“As Australia’s second largest retail property company, we recognise the role Vicinity plays in transitioning to a low-carbon economy, and that’s why our sustainability strategy is focused on delivering outcomes that are good for our business, the community and the environment,” Mr Kelley said.
“We’re proud that Vicinity is currently the third most sustainable REIT in the world, according to the Dow Jones Sustainability Index. While we know there is more to do, we see our new carbon target as an opportunity to further strengthen our sustainability credentials.”
“We know our customers, communities and investors expect us to have a robust and considered plan to reduce our environmental impact, while driving efficiencies that make long term business sense,” Mr Kelley said.
Chief Strategy Officer Justin Mills said Vicinity had undertaken a portfolio-wide review of its energy consumption, which had seen innovation and improvements in lighting, air-conditioning and optimising building performance.