Arena REIT has achieved zero organisational and services scope 1 and 2 emissions for FY2025 and carbon neutrality for business operations and services in 2024-2025, alongside other significant ESG milestones. The company also installed solar renewable energy systems on 93% of its property portfolio and reduced Scope 3 emissions by 41%.
Material actions and disclosures
Arena REIT has achieved zero organisational and services scope 1 and 2 emissions for FY2025 and carbon neutrality for business operations and services in 2024-2025. The company also installed solar renewable energy systems on 93% of its property portfolio and reduced Scope 3 emissions by 41%. Additionally, Arena’s ‘Reflect’ Reconciliation Action Plan was formally endorsed by Reconciliation Australia.
Achieving a 6-star rating for organisational NABERS energy co-assessment and maintaining a portfolio occupancy of 100% and weighted average lease expiry of 17.5 years are further highlights of Arena’s ESG performance.
Forward commitments
Arena REIT is on track to achieve interim 2030 targets, including a 60-70% reduction in emission intensity. The company has completed a Sustainability Double Materiality Assessment to identify material topics and guide further development of its sustainability strategy. Arena also plans to maintain below 25% gearing and continue focusing on team culture, leadership, and development.
Achieving 100% of the FY2025 Sustainability Linked Loan margin discount and transitioning the CEO role in line with Arena’s internal succession plan are additional forward commitments.