Climate risk and resilience
In 2020, we completed our first Task Force on Climate-related Financial Disclosures (TCFD) climate risk assessment of our key physical and transitional risks. Reviewed annually, the scenario-based assessment identified our most material climate risks as:
- Increasing temperatures and heatwaves
- Extreme precipitation events
- Windstorms (tropical and extra tropical)
- Severity of hailstorms
- Sea level rise.
To increase our resilience to these risks, we have:
- incorporated climate risk in our broader risk management framework
- established our 2030 science-based emission reduction targets
- worked with customers to increase the amount of solar PV installed on our properties
- regularly reviewed our sustainable building designs.
For more information, read our TCFD report.
Biodiversity plays a role in resilience
Goodman has a responsibility to do what it can to preserve and improve biodiversity across its global operations. Our ambition is to deliver resilient assets that support human health and value natural capital. Our preference for re-developing brownfield sites, and when needed, rehabilitating contaminated industrial environments, supports the circularity approach. It offers Goodman the opportunity to enhance the local environment and improve biodiversity as well as make other positive improvements.
Our work in this area is well underway. We’ve established urban forests in Belgium and Spain, linked wildlife corridors in Western Sydney, installed beehives in Germany, and expanded conservation areas at several of our sites – contributing to more sustainable developments.
To see more on how we’re taking action with sustainable properties, read our 2022 Sustainability report.