BWP TRUST ANNUAL REPORT 2015
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BWP TRUST ANNUAL REPORT 2015
SUSTAINABILITY
During the year the Trust continued to imbed its sustainability principles in all aspects of how it does business,
in particular, the assessment of new property acquisitions, choices on materials utilised, and consideration of
opportunities to improve the energy efficiency of its property assets.
OUR SUSTAINABILITY PRINCIPLES, PROGRESS AND PRIORITIES
The Trust is committed to acting responsibly and ethically, and
operating its business in a manner that is sustainable. Principles
based on the United Nations Principles for Responsible Investment,
have been developed for incorporating environmental, social and
governance (“ESGâ€) issues in to how the Trust conducts its business,
and are embedded in policies, practices and processes.
The Trust’s approach takes into account the size and nature of the
Trust’s operations and the relatively modest actual or potential
impacts on the environment and society.
Environmentally, the Trust’s ownership and management of
established commercial property is considered to be low in
intensity in terms of emissions, waste, and use of energy and
materials, and low impact on biodiversity.
Social and governance impacts are limited due to the passive
nature and localised scope of the Trust’s operations and the
regulated environment in which it operates.
SUSTAINABILITY
PRINCIPLE
PROGRESS DURING
THE YEAR
FUTURE
PRIORITIES
Pro-active
management
of existing assets
All investment proposals put to the board during the year
expressly considered ESG issues
Continue to refine and develop ESG
assessment criteria for investment analysis
and decision making
ESG in asset
ownership and
resource use
Roof access and safety improvements completed for the
Hoxton Park and Coburg properties, improving the safety
and amenity of people having to access the roof areas
and helping to maintain the longer-term condition of the
properties
A further 15 air conditioning units were replaced to phase
out ozone depleting models and initiatives introduced to
improve efficiency of air conditioning units
All new stores developed or acquired by the Trust were
equipped with a water re-cycling capability, with built in
tanks to capture roof water run-off, and also LED lighting in
car parks and nursery areas
Continue programme for phasing out ozone
depleting air conditioning
Assess opportunities to roll back energy
efficient LED lighting into existing buildings,
and also roof based solar panels as cost
effective technology becomes increasingly
available
Customer
and supplier
engagement
Continue dialogue with Bunnings regarding its
sustainability initiatives, particularly in relation to reducing
energy consumption through the upgrade of lighting in
existing stores to energy efficient LED technology
Continue to engage with the Trust’s customers
in relation to sustainability initiatives,
particularly LED lighting, and solar energy
capture
ESG reporting
Responded to the 2015 Carbon Disclosure Project survey Broaden scope of ESG disclosure to other
relevant and material topics
Build
knowledge and
understanding
Ongoing education of the management team in property
related sustainability matters
Focus on the energy efficiency aspects of LED
lighting and solar roof panel technology
Further detail on the Trust’s approach to sustainability is available in the Sustainability section, under the About Us tab, of the Trust’s website.
BUSINESS REVIEW
