Goodman Group Stakeholder Review 2021

When it comes to sustainability, we believe the property sector has a vital role to play and we’re leading by example. This year, we achieved carbon neutral global operations four years ahead of schedule – and we’re determined to deliver on our commitments. We’re continuing to work closely with our customers and our investors to continually support and influence long-term sustainable solutions that will help us meet, and in some cases beat, our ESG targets across every aspect of our business.

2021 ESG highlights


Our global operations were certified as Carbon Neutral by Climate Active


We installed 70MW of solar on our rooftops globally taking our total to 125MW to date – equivalent of powering 17,600 Australian homes per year, and we have more large installations planned for FY22


We finalised our transition to 100% certified green power in our Australian operations which will increase Goodman’s global renewable energy usage to approximately 60%


We began calculating embodied emissions for our developments globally as we move towards carbon neutral developments


We implemented biodiversity initiatives including planting urban forests at multiple European sites


Our Japanese Partnership was awarded Sector Leader in the 2021 Global Real Estate Sustainability Benchmark (GRESB) in the Industrial Distribution Warehouse category


We continued to roll out smart irrigation technology in Australia, completing around 43% of the portfolio and saving 53% of irrigation water (the equivalent of 30 Olympic swimming pools of water) in the last 12 months


We sharpened our focus on our supply chain ethics and developed a global supplier code of conduct centred on human rights and preventing modern slavery


We contributed $6.3 million to community and philanthropic causes including $400,000 raised by Goodman people


We launched a $10 million global incentive to support Goodman people to buy electric vehicles

Accelerated targets

Goodman achieved carbon neutral global operations four years ahead of our 2025 target. Certified by the Australian government’s Climate Active program, the result comes from reducing our own operational emissions, increasing our use of renewable energy, supporting our customers and investors to reduce their emissions, and investing in 100% Australian carbon credit units.

Reducing emissions

All regions contributed to our reduced carbon footprint, with Europe and New Zealand having already achieved carbon neutral status. During the year, our Australian operations transitioned to 100% green power, which will dramatically reduce the Company’s total future emissions.

We continued to support and influence long-term sustainable solutions for our customers and investors. We believe the property sector has a vital sustainability role – from the estates we develop, through to how we can work with our customers to achieve greener outcomes in their businesses too.

Goodman is reducing carbon in the development process as well. We are calculating the volume of – and placing a value on – embodied emissions in our projects globally, which means we can offset the carbon.

Highbrook Business Park, Auckland, New Zealand.
Aboriginal fire rangers, Arnhem Land Fire Abatement, Northern Territory, Australia.

Investing in carbon credits

To offset the carbon emitted in areas outside Goodman’s control, as well as to support an Aboriginal-owned and operated carbon farming business, we invested in the Arnhem Land Fire Abatement (ALFA) projects in Australia’s Northern Territory.

Arnhem Land is prone to extreme wildfires that affect people, plants and animals. The ALFA projects employ Traditional Owners and Aboriginal rangers to undertake traditional fire management across more than 80,000 square kilometres. This work drastically reduces emissions while protecting culturally significant sites from destructive wildfires.

Funding from carbon offsets also enables the projects to invest in other community identified priorities and projects that support Traditional Owners to manage the land and sea country of Arnhem Land.

Leading by example
Leading by example