Environmental, Social and Governance (ESG) is integral to Goodman’s long-term business strategy. We make investment decisions based on strategic long-term thinking and operate with sustainability goals front of mind.
Goodman’s 2030 Sustainability Strategy is based on three pillars: sustainable properties, people and culture and corporate performance. We are working on both short and long-term initiatives to make a meaningful difference to our business as well as to our people, customers, investors, community and planet.
Our sustainability strategy shapes Goodman’s business. It aligns with our purpose to make space for greatness, and is helping us transition to being a resilient, responsible and low-carbon company.
Our sustainability strategy captures the ESG priorities of our global business. The pillars have clear targets which are tracked, measured and reported annually.
Read more about our sustainability initiatives in our 2022 Sustainability Report.
Our sustainability strategy is driven by our material issues, which we review regularly. These material issues are reviewed against global ESG trends, our external stakeholders’ priorities and the broader economic and social context.
In 2022, an independent review of Goodman’s ESG drivers was completed. Two were added to our 2019 list, giving us a total of eight material drivers:
The United Nations’ Sustainable Development Goals (UNSDGs) are a call to action to address the world’s most significant challenges including climate change, poverty, gender equality and good health and wellbeing for all.
Our 2030 Sustainability Strategy and ESG targets support nine of the 17 SDGs. These goals are the most relevant to our operations and our progress is helping to solve some of the world’s biggest challenges.
Goodman’s Boards and management team are committed to addressing climate risk. We work to maintain our understanding of current potential exposure to risks, gauge the impact of these risks on our business and identify mitigation responses.
Our view of climate risk goes beyond the direct physical risks to our assets. It includes transitional risks to our business, related to policy shifts, regulatory and disclosure obligations, insurance impacts, and the market broadly.
Having a more resilient property portfolio is a crucial part of Goodman’s sustainability strategy and long-term approach. A resilient portfolio is one that is strategically located, adaptable to customer needs, and with greater resilience to a changing climate.
Goodman’s properties are designed to be efficient and highly functional both today and into the future. We achieve this by combining sustainable design fundamentals with the use of innovative materials and building automation to develop green buildings. This work helps us meet our own sustainability targets, and those of our customers and Investment Partners.
Our properties can include a number of sustainable design features. Click on the interactive buttons below to find out more.
Our supply chain consists of more 8,000 suppliers. Goodman supports the protection of human rights, and equity and fairness within our supply chains. We recognise that modern slavery is a global risk and that managing this risk is an ongoing responsibility for us.
We participate in ESG benchmarking programs around the world to measure and communicate Goodman’s performance to our stakeholders. These programs also show us ways we can improve.
Over the ten years that Goodman has participated in GRESB, we have improved our scores consistently and increased our number of participating entities globally. This year, 10 of our Partnerships made submissions.
In 2022, we received an ESG Risk Rating of 9.5, where we were assessed as being at ‘negligible’ risk of experiencing material financial impacts from ESG factors.
In 2022, Goodman’s ESG rating improved from A to AA, reflecting the strength of our corporate governance and anti-corruption controls.