Governance - Cromwell Property Group
Cromwell Property Group employees

Embed ESG across our business. Manage opportunity and risk by integrating environmental and social value in our decisions. Demonstrate accountability and transparency.

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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

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.

ESG Report and Statements

Cromwell FY25 ESG report

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Cromwell FY25 ESG Data Pack

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Cromwell FY25 Basis of Preparation

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Select an option
  • Corporate policy, frameworks and statements
  • Climate and Nature-related Financial Disclosures
  • 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 & Inclusion Policy
ESG Policy
Modern Slavery Statement
Second-Party Opinion Cromwell Sustainable Finance Framework
CDP Climate Change Questionnaire 2023

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.

By electing to continue, you confirm that you are a licensed financial advisers.

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Climate and Nature-related Financial Disclosures

Cromwell is committed to quantifying and improving its understanding of the risks, opportunities and impacts of climate change and nature-related issues relevant to Cromwell operations and value chains. In FY25, the Group fulfilled its FY23 commitment by releasing its first voluntary Taskforce on Nature-related Financial Disclosures (TNFD) response, initiating a formal process to assess nature-related issues.

Recognising the interconnectedness of climate and nature, Cromwell has integrated its reporting approach, renaming its Climate-related Financial Disclosure to Climate and Nature-related Financial Disclosure.

In line with its commitment to full alignment with the Task Force on Climate-Related Financial Disclosures (TCFD) by 2025, Cromwell has set decarbonisation goals aligned with the Paris Agreement, which aims to limit global warming to well below 2°C above pre-industrial levels, and pursue efforts to limit it to 1.5°C.

Cromwell continues to enhance its internal processes in preparation for the upcoming Australian Sustainability Reporting Standards (ASRS) AASB S2 mandatory Standard. This new standard integrates the recommendations of the TCFD guidance, which Cromwell has voluntarily disclosed against since FY19. Cromwell’s reporting and governance documentation does not currently align with AASB S2.


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

Cromwell Riverpark Trust

The inaugural transaction under Cromwell’s Sustainable Finance Framework involved transitioning the existing $130 million bilateral loan with Commonwealth Bank of Australia – on the Cromwell Riverpark Trust – to a green loan certified by the Climate Bonds Initiative. The debt facility for the Cromwell Riverpark Trust has been extended for a further two years, with all other terms remaining the same.

Energex House is an industry leading Green Star 6 star, and 6-star NABERS Energy rated, building. By extending the term of the facility for a further two years under a green loan, we will continue to improve its sustainability performance.

Learn more
Cromwell Riverpark Trust

Previous Sustainability Reports

ESG Report 2024
ESG Report 2023
ESG Report 2022
Sustainability Report 2021
Sustainability Report 2020
Sustainability Report 2019
Sustainability Report 2018
Sustainability Report 2017
Sustainability Report 2016
Sustainability Report 2015

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.

By electing to continue, you confirm that you are a licensed financial advisers.

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Data packs

FY25 Data Pack
FY24 Data Pack
FY23 Data pack
FY22 Data pack
FY21 Data pack

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.

By electing to continue, you confirm that you are a licensed financial advisers.

Accept Decline