Rest Direct Property Holding TrustDirect Property Holding Trust - Superannuation Fund
Member of GBC Australia
124,912 m2 total floor area
8,472 tCO2e portfolio carbon emissions
Rest is one of Australia’s largest profit-to-member industry superannuation funds with approximately A$ 60 billion in funds under management as of 31 December 2020. Their mission is to help members achieve their personal best retirement outcome. To achieve this, REST supports actions for a better, fairer, and more sustainable future.
Commit to only owning assets that are net zero carbon in operation by 2030,achieving maximum reductions in embodied carbon for any new developments or major renovations and compensating for any residual upfront embodied carbon by 2030, where appropriate.
Measure and publicly disclose energy consumption plus scope 1 & 2 operational carbon emissions data using internationally recognised reporting standards for Rest's direct property portfolio. Including whole life carbon emissions for assets within portfolio by 2030.
Achieve a minimum 5 to 5.5 stars NABERS energy rating for all new and existing buildings, seek to transition to fully electrified assets powered by renewable energy, and offset residual emissions through quality carbon offsets. Achieve maximum emissions reductions throughout the life cycle of new and renovated assets.
Verify energy consumption and emissions data for each asset via third party certifications such as NABERS and Green Star Performance. Verify prevention strategies and WLCA calculations, and offsets to address embodied carbon, where appropriate by 2030.
Promote the Net Zero Carbon Buildings Commitment and pathways to achieving these goals to stakeholders including tenants, Rest members and the wider property investment industry.