Embedding ESG across our business.

Managing opportunity and risk by integrating environmental and social value in our decisions. Demonstrating accountability and transparency.

Home ESG Governance

Embedding ESG across our business.

Managing opportunity and risk by integrating environmental and social value in our decisions. Demonstrating accountability and transparency.

Governance targets

ESG screening of all tenants and strategic suppliers

Supplier engagement on modern slavery

ESG integration into risk register and business strategy

Achieve and maintain a GRESB public disclosure rating of A

Become and maintain signatory membership to the UN PRI.

Achieve a five star rating from UN PRI

ESG performance and benchmarks

Dow Jones Sustainability Index (DJSI)

The DJSI Australia is composed of sustainability leaders as identified by S&P Global through the Corporate Sustainability Assessment (CSA). The index represents the top 30% of companies in the S&P/ASX 200 based on long-term economic, environmental, and social criteria. For further information, refer to the DJSI Australia website.

Cromwell has been included on the Dow Jones Sustainability Australia Index for the first time in 2022, one of only eight property companies in Australia to achieve this.

CDP

CDP is a global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. It is fully aligned to the recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD). Over 18,700 companies and investors representing US$130tn in assets report through CDP on climate change, water security and forests.

In 2022 Cromwell achieved a B score, outperforming our sector average, as well as the Oceania and the global averages.

Global Real Estate Sustainability Benchmark (GRESB)

The GRESB Real Estate Assessment is an investor-driven global ESG benchmark and reporting framework to validate, score and benchmark ESG performance data. Cromwell has improved or maintained its GRESB scores for its key funds each year since first undertaking the assessment in 2017.

Our 2023 results are listed below.

NABERS Sustainable Portfolios Index (SPI)

The NABERS Sustainable Portfolios Index (SPI) showcases leading property portfolios across Australia according to their NABERS ratings and percentage of portfolio rated. The SPI is globally unique in that it provides a public, whole portfolio view of actual performance in terms of emissions and water usage, and it tracks progress over time. For more information on NABERS: https://www.nabers.gov.au/portfolio

Cromwell Direct Property Fund results

A rating of 5.5 in energy performance, ranking 3rd best office portfolio overall in Australia and the highest ranked geographically diversified office property fund in Australia.

A rating of 4.7 in water performance, ranking equal 8th in Australia.

Cromwell Diversified Property Trust results

A rating of 5.4 in energy performance, ranking 4th best office portfolio
overall in Australia.

A rating of 4.8 in water performance, ranking equal 7th in Australia.

Strategy and Reports

Cromwell FY24 ESG report

Download the Cromwell ESG Report

CEREIT 2023 Sustainability Report

Download the CEREIT Sustainability Report

Corporate policy, frameworks and statements

Sustainability-related Disclosures

Task Force on Climate-related Financial Disclosures (TCFD)

Modern Slavery Statement

Select an option

Corporate policy, frameworks and statements
Sustainability-related Disclosures
Task Force on Climate-related Financial Disclosures (TCFD)
Modern Slavery Statement

Corporate policy, frameworks and statements

Below are ESG-related policies, frameworks and statements. Please visit our Corporate Governance page for corporate governance policies and reports

Diversity & Inclusion Policy

ESG Policy

Modern Slavery Statement

Second-Party Opinion Cromwell Sustainable Finance Framework

CDP Climate Change Questionnaire 2023

Sustainable Finance Disclosure Regulation (SFDR)

The statements adjacent are applicable only to Cromwell’s business in Europe and related to the technical disclosures under the EU Sustainable Finance Disclosure Regulation.

SFDR Article 4 Disclosure – no consideration of adverse impacts of investment decisions on sustainability factors SFDR Articles 3 and 5

Task Force on Climate-related Financial Disclosures (TCFD)

The Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD recommendations www.fsb-tcfd.org) were published in June 2017 with the objective of establishing a voluntary framework for disclosing an organisation’s climate-related financial risk.

By providing a consistent reporting approach, financiers, investors, insurers and other stakeholders are able to understand an organisations material climate-related risks, the financial implications of the risks and the approach being taken to manage them.

Cromwell has been reporting for a number of years on its actions to improve the performance and quality of its assets, reduce emissions and increase efficiency and resilience. We recognise the potential risks and opportunities arising from climate change and a transition to a low-carbon economy.

The Cromwell TCFD Statement can be found in the Annual Report. It summarises Cromwell’s approach to managing the risk from climate change, across the Australian directly owned and funds management business and the current process of alignment across the European operations. In adopting the TCFD recommendations, we are committed to review and evolve our reporting to support effective disclosure.

TCFD Statement

Modern Slavery Statement

Cromwell acknowledges the role and responsibility it has in generating awareness and implementing steps to uphold human rights and minimise the risk of modern slavery practises in its operations and supply chains.

In previous years, we prepared and lodged two separate statements for our Australian and European businesses. In FY23 we have produced one Group statement, which describes our approach to assessing and addressing the risks of modern slavery across our entire platform.

Group Modern Slavery Statement

Sustainable Finance Framework

Cromwell Property Group has developed its Sustainable Finance Framework to support and provide transparency to Cromwell’s commitment to fund low carbon, efficient and resilient buildings that meet the ESG ambitions of Cromwell and its suppliers and customers through the use of sustainable debt instruments.

Download the Framework

Embedding ESG across our business.

Governance targets

ESG performance and benchmarks

Strategy and Reports

Corporate policy, frameworks and statements

Sustainability-related Disclosures

Task Force on Climate-related Financial Disclosures (TCFD)

Modern Slavery Statement

Select an option

Corporate policy, frameworks and statements

Sustainability-related Disclosures

Task Force on Climate-related Financial Disclosures (TCFD)

Modern Slavery Statement

Corporate policy, frameworks and statements

Sustainable Finance Framework

Sustainable Finance Framework in action

Previous Sustainability Reports

Data packs