Reporting and transparency

Vicinity participates in a number of investor surveys annually to communicate our sustainability approach and performance with investors and other interested stakeholders.

This year, we participated in the Dow Jones Sustainability Index (DJSI), CDP (formerly the Carbon Disclosure Project) and the Global Real Estate Sustainability Benchmark (GRESB).

Vicinity continued to perform strongly in the above investor surveys, as a result of having a focused Sustainability strategy that is well understood and embedded across key areas of our business, including developments, shopping centre operations and investments.

Additionally, our sustainability approach and performance is communicated to our investors and other stakeholders as part of our Annual Report, as well as our Corporate Governance Statement.

Vicinity Centres recognised as world's 3rd most sustainable real estate company by RobecoSAM in the 2018 Corporate Sustainability Assessment

Our 2018 investor sustainability survey results

 

 

  

 

Vicinity Direct Portfolio

90 / 100  (2017: 94)

4th in Australian Retail 

Vicinity Retail Partnership

90 / 100 (2017: 94)

3rd in Australian Retail

Vicinity Enhanced Retail Fund

86 / 100 (2017: 91)

9th in Australian Retail

 

 

Vicinity Centres managed portfolio

80 / 100 (2017: 80)

Included in indices for World, Asia Pacific and Australia 

Ranked no. 3 in the real estate industry globally

 

 

Vicinity Centres managed portfolio

Performance: B

Score level: Management

 

Silver Class Sustainability Award 2018

 

Vicinity Centres has received the RobecoSAM Sustainability Award Silver Class 2018, and has been included in the 2018 Sustainability Yearbook, as one of the world’s most sustainable companies in the real estate industry.

The Yearbook recognises companies that are strongly positioned to create long-term shareholder value supported by their approach to sustainability. The Silver Class distinction is awarded to companies that score within the top 5% in the industry.

Collaboration with our strategic partners

Our Sustainability approach is key to responsibly managing the interests of our wholesale fund investors and joint venture partners (known as our ‘strategic partners’) over the long term. It is also an important lever in gaining access to capital through our wholesale funds platform, and delivering sustainable returns for our fund investors. Our goal is to become a partner of choice, especially with those who share similar sustainability ambitions and demonstrate the value we bring as a leading retail property manager.

Throughout the year, we engage with our strategic partners to ensure that key programs under our Sustainability Strategy and other joint sustainability initiatives are implemented at our co-owned and/or managed centres.

We provide our joint venture partners with quarterly reports to inform them of asset performance and initiatives being implemented with regards to environmental efficiency and community investment. We also respond to their annual information requests from our wholesale fund investors related to corporate and asset level environmental, social and governance policies, practices and performance.

Additionally, we engage our strategic partners through materiality reviews that we conduct every two years to understand their views on material long-term ESG issues for Vicinity and how we can respond to mutual issues of interest for our respective organisations.