Cedar Woods, a leading property developer, has reported on its environmental, social, and governance (ESG) progress and targets for the financial year ending June 2026. The company highlighted several key achievements and ongoing initiatives in its ESG report.
Material actions and disclosures
Cedar Woods achieved a staff satisfaction score of 86%, exceeding its target of 80%. The company also reported zero reportable incidents resulting in serious injury or fatality, demonstrating a strong commitment to work health and safety. Additionally, the company reported a 4% reduction in its annual corporate carbon footprint, aligning with its target to reduce emissions by 5%.
The company also made progress in its community engagement efforts, supporting 13 local clubs and community organizations across four states through grants totaling $47,000. Cedar Woods also continued its partnership with The Smith Family, a leading children’s education charity, to support disadvantaged young Australians.
Forward commitments
Cedar Woods aims to continue its focus on affordable housing, with a particular emphasis on Over-55s retirement and energy efficiency in its residential and commercial projects. The company also plans to enhance its cyber security posture and improve its digital governance through projects that will provide more timely reporting and increased automation.
Furthermore, Cedar Woods is committed to implementing its carbon reduction plan, including identifying and progressing emissions reduction initiatives across the business. The company also plans to utilize an emissions assessment methodology to assess development-related emissions across its broader portfolio, supporting future Scope 3 disclosure requirements.
Cedar Woods’ ESG report provides a comprehensive overview of its progress and future commitments, reflecting the company’s dedication to sustainable and responsible practices.