Goodman Group 2021 Sustainability Report
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Global greenhouse gas emissions

Goodman Group’s global greenhouse gas emissions for FY21 have been calculated at just under 53k tCO2-e. Our emissions are calculated using the GHG Protocol and include emissions generated from activities under Goodman’s direct operational control across our global business.

GHG Scope Emissions Source tCO2-e
Scope 1 Natural Gas
Fuels
Refrigerants
1,045
898
198
Scope 2 Electricity 38,419
Scope 3 Other indirect emissions 12,308
Total   52,867

 

Emissions are reported under three different scopes.

  • Scope 1: Direct emissions from owned or controlled sources, such as fuels and refrigerants. 
  • Scope 2: Indirect emissions from the use of electricity.
  • Scope 3: Other indirect emissions, including activities like business travel, emissions from waste and water use, and professional services such as marketing, data hosting and communications. Our calculation excludes customers’ emissions and the embodied emissions of our developments, which we calculate and address separately.

 

Scope 2 electricity usage across Goodman’s global operations accounts for 73% of the Group’s emissions. This is why increasing our use of renewable energy is a priority for Goodman and we have set a target of 100% renewable electricity use in our operations by 2025.  

Australian greenhouse gas emissions

Goodman’s Australian operations account for 66% of our global emissions. Of this, purchased electricity accounts for 96%, demonstrating the significance of our recent transition to 100% GreenPower. 

The table below provides a snapshot of our Australian Scope 1 and Scope 2 emissions for FY21, consistent with previous years. Greenhouse gas emissions for our Australian operations were calculated at 26,749 tCO2-e, continuing our downward emissions trajectory.

Scope 2018 2019 2020 2021
Scope 1 1,705

1,133 1,278 1,111
Scope 2 29,470

27,314 25,895 25,638
Total 31,175

28,447 27,173 26,749

*Units in tCO2-e

 

Annual Australian Emissions (tCO2-e)


Scope 1Scope 2

 

Energy efficiency remains a priority for our property teams. Enhancements such as lighting upgrades, energy monitoring and analytics continue to support our reduction trajectory. Over the past five years, our GHG emissions in Australia have decreased by approximately 29%.

A summary of Goodman’s energy consumption for its Australian operations including all energy consumed from activities within Goodman’s operational control is below.

Energy Type 2020 2021
Gas 18,855 19,897
Electricity 112,478 112,090
Fuels (diesel and petroleum) 4,456 1,224
Total 135,788 133,211

*Units in GJ

WORKFORCE FY20 FY21

Total number of contractor employees (fixed term/temporary) < 5% < 5%
Number of employees at end of year: global 963 922
Australia 288 287
NZ 63 58
Europe 214 187
UK 35 33
China 212 192
Japan 63 63
US 56 58
Brazil 32 33

Total workforce by age

<20 1 0
20-29 166 139
30-39 357 331
40-49 299 289
50-59 102 129
>60 36 34

Total workforce by gender

Female 43% 44%
Male 57% 56%

Governance bodies

Non-executive Directors on Goodman Boards 70% 70%
Gender diversity of Goodman Boards (Non-executive) 28.5% 28.5%

Parental leave

Total number of employees entitled to parental leave All employees in accordance with local regulations All employees in accordance with local regulations
Number of employees who took parental leave through the year

23 male

11 female

27 male

22 female

Number of employees who returned from parental leave

24 male

12 female

27 male

22 female

Number of employees who returned from leave still employed 12 months later

24 male

11 female

26 male

19 female


Learning and development

Percentage of employees who had regular performance and career development reviews 93% 93%
HEALTH AND SAFETY FY19 FY20 FY21

Goodman employees

Employees in Goodman controlled premises covered by the Goodman Safety System 100% 100% 100%
Number and rate of employee workplace fatalities 0 0 0
Number and rate of lost time injury frequency1 0 0 0
Total number of employee hours worked c.2 million c.2 million c.2 million

Development projects – Principal Contractor Controlled Sites2

Number of contractor fatalities 1 contractor

1 contractor

1 visitor

4 contractors
Number and rate lost time injury frequency rate1 0.59 1.35 0.59
Number and rate total recordable frequency rate1 7.30 4.00 1.96
The number of worker hours worked (Development Principal Contractors) c.7.1 million c.5.3 million c.12.1 million

 

1 Frequency rates are standardised to 200,000 hours
2 Development data is taken from sites under the control of Principal Contractors
3 Development hours significantly increased in FY21
Disclosure Description Location or direct response
GRI102: General Disclosures
102-1 Name of the organisation Goodman Group which comprises of three entities:
Goodman Limited
Goodman Funds Management Limited, as the responsible entity for Goodman Industrial Trust Goodman Logistics (HK)
102-2 Activities, brands, products and services Click here / Goodman Group Stakeholder Review 2021
102-3 Location of headquarters 1-11 Hayes Road, Rosebery NSW 2018, Australia
102-4 Location of operations Goodman ESG Report, page 17
102-5 Ownership and legal form Click here / About us
102-6 Markets served Click here / About us
102-7 Scale of the organisation Click here / About us
102-8 Information on employees and other workers Goodman ESG Report, Diversity and Inclusion − page 67
102-9 Supply chain Click here / Modern slavery statement
102-10 Significant changes to the organisation and its supply chain Click here / Goodman Group Annual Report 2021
102-11 Precautionary Principle or approach Goodman’s risk management process includes evaluation using the precautionary principle. This means Goodman’s actions are based on potential ESG impact, instead of proven impact, as a precaution
102-12 External initiatives United Nations Sustainable Development Goals, TCFD, GRESB, Sustainalytics, MSCI, GRI and ISO Standards
102-13 Membership of associations Various global relationships including Property Council of Australia, Green Building Council of Australia, Australasian Investor Relations Association, GRESB, ANREV and INREV plus various professional memberships
102-14 Statement from senior decision maker
102-15 Key impacts, risks and opportunities
102-16 Values, principles, standards and norms of behaviour Click here / Corporate governance
Click here / Our values
102-17 Mechanisms for advice and concerns about ethics Click here / Ethical concerns
102-18 Governance structure Click here / Goodman Group, Corporate Governance Statement
102-40 List of stakeholder groups
102-41 Collective bargaining agreements Goodman is not opposed to collective bargaining although the relationship we have with our employees means we have no single global collective bargaining agreement
102-42 Identifying and selecting stakeholders Goodman ESG Report, Long-term Relationships – page 27
102-43 Approach to stakeholder engagement Goodman ESG Report, Long-term Relationships – page 27
102-44 Key topics and concerns raised Goodman ESG Report, Long-term Relationships – page 27
102-45 Entities included in the consolidated financial statements Click here / Goodman Group Annual Report 2021
102-46 De ning report content and topic Boundaries This report has been prepared in accordance with the GRI standards core option. Our report includes FY21 performance highlights from across Goodman’s global operations. It forms part of a reporting suite that includes:
Goodman Group Annual Report 2021
Goodman Group Stakeholder Review 2021
The full suite of Goodman’s corporate governance policies can be found online.
Click here / Goodman Group Corporate Governance Policies
102-47 List of material topics Goodman ESG Report, Always Improving – page 25
102-48 Restatements of information No restatements have been made
102-49 Changes in reporting No changes.
Reporting is aligned with GRI Standards: Core option
102-50 Reporting period Reporting period is for 12 months:
1 July 2020 – 30 June 2021
102-51 Date of most recent report December 2020
102-52 Reporting cycle Annual
102-53 Contact point for questions regarding the report James Vesper
102-54 Claims of reporting in accordance with the GRI standard This report has been prepared in accordance with the GRI Standards: Core option
102-55 GRI content index This document represents the Company’s content index
102-56 External assurance External assurance is provided over nancials and selected environmental measures including Australian energy and emissions data
Disclosure Description Location or direct response
GRI 201 Economic Performance
201-1 Direct economic value generated and distributed Click here / Goodman Group Annual Report 2021
202-2 Financial implications and other risks and opportunities due to climate change Click here / Goodman Group TCFD Statement
GRI 205 Anti-Corruption
205-1 Operations assessed for risks related to corruption Click here / Goodman Group Code of Conduct
Click here / Goodman Group Anti-bribery and corruption
205-2 Communication and training about anti- corruption policies and procedures Click here / Goodman Group Code of Conduct
Click here / Goodman Group Anti-bribery and corruption
205-3 Confirmed incidents of corruption and actions taken There were no instances of corruption identified during this period
GRI 206 Anti-Competitive behaviour
206-1 Legal actions for anti-competitive behaviour, anti-trust, and monopoly practices No current legal actions are recorded
Disclosure Description Location or direct response
GRI 302 Energy
302-1 Energy consumption within the organisation Goodman ESG Report, ESG metrics, Energy and carbon
302-4 Reduction of energy consumption Goodman ESG Report, ESG metrics, Energy and carbon
GRI 304 Biodiversity
304-4 IUCN Red List species and national conservation list species with habitats in areas affected by operations Ecologists are engaged to research, identify and report on threatened species, terrestrial or aquatic, on development sites
GRI 305 Emissions
305-1 Confirmed incidents of corruption and actions taken Goodman ESG Report, ESG metrics, Energy and carbon
305-2
305-3 Other indirect (Scope 3) GHG emissions Goodman ESG Report, ESG metrics, Energy and carbon
305-5 Reduction of GHG emissions Goodman ESG Report, ESG metrics, Energy and carbon
GRI 306 Water
306-3 Significant spills No significant spills were identified
306-4 Transport of hazardous waste Goodman does not transport hazardous waste as part of day-to-day operations.
If remediation is required, Goodman appoints principal contractors to complete works in accordance with applicable laws and regulations.
Under its lease obligations, Moorabbin Airport, a subsidiary of Goodman Limited, manages legacy obligations relating to historical use PFAS at the airport.
Find out more
GRI 307 Environmental Compliance
307-1 Non-compliance with environmental laws and regulations No signi cant breaches of environmental laws
Disclosure Description Location or direct response
GRI 401 Employment
401-1 New employee hires and employee turnover 5.96% voluntary turnover rate
401-2 Bene ts provided to full-time employees that are not provided to temporary or part-time employees Part-time employees receive the same bene ts on a pro- rated basis or eligibility as full-time employees. Employees on a xed term or casual basis do not participate in the Goodman long-term incentive plan
401-3 Parental leave Goodman ESG Report, Appendices, ESG metrics, Goodman global workforce
GRI 403 Occupational Health and Safety
403-1 Occupational health and safety management system Goodman ESG Report, Safe working environment - page 75
403-2 Hazard identi cation, risk assessment and incident investigation Goodman ESG Report, Safe working environment - page 75
403-3 Occupational health services Goodman ESG Report, Safe working environment - page 75
403-4 Worker participation, consultation, and communication on occupational health and safety Goodman ESG Report, Safe working environment - page 75
403-5 Worker training on occupational health and safety Goodman ESG Report, Safe working environment - page 75
403-8 Workers covered by an occupational health and safety management system Goodman ESG Report, ESG metrics, Health and Safety
403-9 Work-related injuries Goodman ESG Report, ESG metrics, Health and Safety
GRI 404 Training and Education
404-2 Programs for upgrading employee skills and transition assistance programs Goodman ESG Report, Human capital and skills management – page 69
404-3 Percentage of employees receiving regular performance and career development reviews Goodman ESG Report, ESG metrics, Goodman global workforce
GRI 405 Diversity and Equal Opportunity
405-1 Diversity of governance bodies and employees Goodman ESG Report, ESG metrics, Goodman global workforce
GRI 407 Freedom of Association and Collective Bargaining
407-1 Operations and suppliers in which the right to freedom of association and collective bargaining may be at risk Goodman does not prohibit or restrict freedom of association
GRI 413 Local Communities
413-1 Operations with local community engagement, impact assessments, and development programs Goodman ESG Report, Goodman Foundation – page xxx Goodman ESG Report, Reconciliation Action Plan – page 73
GRI 418 Customer Privacy
418-1 Substantiated complaints concerning breaches of customer privacy and losses of customer data There were no reported incidents
ESG Affiliations and Partnerships
10
ESG Affiliations and Partnerships