Goodman Sustainability Report 2023
Performance highlights
FY23
PERFORMANCE
HIGHLIGHTS
Goodman takes a holistic approach to sustainability across our value chain, with our financial and operational performance linked to the long-term sustainability of our business for our customers, investors, people and communities.
FINANCIAL
OPERATIONAL
SUSTAINABILITY
$
0
BN
Operating profit1
$
0
BN
TOTAL ASSETS UNDER MANAGEMENT
SBTI
Science-based targets
Emissions reduction targets in place and validated by the SBTi7
$
0
c
OPERATING EARNINGS PER SHARE2
$
0
BN
Development work in progress
0
MW
TOTAL SOLAR INSTALLATIONS & COMMITMENTS
Approximately 75% towards our 2025 400MW global solar PV target
$
0
BN
Statutory profit3
0
%
Occupancy6
AA
MSCI ESG RATING
Achieved ESG rating of ‘AA’ from MSCI and a ‘Negligible’ risk rating from Sustainalytics
0
%
Gearing4
0
%
NPI growth6
CARBON
CARBON NEUTRAL OPERATIONS
On track to remain certified as a Carbon Neutral Organisation
$
0
BN
Available liquidity5
$
0
BN
Revaluation gains
$
0
M
Charity contributions
Contributions from the Goodman Foundation and Goodman team
FINANCIAL
$
0
BN
Operating profit1
$
0
c
OPERATING EARNINGS PER SHARE2
$
0
BN
Statutory profit3
0
%
Gearing4
$
0
BN
Available liquidity5
OPERATIONAL
$
0
BN
TOTAL ASSETS UNDER MANAGEMENT
$
0
BN
Development work in progress
0
%
Occupancy6
0
%
NPI growth6
$
0
BN
Revaluation gains
SUSTAINABILITY
SBTI
Science-based targets
Emissions reduction targets in place and validated by the SBTi7
0
MW
TOTAL SOLAR INSTALLATIONS & COMMITMENTS
Approximately 75% towards our 2025 400MW global solar PV target
AA
MSCI ESG RATING
Achieved ESG rating of ‘AA’ from MSCI and a ‘Negligible’ risk rating from Sustainalytics
CARBON
CARBON NEUTRAL OPERATIONS
On track to remain certified as a Carbon Neutral Organisation
$
0
M
Charity contributions
Contributions from the Goodman Foundation and Goodman team
- Operating profit comprises profit attributable to Securityholders adjusted for property valuations, derivative and foreign currency mark to market and other non-cash or non-recurring items.
- Operating EPS is calculated using operating profit and weighted average diluted securities of 1,890.7 million which includes 12.1 million LTIP securities which have achieved the required performance hurdles and will vest in September 2023 and September 2024.
- Statutory profit includes the Group’s share of property valuations, derivative and foreign currency mark to market and other non-cash or non-recurring items.
- Gearing is calculated as total interest bearing liabilities over total assets, both net of cash and the fair values of certain derivative financial instruments included in other financial assets of $81.7 million (30 June 2022: $133.3 million). Total interest bearing liabilities are grossed up for the fair values of certain derivative financial instruments included in other financial liabilities of $34.2 million (30 June 2022: $79.6 million).
- Includes available liquidity across the Partnership platform, comprising equity commitments, cash and undrawn debt. Partnership investments are subject to Investment Committee approval.
- Partnership industrial and warehouse assets (excludes office properties which have been earmarked for redevelopment) and represents 95% of Partnership assets.
- Science Based Targets initiative, https://sciencebasedtargets.org/.