Landcom rank fourth in worldwide sustainability assessment
Government land organisation Landcom has received international recognition for its sustainability practices.
It placed fourth in the world and third across the Asia Pacific region in the 2018 Global Real Estate Sustainability Benchmark (GRESB) Developer Assessment.
According to its website, the GRESB is an “investor driven organisation assessing the sustainability performance of real asset sector portfolios and assets”.
The survey assesses environmental, social and governance management and implementation performance.
Landcom Chief Executive Officer John Brogden said it was the only government land organisation in the world to participate alongside publicly-listed and private companies in GRESB.
It received a score of 90 out of 100 with a maximum score in the social and governance aspects, compared to 76 last year, placing them in third behind Lendlease (fist) and Frasers (second).
The participant peer average was 67.
GRESB Head of Asia Pacific Ruben Langbroek said Landcom had shown strong demonstrative leadership in sustainable urban development.
“Through its projects, policies and processes, Landcom has shown a clear focus on material topics such as liveability, resilience, and environmental quality,” Langbroek said.
According to data provided by the GRESB, 903 property companies, real estate investment trusts, funds, and developers participated in the Real Estate Assessment, an increase of 6% on the previous year.
The assessment now covers more than 79,000 assets, across 64 countries and represents more than $USD3.6 trillion in gross asset value.
