Sustainability

We aspire to be a world-leader in creating sustainable workplaces, residences and shopping centres that drive value for our partners, customers, communities, the environment and our members.

Cbus Property takes a holistic approach to sustainability that is integrated into our development and investment strategies, systematically adopting the highest environmental, social and ethical standards for the development and management of our buildings.

Cbus Property is responsible for the strategic performance and management of the entire Cbus direct property investments business — with responsible investments across the commercial, retail, residential and mixed-use sectors.

Sustainability strategy

We focus on the most material matters to ensure we add value to our business and to our stakeholders our members, our customers and the community.

Cbus Property’s sustainability strategy focuses on 12 key focus areas grouped into three broad themes:

 

Better Buildings — Creating and managing world-leading buildings. Delivering positive outcomes for the environment, our communities, our suppliers, our customers, our tenants and our members.

Future Ready  Being ready to tackle the opportunities and risks of the future. Implementing robust systems that future-proof our investments and therefore safeguard the long-term value of our business.

Investing in People  Creating healthy, happy and inclusive communities for people to work and live.

 

Developing and managing buildings

Cbus Property occupies an enviable position within the Australian property industry as one of only a select few landlords who actually design and develop all of the buildings within their office portfolio.

Our extensive experience and technical expertise ensure buildings are actively developed and managed, in order to operate at their optimum level. The seamless alignment of our resources across our development and management business drives design innovation that delivers best-practice sustainability outcomes.

Sustainability developments

Cbus Property is continually evolving our sustainable design philosophy and looking to design the next generation of sustainable buildings, with the aim of delivering world-leading sustainable residential, retail and office projects, making them net zero carbon, healthy and resilient for the future.

Exceptional sustainable design is at the forefront of all of our new projects, whether commercial office, retail, mixed-use or residential.

Cbus Property takes a considered and long-term approach, investing in the highest levels of sustainable design, and this has created one of the most sustainable office portfolios in Australia.

Design Targets

Our aspirational sustainable design targets are:

  • 6 Star Green Star Design & As Built certification
  • Platinum WELL certification
  • 5.5 star NABERS Energy design
  • 7.5 star average NatHERS rating (residential)
  • 90 per cent reuse or recycling of materials from construction and demolition
  • 100 per cent of projects to have Climate Risk Assessments
  • Designed to achieve net zero carbon in operation

 

Sustainable Investment Management

Cbus Property aligns our management teams with our development teams during the design and development process to ensure that all the operational and post-completion sustainability expertise are applied to each new design. This allows every possible enhancement of value to be applied to not only the design, but also the manner in which the buildings will be ultimately managed.

Cbus Property’s sustainability program has been integrated systematically into the way we manage our investments. We use a portfolio-wide approach to set standards and targets and rely on our experienced on-site management teams to implement our sustainability program and achieve the highest sustainability standards.

Office Portfolio Targets

It is our mission to create the world’s most sustainable commercial office portfolio and we have set some ambitious targets to deliver by 2025:

  • Net zero carbon by 2022
  • NABERS Energy 6 stars average
  • NABERS Waste 6 stars average
  • NABERS Water 5 stars average
  • NABERS Indoor Environment 6 stars average
  • Green Star Performance 6 stars average
  • NatHERS rating (residential) 5 stars average
  • Platinum WELL Portfolio
Note: We are currently in the process of developing retail portfolio targets.

Innovation

We continually seek creative solutions to all aspects of our buildings’ operational, aesthetic and occupancy elements, actively driving the innovation process to absorb any new available technology or occupancy trends to accommodate not only the performance requirements of the Cbus Property brand, but also those occupancy expectations of our tenants. This ensures that Cbus Property is delivering the places of the future for our office and residential occupiers.

Sustainable Finance Framework

Cbus Property’s Sustainable Finance Framework (SFF) outlines how the company intends to issue and manage sustainable finance instruments to support the delivery of its development pipeline and underpin its investment portfolio.

It has been independently verified by Ernst & Young, through a limited assurance process to ensure alignment with best practice standards, including the voluntary guidelines issued by the International Capital Market Association (ICMA), Loan Markets Association (LMA), Asia-Pacific Loan Market Association (APLMA) and the Climate Bonds Initiative (CBI).

Please find a copy of Cbus Property’s Sustainable Finance Framework here.

Sustainability awards

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Reconciliation Action Plan

OUR RECONCILIATION ACTION PLAN

Cbus Property has distinct advantages and special responsibilities that we bring to our reconciliation journey. As one of Australia’s leading integrated property investors and developers, our business is indelibly associated with the land on which our projects sit, and the histories of the First Nations peoples who have been Custodians of this land for millennia.

As a large employer of highly skilled, highly valued jobs, we can provide economic opportunities for Aboriginal and Torres Strait peoples and help them build wealth for retirement. We can also use our considerable procurement power to support First Nations businesses.

Our RAP has been developed to contribute towards several strategic objectives, including:

  • Business strategy: Our commitment to ‘build a legacy by creating exceptional properties and places’ is dependent on respectful and inclusive relationships with First Nations peoples.
  • Sustainability strategy: Our vision to be a world leader in sustainable development and investment is underpinned by excellence in social sustainability, with key focus areas of reconciliation, human rights, diversity, inclusion and human engagement.
  • People strategy: Creating an inclusive workplace, where people feel engaged, committed and that they belong, is a key principle of our People strategy. Our RAP will deliver a program focused on creating an inclusive workplace that addresses the needs of Aboriginal and Torres Strait Islander peoples.


A message from our Chief Executive Officer, Adrian Pozzo:

Cbus Property’s purpose is to build a legacy by creating exceptional properties and places. We do this to help grow the retirement savings of more than 910,000 Australians, while also creating jobs and adding long-term value to the economy.

We acknowledge that our legacy is infinitesimal in comparison to the 65,000-plus years that Aboriginal and Torres Strait Islander peoples have lived on this land called Australia. But we also recognise, as one of Australia’s largest integrated property developers and investors, we have a powerful role to play in building a future that is equal, respectful and inclusive of First Nations cultures and peoples.

Our commitment to reconciliation began in 2017, with the launch of our joint Reconciliation Action Plan (RAP) with our parent company, Cbus Super.

This RAP helped us to set targets, start new conversations and establish valuable partnerships. We are now proud to launch our own standalone RAP. This recognises the distinct advantages and special responsibilities that Cbus Property brings to our reconciliation journey.

Australia’s property and construction industry is one of the nation’s largest employers, accounting for approximately 10 per cent of the workforce. Cbus Property is a creator of highly skilled, highly valued jobs – through our own sites and through our supply chain – and we provide economic opportunities for First Nations peoples that strengthen communities and build wealth for retirement. We can also use our considerable procurement power to support First Nations businesses.

Throughout the next 12 months, our Reflect RAP will guide our activities as we work collaboratively with First Nations peoples to enhance our cultural competency and build culturally safe workplaces, strengthen existing relationships and forge new partnerships. In doing so, we will connect with our purpose and create value for our members.

The referendum on the Voice to Parliament strengthened our ongoing commitment to reconciliation and the role businesses can play on the road to reconciliation. Cbus Property will continue to play our part and support this journey. We believe that listening to the voices of First Nations peoples and learning from their vast knowledge and experiences can help us to build a stronger and more sustainable nation. Our Reflect RAP outlines our enduring commitment to listen and learn.

Cbus Property – Reflect Reconciliation Action Plan

Overview
Sustainability strategy
Sustainability strategy
Developing and managing buildings
Sustainability developments
Sustainability Performance
Sustainability Performance
Sustainability Performance
Sustainability Reports
Sustainable Finance Framework
SUSTAINABILITY AWARDS
RECONCILIATION ACTION PLAN
CONTACT