CQR Retail REIT has adopted Charter Hall’s climate strategy and governance framework, focusing on transitioning assets to renewable energy and reducing emissions. The company continues to demonstrate strong environmental performance, achieving a 5.0 star NABERS Energy rating and an 8% increase in waste diversion from landfill. CQR has also installed 19.5MW of onsite solar and 15.4MWh of battery capacity across its portfolio, and has committed to delivering Net Zero emissions by 2050 and a 50% reduction in Scope 3 downstream tenant emission intensity by 2030.
Material actions and disclosures
CQR has a dedicated team of 10 employees who lead sustainability initiatives across Charter Hall. The company has partnered with Two Good Co. to invest $595,000 in school holiday activations and a cookbook giveaway campaign, supporting more than 850 hours of volunteering and funding over 1,000 care packs for children in need. CQR has a Modern Slavery Statement and has adopted the Australian Modern Slavery Act 2018, and also has a Code of Conduct and Whistleblower Policy in place.
Forward commitments
CQR aims to achieve Net Zero emissions by 2050 and reduce Scope 3 downstream tenant emission intensity by 50% by 2030. The company will continue to invest in initiatives that support operational efficiency and portfolio resilience, maintain NABERS ratings, and partner with Two Good Co. for community engagement. CQR will also continue to integrate ESG performance into day-to-day operations and mitigate financial risks through its Treasury Risk Management Framework.
CQR’s sustainability approach is informed by the United Nations Sustainable Development Goals (UN SDGs) and the United Nations Global Compact (UNGC). The company is aligned with Charter Hall’s approach to climate-related reporting requirements under the Australian Sustainability Reporting Standards (AASB S2).