Company Interview / Net zero hero? Growthpoint banks on sustainability

Key points:

Growthpoint (ASX:GOZ) achieves operational net zero for scope one and two emissions Portfolio energy intensity reduced by 54% over five years Sustainability-linked loans represent nearly 66% of loan portfolio Continued focus on climate resilience, renewable energy, and electrification

Growthpoint Properties has achieved a significant milestone by reaching its operational net zero target for scope one and two emissions across its operationally controlled assets. Ross Lees highlights sustainability as a core aspect of Growthpoint, underscoring the release of its 10th sustainability report and the implementation of a comprehensive climate action plan. Measures include the installation of photovoltaic cells, now present at 18 sites, as well as the introduction of 80 EV charging stations. Lees points out the company’s commitment to climate resilience, focusing on assets’ resistance to environmental risks such as fire and flood.

According to Lees, over the past five years Growthpoint has reduced the energy intensity of its portfolio by approximately 54% through innovations such as lighting sensors, upgraded air conditioning systems, and a shift toward electrification. Renewable energy sources now play a significant role, complemented by initiatives to cut waste and water use. The company’s office buildings average a Neighbours score above five stars, reflecting strong sustainability performance.

Sustainability-linked loans now comprise nearly 66% of Growthpoint’s loan book, amounting to around $1.3 billion. Lees emphasises the continuing drive to expand solar coverage, further electrify infrastructure, and eliminate gas generation, reinforcing Growthpoint’s commitment to ongoing environmental improvement.