustainability Report 2017
Sustainability Report 2016
Sustainability Report 2015