Property investment leads in sustainability

14 December 2021

LGIAsuper and Energy Super asset manager Dexus has been recognised as a leader in sustainability in the GRESB 2021 Real Estate Assessment. 

Dexus was amongst 1,520 property companies, real estate investment trusts, funds and developers that were measured against a benchmark for environmental, social and governance (ESG) performance.

Dexus Wholesale Property Fund (DWPF), into which LGIAsuper and Energy Super has invested $155 million, achieved Regional Sector Leader for Oceania diversified office/retail entities for a third consecutive year. 

Fiona Mann, responsible for ESG investing at LGIAsuper and Energy Super, said DWPF aligns with the fund’s commitment to integrating ESG as well as investing in assets locally where members live and work.

“Not only is DWPF a sustainable investment partner that champions ESG, but our members would also be quite familiar with a number of the fund’s properties, such as Waterfront Place Complex 1 Eagle Street, 12 Creek Street, and 480 Queen Street in Brisbane just to name a few,” Ms Mann said.  

DWPF’s 2021 assessment received a score of 94/100, exceeding the peer average score of 87 points and ranked in the top 20% of all GRESB participants globally. Dexus continues to perform strongly on environmental measures as well as receiving perfect scores across governance metrics to retain its 5 Star rating. 

Dexus Executive General Manager David Yates said the fund integrates ESG principles to address environmental challenges. 

“Our goal to achieve net zero emissions by 30 June 2022 sends a clear message that we want to be a part of the solution,” Mr Yates said.

“Our sustainability performance plays a key role in delivering on our purpose of creating spaces where people thrive – ensuring we deliver sustained value for our investors, customers and employees.”

For more information on the fund's investment strategy, please visit www.lgiasuper.com.au or www.energysuper.com.au.