Corporate governance and performance

Goodman’s commitment to robust corporate governance helps maintain our reputation, workplace culture, operations and strong financial and ESG results. We integrate these practices into our broader risk management approach, and comprehensive governance policies, helping us meet stakeholder expectations.  

Effective corporate governance, including ESG, is critical to the long-term performance of our business and our people. Goodman’s Board, sub-committees and management team work together to consider and agree the strategic direction of the Group. This includes  implementation of our sustainability strategy, and meeting environmental and sustainability targets is part of our remuneration structure.

For a summary of our governance processes, including how we oversee sustainability priorities, please see Goodman’s annual report.

For a business to be truly sustainable, it needs to be financially sustainable. Goodman’s prudent financial management over the long-term enables us to deliver on our sustainability vision. While our new Sustainable Finance Framework gives us the financial flexibility to issue sustainability-linked bonds and loans. 

Our ESG performance is disclosed regularly through our participation in benchmarks. It helps our stakeholders maintain their trust in Goodman’s governance and leadership.

Material drivers

• Sustainable operations and results
• Effective disclosures of ESG performance
• Investing responsibly with defined governance and sustainable capital structures.

Progress against targets

Target	Activity in FY24 and progress	Relevant UNSDGs
Retain investment grade credit rating	Maintained BBB+ from S&P and Baa1 from Moody’s
Retain strong ESG benchmark performance	Strong GRESB, MSCI and Sustainalytics ESG benchmark performance in FY23/24
Maintain effective annual climate risk disclosure aligned to the TCFD guidelines	Maintained public climate risk disclosures contained in Goodman annual report

ESG benchmarks

We participate in several external ESG benchmarks that are valued by our Investment Partners and also show us ways to continually improve. These include the:

• Global Real Estate Sustainability Benchmark (GRESB)
• Sustainalytics benchmark
• MSCI ESG Index.

Maintaining our sustainable capital structure

We measure our financial sustainability and strength through our credit ratings of BBB+ (S&P) and Baa1 (Moody’s). These ratings reflect our sustainable operations and results, capital stability and approach to responsible investments.