Our ESG Approach
We share a commitment to align our Environmental, Social and Governance approach (ESG) with Blackstone’s global ESG framework and the United Nations’ Sustainable Development Goals. Together, we are committed to making a positive impact on the communities in which we operate across Australia and New Zealand.
Proactively seeking energy, water and waste efficiencies across our portfolio helps reduce our environmental footprint and achieve significant cost savings, and also adds value across the life cycle of a real estate asset.
We are proud to use the Green Building Council of Australia’s Green Star and NABERS rating as frameworks to guide our commitment to environmental sustainability.
We aim to reduce our environmental impact through the implementation of operational and technical improvements that reduce our assets environmental footprint and improve efficiencies across our portfolio.
Our environmental pillars:
We understand the importance of supporting our people’s physical and mental wellbeing and giving back to local communities.
Our social pillars:
Guided by our value of accountability, 151 Property is committed to ethical business practices, operational excellence and ensuring the health and safety of our team and the people that occupy our spaces.
Our governance pillars:
ESG in action
Building a Better Future at Grosvenor Place
Our office asset, Grosvenor Place has undergone a significant transformation to improve its use of resources and commit to carbon neutrality.
Since 2022, the office asset has been powered by 100% clean energy, with 5000 tonnes of CO2 emissions saved through a 44kW solar panel array onsite. LED Lighting has been installed throughout tenancies to provide industry-leading power densities (4W/sqm). We have worked with building occupiers to install smart meters to accurately monitor the building’s water and energy usage as we work towards our resource efficiency targets.
In 2022, Grosvenor Place diverted 40 tonnes of food waste from landfill through an in-house dehydrator and welcomed some new tenants – 60,000 bees across two beehives, installed in partnership with Rooftop Bees, to help increase Australia’s healthy bee population.
Reducing Energy Consumption at 1 York Street
With some amenities in 1 York Street nearing the end of their expected lifespan, 151 Property engaged Nutbrook Group to identify what was needed to improve the building’s efficiency and services. Following the strategic review, we commenced an overhaul of the building’s mechanical services, replacing its boilers and chillers and upgrading the air delivery system and building controls.
The mechanical works package, scheduled to complete mid 2022 has already delivered a 4.5 star NABERS Energy rating and is estimated to reduce energy consumption between 40-48% and significantly improve the comfort and experience for occupiers.
Going Unpackaged in Build-to-Rent
Our Build-to-Rent sector is committed to building sustainable communities that positively impact the environment. To help reduce our assets’ environmental footprint, we have partnered with Unpackaged Eco – a Melbourne-based zero-waste company which offers customers a new way to shop without packaging.
We are proud to launch Unpackaged Eco’s automatic dispensers of Australian made, natural, eco-friendly household products in our first Build-to-Rent asset, 36 Lambert, and look forward to rolling these out across our Build-to-Rent network.
Helping Protect NZ Waterways
In 2021 our NZ team took part in a tree planting conservation project along the Papakura River in Brookby, Auckland. The project formed part of the Government’s plan to clean up NZ waterways, which have been polluted by farm run off.
Our NZ Portfolio Manager Ryan Carter and Asset Manager Benjamin Twigden, together with six representatives from our NZ office portfolio property manager Bayleys Property Services, joined 22 other volunteers to plant over 1200 trees! The team planted enough trees to absorb 9,240kg of CO2 per year! Importantly, this equates to offsetting 10% of the annual energy consumption of one of our office assets.