Abacus Property Group – Sustainablity Report 2018

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04—05 Managing D irector ’s message “It remains our intention to continue to make sustainability improvements across the Abacus Group. In conjunction with our enhanced reporting system, we have set strong sustainability commitments across a range of functions for FY19 and beyond. Our purpose is to support growth across the business by recognising that we have responsibilities to all our stakeholders and the environment in which we operate.” Image: Steven Sewell Managing Director
Welcome to our FY18 Sustainability Report, highlighting our progress and achievements made over the year. Abacus is one of Australia’s leading diversified real estate groups with $2.7bn of total assets under management. As we grow, we continue to improve our systems and practices, ensuring our stakeholders understand our commitment and approach to sustainability. Sustainability in all its forms, including environmental and community, is now deeply entrenched within the decision making process across the Group and receives the appropriate focus from all levels of management. We are proud of our efforts. This report demonstrates our commitment to a range of functions including: resource and financial management; engagement with our stakeholders (inclusive of our employees, tenants and communities); health and safety; and our governance and risk frameworks. Our reporting framework has been prepared in accordance with the Global Reporting Initiative (GRI). From an Environmental perspective, we continue to make progress in reducing our greenhouse gas emissions, energy consumption and water consumption and have recorded a 25% decrease in total energy consumption compared to our FY16 baseline. We have a strong commitment to our people and focus on providing a safe, healthy and constructive work environment. Following the implementation of our Work Health and Safety Strategic Plan we have delivered significant improvements in our performance. Training hours completed across the Group have increased and we have seen further reduction in the severity rate of incidents to 1.0%. Our inaugural FY18 People Engagement Survey attained an 83% participation rate. The level of employee engagement (as measured by motivation for discretionary effort and intention to stay) was extremely positive overall. The feedback gained from this survey is shaping the development of our People and Culture Strategy with key areas of focus being working flexibly and alignment of our vision, values and capabilities with the Abacus strategy. Our ongoing corporate philanthropic committee continues to facilitate integration between Abacus and the wider communities in which we operate. We continue to pursue our community partnerships and are pleased to report an increase in the participation rate of Abacus employees in philanthropic activities. During the year, we made further improvements in Diversity and Inclusion. Pleasingly, we achieved several key Board approved objectives including; increasing female representation on the Board; and satisfying our target of 30% female new hires to the Group. Championed by our Chairman John Thame, Abacus is now a member of the 30% Club Australia, with over 30% female representation on our Board. Abacus also became a member of The Property Council of Australia 500 Women in Property Program, with three female employees currently participating. Our targets for FY19 have been broadened and include a focus on flexibility, training and pay equity. Steven Sewell, Managing Director ABACUS PROPERTY GROUP | SUSTAINABILITY REPORT 2018
Page 1: Abacus Property Group SUSTAINABILIT
Page 4 and 5: 02—03 Contents MANAGING DIRECTOR
Page 8 and 9: 06—07 About us Retail Office Indu
Page 10 and 11: 08—09 F Y 18 at a glance Worker s
Page 12 and 13: 10—11 O ur approach Sustainabilit
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 and safety of our pe
Page 20 and 21: 18—19 Health and safety initiativ
Page 22 and 23: 20—21 Tenant attraction, engageme
Page 24 and 25: 22—23 14 MARTIN PLACE, SYDNEY (Ab
Page 26 and 27: 24—25 G overnance and risk Why is
Page 28 and 29: 26—27 Responsible resource manage
Page 30 and 31: 28—29 NABERS rating across our pr
Page 32 and 33: 30—31 FY18 priorities and perform
Page 34 and 35: 32—33 Employee engagement and mot
Page 36 and 37: 34—35 G R I index GRI STANDARD DI
Page 38 and 39: 36—37 Performance metrics Health,
Page 40 and 41: 38—39 Governance and risk KEY PER
Page 42 and 43: 40—41 Energy consumption KEY PERF
Page 44 and 45: 42—43 Percentage of individuals w
Page 46 and 47: 44—45 Employee engagement and mot
Page 48: Abacus Property Group Level 34 Aust

Abacus Property Group – Sustainablity Report 2018

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