Statement on ESG Reporting Indices
Mirvac’s This Changes Everything sustainability strategy prioritises transparent governance and we are committed to being a trusted owner and developer.
Mirvac’s This Changes Everything sustainability strategy prioritises transparent governance. We are committed to being the most trusted owner and developer, and to being transparent around our employee engagement (as a lead indicator for issues around risk culture, fair remuneration, safety, diversity and more).
In addition, we report transparently to a range of ESG performance indices, which benchmark us both within and outside our industry, on topics spanning the breadth of environment, social and governance.
These have included the UN Principles for Responsible Investment (UNPRI), the Global Real Estate Sustainability Benchmark (GRESB), the Global Reporting Index (GRI), the National Greenhouse and Energy Scheme (NGER), the London Benchmarking Group (LBG), the Dow Jones Sustainability Index (DJSI) and the Carbon Disclosure Project (CDP). In addition, we respond and clarify our performance through MSCI and Sustainalytics.
In light of the significant risks associated with climate change, and our strong focus in this area, we will now also report under the Task Force on Climate-related Financial Disclosures (TCFD) framework, beginning this year, and incorporate it meaningfully throughout Mirvac governance processes.
To ensure a continued balance of resources between the delivery of our sustainability initiatives and reporting on their outcomes, the Group has decided to pause reporting to DJSI and CDP for two years with a further review to follow, to allow for the proper integration of TCFD into Mirvac.
In addition, we will also look to provide more ESG data where it is directly accessible to investors on our website, and continue to make ourselves available to investors for specialised or general briefings.
Note that our reporting to UNPRI, GRESB, GRI, NGER and LBG remain unchanged.