Sustainability

Since we launched our Sustainability Strategy in FY21, we have taken the positive steps towards meeting our commitments.

Our Targets

Energy & Carbon

Achieve net zero carbon (scope 1 and 2 emissions) in our operations by FY30

Climate Risk

We believe in being transparent and climate prepared

Water & Waste

We believe in using and reusing all resources responsibly and efficiently

Essentially Local

Work together with The Smith Family to build strong, sustainable communities

Health & Wellbeing

Continually improve health and wellbeing of employees

Diversity & Inclusion

40:40:20 gender diversity target

Our Goals

Nature (Waste & Water)

We believe in using and reusing all resources responsibly and efficiently

Essentially Local

Work together with The Smith Family to build strong, sustainable communities

Energy & Carbon

Achieve net zero carbon (scope 1 and 2 emissions) in our operations by FY30

Diversity & Inclusion

40:40:20 gender diversity target

Water & Waste

We believe in using and reusing all resources responsibly and efficiently

Health & Wellbeing

Continually improve health and wellbeing of employees

Procurement

Have a positive impact on our supply chain

Transparency & Accountability

Dedicate sufficient resources to integrate ESG into the business and ensure employees and the Board are appropriately skilled to manage mandatory reporting requirements and evolving investor expectations

Our Targets

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Nature (Waste & Water)

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Climate (Energy & Carbon)

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Procurement

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Transparency & Accountability

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Region Group

Our Pathways

Expected to reach Net Zero (scope 1 & 2) target by FY30

Target to be achieved through operational decarbonisation, with no carbon credit purchased to date

FY16 to FY20

First Region Group Sustainability Strategy launched with 3 pillars

First solar PV project commenced at Griffin Plaza

2.4MW solar PV added through acquisitions

Commenced our first energy-efficient BMS project

FY21

0.2MW solar PV added to the portfolio

Launched our Sustainability Strategy with 6 pillars

Committed to net zero (Scope 1 and 2) by FY30

LED lighting project commenced

FY22

6.2MW solar PV generation capacity installed across 6 Western Australian centres

100% LED lighting installed in all centres

FY23

5.3MW solar PV generation capacity installed or under construction across 9 centres

0.8MW solar PV added through acquisitions

Commenced new embedded network roll-outs

Investigated the feasibility of large scale onsite electricity storage

FY24

7.9MW solar PV generation installed, under construction or in design across 13 sites

Continue embedded network roll-outs where solar PV is installed

Install LED lighting to new property acquisitions

Complete energy efficiency audit at Auburn Central

Reduced our consumption by 20% compared to FY19 on a like for like basis

FY25

Install at least 2.2MW solar PV generation capacity

Continue embedded network roll-outs where solar PV is installed 

Perform a review at our highest gas usage centres

Evaluation of the economic viability of installing batteries

FY26

25MW total onsite solar PV generation installed or construction commenced

Continue replacing HVAC and other systems to eliminate ozone-depleting R22 refrigerant at the end of useful life

FY27 - FY28

Commence electrification of our highest gas usage centres

FY30

Reduce 10% of gas through electrification by FY30

Net Zero Scope 1 and Scope 2 GHG emissions

FY30 - FY40

Eliminate all gas usage by FY40 by replacing plant at end-of-life with electric alternatives

Read about our Sustainability strategy, approach, and commitments

Our Transparency

Region Group operates in a transparent manner, and for the first time, we are publicly making commitments to the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD).

We will continue to operate transparently as we act and report our sustainability targets. Our sustainability targets and data are externally verified by sustainability consultancy Cundall. See the verification statement of the FY23 Sustainability Report for more information.