Sustainable properties

Goodman’s sustainably designed, energy-efficient and well managed properties are strategically located to meet the business, health and wellbeing needs of our customers.

We collaborate with our customers to provide the properties they need today with the resilience to withstand the challenges of tomorrow. 

Our preference is to develop existing brownfield sites in strategic locations. This means our customers can be close to transport infrastructure and consumers, and it’s an opportunity for us to rejuvenate brownfields into modern and sustainable business precincts. 

Our buildings are designed to be energy efficient. To help our customers reduce their emissions and to reduce the demand on electricity grids, we continue to build capacity to generate clean energy at our properties through solar PV installations.

We’ve also started to measure the embodied carbon emissions of our developments and collaborate with our supply chain partners to integrate lower-carbon materials and designs into our future sustainable developments. 

Taking the next step after carbon neutrality – setting science-based targets

Reducing our carbon emissions is vital on the path to a low carbon future. 

We work to maintain our carbon neutral status for our global operations using the Climate Active Carbon Neutral Standard. Decarbonising our embodied emissions and designing for efficiency through the building’s lifecycle in our development projects is our next challenge.  

We have developed 2030 global greenhouse gas (GHG) emissions reduction targets aligned with a 1.5°C pathway and validated by the Science Based Targets initiative (SBTi) that include scopes 1, 2 and 3 emissions. More information on Goodman’s SBTs can be found in our 2022 Sustainability Report.

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.