Sustainability

BWP is committed to acting responsibly and ethically and operating its business in a manner that is sustainable.

Overview

BWP recognises that sustainability considerations, including climate change, biodiversity, human rights, governance and stakeholder expectations, may influence the long‑term performance and resilience of its portfolio. BWP’s approach to sustainability is shaped by the nature of its business: long‑term
ownership of established commercial assets, a relatively modest direct operational footprint, and influence through portfolio decisions, tenant relationships and asset management practices.

BWP’s sustainability approach is practical, portfolio‑led and aligned to its strategy, with a focus on improving operational efficiency and reducing energy‑related emissions where commercially and operationally feasible, in so doing supporting the long‑term resilience of the portfolio in the transition to a low‑carbon economy.

This approach focuses on the areas where BWP has operational control, commercial influence or portfolio‑level responsibility, while recognising the nature of its portfolio, tenant relationships and role as a property owner.

Key sustainability metrics

80	Investment properties, all within Australia and predominantly in the large format retail sector.
259ha	Total land area.  BWP generally acquires established properties and developments that pass to BWP upon completion via acquisition. Other development work typically relates to the repositioning of a property where a vacancy has occurred, or a property is acquired adjacent to an existing asset for the purposes of expansion.
$3,961.8m	Portfolio value.
Net-zero1 2026 Limited Assurance Report	No Scope 1 emissions: BWP’s emissions footprint does not include Scope 1 emissions as its business activities do not directly release emissions into the atmosphere. BWP achieved an 19.6 per cent reduction in gross Scope 2 market‑based emissions across properties within BWP’s operational control boundary, from 148 tonnes CO2e in 2025 to 119 tonnes CO2e in 2026. BWP surrendered 149 Australian Carbon Credit Units to offset residual Scope 2 market‑based emissions during FY26, resulting in a net Scope 2 market‑based emissions position of zero.
2,622 mWh produced	In addition to the net-zero Scope 2 emissions position recorded for the year, solar production for the year ended 30 June 2026 was 2,622 mWh (30 June 2025: 2,091 mWh). The solar power produced is used by BWP’s tenants in common areas where BWP has some operational control, or fed back into the grid for use by other network customers. Assisted tenants (excluding Bunnings Warehouses) in reducing their emissions by 1,645 tonnes of CO2e through solar installations.
50	Solar power generation is installed at 69 properties owned by BWP (FY25: 61 per cent). A Tesla battery is installed at one property and collects surplus energy from the solar installation at the property.
90%	90 per cent of properties have water tanks in place for the recycling of roof-collected rainwater.
	BWP Group’s Board is 50% male and 50% female, senior management team is 75% male and 25% female, and the entire workforce is 64% male and 36% female.
0 injuries or deaths	Our safety performance record.

BWP reports Greenhouse Gas (‘GHG’) emissions in accordance with the:
> World Resources Institute World Business Council for Sustainable Development (WRI/WBCSD’s) GHG Protocol: A Corporate Accounting and Reporting Standard (revised edition);
> GHG Protocol Scope 2 Guidance: An amendment to the GHG Protocol Corporate Standard, National Greenhouse and Energy Reporting Act 2007;
> National Greenhouse and Energy Reporting (Measurement) Determination 2008, Clean Energy Regulator Voluntary market-based Scope 2 emissions guidelines; and > BWP’s Scope 2 Greenhouse Gas Emissions Reporting Basis of Preparation.

Reporting is confined to those aspects of the business over which BWP has operational control as defined within the GHG Protocol, which typically include emissions from electricity supplied to common areas (such as carpark lighting, fire pumps), and vacant properties where BWP is responsible for the power connection.

2025 Limited Assurance Reports can be found here. Prior years by request to irelations@bwptrust.com.au.