ISPT

Real Estate Investment Trust

Member of GBC Australia

140 assets

2,521,394 m2  total floor area

1,223  tCO2e portfolio carbon emissions

156 employees

ISPT invests in and develops commercial, retail, logistics, warehousing and residential property in Australia. They generate returns for their investors, which are some of Australia’s largest industry superannuation funds, and ultimately the 50% + of working Australians who have their retirement savings invested in property through ISPT. They achieved carbon neutrality in 2020.

 

1

Commit

Commit to owning, occupying and developing buildings that are net zero in operation and net zero in embodied carbon emissions by 2030, across portfolio properties within direct control.

2

Disclose

Measure and disclose operational carbon through energy consumption and carbon emission metrics to investors and tenants via annual voluntary and legal reporting frameworks including NGER, GRESB and ESG reports from FY2020. By 2030, ISPT will measure and disclose embodied carbon of development assets within direct control.

 

3

Act

Deliver on operational emissions through ISPT’s carbon neutral pathway, including energy efficiency measures through Continuous Improvement Program; on-site renewables through National Solar Rollout; and off-site renewables via Power Purchasing Agreements. Develop and implement plans to address embodied carbon emissions.

 

4

Verify

Verify asset level performance through third party certification schemes such as NABERS and Green Star and will undertake assurance of portfolio performance via third party auditors.

 

5

Advocate

ISPT will support the transition towards net zero carbon buildings by engaging with tenants, JV partners and external business partners, and advocating within wider property sector forums.

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