21 Nov 2022

Last week we held our first of several planned intimate roundtable discussions with key property development clients on the important topic of ESG (Environmental, Social and Governance); and the need for the property sector to support actions aimed at achieving the core 2030 sustainability objectives.

ESG is recognised as the 3 pillars that characterise an organisation’s performance on their sustainable goals and legacies.

  • Environmental – impact on the planet
  • Social – impact on people, including staff and customers and the community
  • Governance – how an organisation is governed and are they transparent and accountable?

We know that Australia is committed to the achievement of the UN Sustainable Development Goals (SDG) and the Paris Agreement, but we will need to hasten progress if we are to meet the objectives by 2030. Both the SDGs and the Paris Agreement have 15-year achievement horizons, so time is running out!

The roundtable discussed the need to increase collaboration and cooperation between the government, the private sector and communities with the objective of transforming the existing system. 

We all recognise the need for actions that are supported by clearly articulated evidence-based ESG principles that embody a shared purpose and long-term perspective.

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The strong sentiment in the room was clear that regulation and policy was lagging and slowing the pace of innovation needed to achieve more rapid progress.  Additionally, we need to elevate the role of ‘economic stewardship’ in the formulation of government budget and industry policies, to enable the greater transformation.

Richard Gibbs, director says “it is pleasing to see that the Australian property sector is keen to work with the government and communities to increase the speed and scale of transformation towards more sustainable, fair and equitable outcomes.”

We are humbled for the opportunity to connect with our key clients and to introduce our ESG director, Annie Beaulieu . We appreciate the chance to discuss the potential to create a positive impact together, producing meaningful differences for a better future for generations to come.

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