Goodman Group Stakeholder Review 2021

Brownfield developments

Brownfield sites are those that have previously been developed yet offer an opportunity to be re-developed into modern, efficient, sustainable properties. These older style developments are typically located in established industrial locations that are closer to urban centres.

Our global portfolio is concentrated in urban locations that are close to the majority of consumers. This brings our customers the benefit of faster speed to market and reduces their transport-related emissions.

It’s part of Goodman’s strategy to continue to acquire and redevelop existing brownfield sites. Goodman has extensive development experience in this area and, currently, more than half our global developments are on brownfield sites.

Brownfield redevelopments offer significant benefits to our customers, including being close to the consumer and providing employment to local communities, reducing the demand on rezoning and developing greenfield land, utilising existing infrastructure, and providing the opportunity to recycle materials from the current facility into new construction – thereby reducing waste being sent to landfill.


Before: Getafe Terminal Logistics Centre, Madrid, Spain.


Sustainability in the heart of Madrid

Just 20 minutes from Madrid’s centre, Goodman is working with the Getafe municipality to regenerate the Getafe Terminal Logistics Centre area – a former industrial warehouse, unused for a decade.

The centre will depart from the traditional idea of how an industrial business park should look, feel and operate. Featuring 24,000 sqm of green space, its innovative split design means that despite heavy truck transit, employees who do not deal with trucks as part of their job will never cross paths with one.

Getafe’s warehouse spaces are cleverly designed to incentivise smaller retailers and enterprises, while the project’s revitalisation of this once-abandoned area will tempt back businesses and residents alike.

Sustainability was considered at every stage, starting with demolition. Close to 85% of the total non- hazardous material – around 60,000 cubic metres – was recycled into the new centre’s base.

The building’s water-saving drainage and preparation for future solar panels will see it achieve a BREEAM Excellent ranking. Meanwhile, it is Spain’s first industrial project to achieve BREEAM Green Urbanisation certification for its surrounding infrastructure and zoning works.

The extra mile was travelled aesthetically too. While Getafe Terminal Logistics Centre is firmly focused on the future, its design pays homage to the area’s proud aviation heritage.

Goodman people go $10 million greener

Our holistic approach to ESG not only reduces our properties’ carbon impact but looks to embed sustainability broadly in our culture.

To help unlock more sustainable transport for our people we offered $10 million worth of electric vehicle (EV) incentives over the next five years. Those who accept will be immediately making a difference. The initiative showcases how our people are encouraged to help Goodman broaden the radius of its impact in the carbon economy.

In addition, we are transitioning our global vehicle fleet to EV with the current Australian fleet of 55 hybrid vehicles due to be 100% EV by 2025. Furthermore, all new Goodman developments globally will feature EV bays with battery charging stations.


Managing climate risk

Bicycles for customer use at Goodman Business Park, Greater Tokyo, Japan

Goodman supports the Paris Agreement goal to limit global warming to well below two degrees Celsius compared to pre-industrial levels.

As part of this, we assess our climate risks and have set several targets as part of our 2030 Sustainability Strategy. The strategy responds to the current and projected impacts of climate change on our business while disclosing our approach to investors and capital partners.

Goodman’s approach to managing climate risks is incorporated in our risk management framework. The framework looks at our property development, property management and fund management activities.

Goodman completed a scenario-based climate risk assessment aligned with TCFD guidelines in 2020. Key physical and transitional climate risks were examined in the major regions where we operate. The five most material risks were identified as:

  • Increasing temperatures and heatwaves
  • Extreme precipitation events
  • Windstorms (tropical and extra tropical)
  • Severity of hailstorms
  • Sea level rise


For more information on Goodman’s TCFD climate risk assessment, please view our statement here.


Achieved in FY21.


Achieved in FY21.


In progress.


In progress.

The future of work
The future of work