Goodman Group has outlined its environmental, social, and governance (ESG) commitments, focusing on targets for renewable energy use, climate risk management, and biodiversity assessment.
Material actions and disclosures
The Group aims to achieve 90% or higher renewable electricity use in its industrial and logistics property operations, incorporating the use of Renewable Energy Certificates (RECs) and other market-based mechanisms. Additionally, the company plans to measure and report on embodied carbon emissions for developments it controls or manages, aiming to reduce emissions and report progress annually.
Goodman also commits to maintaining public climate risk disclosures, which will be updated annually. From financial year 2026 (FY26), the company will conduct climate risk assessments for new acquisitions and developments, with a goal to make reasonable progress in completing such assessments on the existing portfolio by FY30.
Furthermore, the Group aims to make reasonable progress in conducting a biodiversity risk assessment by the end of FY30 to manage risks and opportunities associated with the natural environment.
Forward commitments
Goodman Group has outlined its forward commitments, including the maintenance of an occupancy rate of 95% or higher to demonstrate the utilisation of sites and appropriate use of resources.
The company also detailed its employment conditions, stating that participants in the Long-Term Incentive Plan (LTIP) must remain employees of Goodman Group on the relevant vesting date or leave under ‘Special Circumstances’ as defined in the LTIP rules.
These commitments reflect the company’s ongoing efforts to align its operations with ESG principles and regulatory requirements.