Embed ESG across our business. Manage opportunity and risk by integrating environmental and social value in our decisions. Demonstrate accountability and transparency.
ESG performance and benchmarks
Dow Jones Sustainability Index (DJSI)
The DJSI Australia is composed of sustainability leaders as identified by S&P Global through the Corporate Sustainability Assessment (CSA). The index represents the top 30% of companies in the S&P/ASX 200 based on long-term economic, environmental, and social criteria. For further information, refer to the DJSI Australia website.
Cromwell has been included on the Dow Jones Sustainability Australia Index for the first time in 2022, one of only eight property companies in Australia to achieve this.
Global Real Estate Sustainability Benchmark (GRESB)
The 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 2017.
Our 2023 results are listed below.
NABERS Sustainable Portfolios Index (SPI)
The NABERS Sustainable Portfolios Index (SPI) showcases leading property portfolios across Australia according to their NABERS ratings and percentage of portfolio rated. The SPI is globally unique in that it provides a public, whole portfolio view of actual performance in terms of emissions and water usage, and it tracks progress over time. For more information on NABERS: SPI 2024: Offices & Shopping Centres | NABERS
Cromwell Direct Property Fund results
A rating of 5.3 in energy performance, ranking equal 5th best office portfolio overall in Australia.
A rating of 4.8 in water performance, ranking equal 7th of 46 portfolios in Australia.
Cromwell Diversified Property Trust results
A rating of 5.4 in energy performance, ranking equal 4th best office portfolio overall in Australia.
A rating of 4.3 in water performance, ranking equal 12th of 46 portfolios in Australia.
FY24 ESG Report
This report covers Cromwell Property Group’s environmental, social, and governance (ESG) performance for the year ending 30 June 2024.
Corporate policy, frameworks and statements
Task Force on Climate-related Financial Disclosures (TCFD)
Modern Slavery Statement
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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
The information in this section of the website is provided for the use of licensed financial advisers only. In no circumstances is it to be used by a potential investor for the purposes of making a decision about a financial product or class of products. Any advice is not personal advice and has been prepared without taking into account investors objectives, financial situation or needs.
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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.
