Sustainability Performance Benchmarks
Dow Jones Sustainability Index (DJSI)
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. 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.
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 2022 results are listed below.
|Fund||2022 GRESB Score (out of 100)|
|Cromwell Diversified Property Trust (DPT)||87 (five star rating)|
|Cromwell Direct Property Fund (DPF)||82 (four star rating)|
|Cromwell European Real Estate Investment Trust (CEREIT)||79|
|Cromwell Polish Retail Fund (CPRF)||85 (four star rating)|
|Cromwell European Logistics Fund (CELF)||51|
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: https://www.nabers.gov.au/portfolio
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. Our 2022 score was B, outperforming our sector average, as well as the Oceania and the global averages.