Abacus Property Group – Sustainability Report 2017

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30—31 EMPLOYEE ENGAGEMENT AND MOTIVATION Why is this Material Issue important Cultivating a collaborative and engaging environment that empowers people to contribute is critical to the delivery of our business goals. At Abacus, we empower our employees to take initiative and attract people who want to take on responsibility and make a difference. Our flat organisational structure and open door culture supports this and as a business, this allows us to adapt quickly, respond to change and innovate. “We have a Can Do Culture here – we ask all our employees to think, innovate and utilise their strengths at work” – Frank Wolf, Managing Director Abacus recognises the benefits arising from employee and board diversity and creating an inclusive environment. Diversity includes, but is not limited to, gender, age, ethnicity, sexual preference, religious and cultural background. We know that diversity engenders a broader pool of high quality employees, improvement in employee retention and access to different perspectives. Diversity and inclusion at Abacus is about a commitment to equality and including all perspectives in decision making. 12% Reduction in turnover rate in FY17 compared to FY16 58% Percentage of Abacus employees participated in the FY17 Philanthropic Program Survey Our approach to managing We support the following initiatives: – Learning and talent development. We encourage employee development and this includes access to internal and external training aligned to key responsibilities – We encourage employees to share time and expertise in philanthropic activities – Flexible work arrangements, where appropriate – Performance feedback and reward – Social events For more information, please refer to the Abacus Diversity and Inclusion Policy – available online at our Corporate Governance page on the Abacus Property Group website at www.abacusproperty.com.au IMAGE: Abacus employees enjoying a day volunteering at the Royal Institute for Deaf and Blind Children
Community Investment at Abacus At Abacus, investing in the communities in which we operate is a core component of our culture and a key way in which we engage our employees. During the FY17 period, we conducted a philanthropic program survey across our employees to understand community activities of interest to them. The results, which now form our current philanthropic program, include staff team volunteer days, dollar for dollar matching on staff donation drives and corporate sponsorships with charitable organisations. Key highlights from the FY17 period include: • We entered into an arrangement with the Royal Institute for Deaf and Blind Children (RIDBC) recognising our shared values and culture. As part of this arrangement, our team of 18 volunteers assisted teachers, students and volunteers with the Open Day, Harmony Day and Family Day celebrations at the RIDBC. We look forward to collaborating further with RIDBC in FY18 • Abacus matched dollar for dollar on staff donations for the RACQ International Women’s Day Fun Run, organised by the Mater Chicks in Pink, raising funds for breast cancer research. A total of $2,310 was raised through donations by employees and Abacus • Abacus supported the Hang it Up for Poverty event, organised by Knight Frank and Uniting Care, by providing free utilisation of vacant space at Westpac House For the past two years, Abacus has averaged $15,000 per annum in total community investment expenditure, with FY17 expenditure totalling $11,550. Going forward, our Corporate Philanthropy Committee will be focused on increasing this level of investment and continuing to identify opportunities to engage in meaningful partnerships with notfor-profit organisations that meet our philanthropic program objectives. FY17 priorities and performance FY17 PRIORITIES STATUS FY17 PERFORMANCE Extended Diversity to include inclusivity Set up a Corporate Philanthropic Committee Our ‘Diversity and Inclusion Policy’ was updated to reference ‘inclusion’. The Corporate Philanthropic Committee was established this year and this has played a part in educating employees on the many ways they and the Group can contribute to the community through charitable donations and other activities. Future priorities – Nomination and Remuneration Committee to review, approve and monitor key diversity and inclusion metrics including metrics which review governance, management representation, career progression, parental leave and recruitment Achieved In progress – Further embed Philanthropic Committee and improve participation rate from prior year including Board commitment to future philanthropic activities ABACUS PROPERTY GROUP | SUSTAINABILITY REPORT 2017
Page 1: Abacus Property Group SUSTAINABILIT
Page 4 and 5: 02—03 MANAGING DIRECTOR’S MESSA
Page 6 and 7: 04—05 Managing D i r e c t o r
Page 8 and 9: 06—07 About us Abacus Property Gr
Page 10 and 11: 08—09 F Y 1 7 a t a glance 90.5%
Page 12 and 13: 10—11 O u r approach SUSTAINABILI
Page 14 and 15: 12—13 DEFINING OUR MATERIAL ISSUE
Page 16 and 17: 14—15 ENGAGING WITH OUR STAKEHOLD
Page 18 and 19: 16—17 HEALTH & SAFETY OF OUR PEOP
Page 20 and 21: 18—19 In FY17, key opportunities
Page 22 and 23: 20—21 Across our portfolio, vario
Page 24 and 25: 22—23 FY17 priorities and perform
Page 28 and 29: 26—27 NABERS ratings across our p
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Page 36 and 37: 34—35 P e r f o r m a n c e metri
Page 38 and 39: 36—37 Governance and risk KEY PER
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Page 42 and 43: 40—41 Percentage of individuals w
Page 44 and 45: 42—43 Financial performance and m
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