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