Goodman Group has outlined its long-term environmental targets and remuneration strategy, emphasizing sustainability and executive retention. The company aims to achieve 90% renewable electricity use in its industrial and logistics property operations by FY29, with a focus on reducing embodied carbon emissions and conducting biodiversity risk assessments by FY30.
Material actions and disclosures
Goodman has committed to measuring and making demonstrable efforts to reduce emissions for developments it controls or manages, reporting progress annually. The company also plans to conduct climate risk assessments on new acquisitions and developments from FY26, aiming to complete assessments on the existing portfolio by FY30.
Additionally, Goodman has set an occupancy rate target of 95% or higher to demonstrate appropriate use of resources.
Forward commitments
The company has announced that future long-term incentive plan (LTIP) awards will be made under a five-year structure, supporting executive retention and succession planning. The five-year LTIP continues to promote long-term decision-making and aligns with the interests of securityholders.
Performance rights will be subject to challenging operating EPS hurdles, requiring compound annual growth rates from FY26 to FY29. The company also aims to deliver relative TSR performance at or above the 90th percentile of the S&P/ASX 100 over a three-year period.