This article is from the Australian Property Journal archive
CHARTER Hall’s 1.58 million square metre office portfolio has achieved a 5-star Green Star rating, becoming the largest to do so in Australia.
The property funds manager also now holds the record for the most 6-star Green Star Performance rated office buildings, with 10 assets achieving the highest possible rating.
Charter Hall’s office portfolio has more than doubled the number of buildings rated at least 5 stars and reduced its total energy intensity by 20% despite a 47% increase in floor area since 2019.
“We are incredibly proud of this achievement, a direct result of the concerted effort that we have made as a group and as an office team to create more sustainable solutions in the commercial property sector,” Charter Hall Office CEO, Carmel Hourigan, said.
“Notably, we achieved this during a time of growth, which demonstrates the impact of incorporating sustainability key performance indicators at both the asset and portfolio level, as well as integrating ESG into our active management approach.
Charter Hall also has Australia’s largest Green Star Performance rated portfolio by both area and volume, with around 340 assets rated, totalling more than 6.70 million sqm across its core sectors.
David Harrison, Charter Hall’s managing director and group CEO, said, “Our approach to partnership has always enabled us to create better outcomes and mutual success, and our demonstrable progress on our ESG objectives is further evidence of that”.
Charter Hall last year announced that it had accelerated its commitment to net zero for scope 1 and scope 2 emissions from 2030 to 2025, driven by its integration of ESG into asset creation and operations through onsite and offset renewables, a transition away from fossil fuels and carbon footprint reduction. This includes its power purchase agreement with ENGIE to supply electricity from renewable sources to 100% of the group’s assets under operational control including its office portfolio.
